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Telecom Italia to set up committee to evaluate Brazil sale
2014-01-17 09:32:00| Telecompaper Headlines
(Telecompaper) Telecom Italia announced its intention to put in place controls to vet eventual deals involving TIM Brasil, specifying that there is no current bid for the company's prized Brazilian unit or any plans to sell it. The controls would take the form of an "ad hoc procedure, in line with that for operations with related parties", said the company in a statement following a board meeting held on 16 January. Directors also decided to set up a group to evaluate changes to the company's bylaws, and said that both the Brazilian issue and governance matters will be further discussed at another board meeting on 06 February. The main outcome of the meeting is that any possible future sale of TIM Brasil could need approval at a special shareholders' meeting where Telefonica, if identified as a related party, would be left out of the vote. However, such a review by independent directors could shield Telecom Italia from accusations of conflict of interest. Telefonica currently controls Telecom Italia together with three Italian partners via a 22.4 percent stake held in investment vehicle Telco. Sources close to the matter have said Telefonica is looking to break up TIM Brasil and divide its assets between itself and the other two mobile operators in Brazil to circumvent antitrust issues.
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Merck Collaborates with GlaxoSmithKline to Evaluate Novel Combination Regimen for Advanced Renal Cell Carcinoma
2013-12-18 13:30:00| Merck.com - Research & Development News
Dateline City: WHITEHOUSE STATION, N.J. WHITEHOUSE STATION, N.J.--(BUSINESS WIRE)--Merck (NYSE:MRK), known as MSD outside the United States and Canada, today announced the initiation of a clinical trial to evaluate the combination of the companys investigational anti-PD-1 immunotherapy, MK-3475, and GlaxoSmithKlines orally administered kinase inhibitor, pazopanib, in advanced renal cell carcinoma. Language: English Contact: MerckMedia:Ian McConnell, 908-423-3046orClaire Mulhearn, 908-423-7425orInvestors:Carol Ferguson, 908-423-4465orJustin Holko, 908-423-5088 Ticker Slug: Ticker: MRK Exchange: NYSE read more
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combination
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Nordic Energy to evaluate North Sea's licence 1/13
2013-11-28 01:00:00| Offshore Technology
Nordic Energy is in the process of evaluating the prospectivity of its 80%-owned Danish licence 1/13, which was acquired by the company in September 2013.
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energy
evaluate
licence
Evaluate Alfalfa Stands This Fall
2013-11-18 00:23:00| Beef
Beef Producer Even though harvest is an exceptionally busy time, a Purdue University Extension forage specialist says alfalfa stand evaluation should not be ignored until harvest is over. read more
Tags: fall
evaluate
stands
alfalfa
US: RG Barry to "evaluate" buyout offer
2013-10-24 18:20:00| Daily apparel & textile news and comment - from just-style.com
US footwear and accessories manufacturer RG Barry has formed a committee to "review and evaluate" a buyout offer from private investment firm Mill Road Capital Management.
Tags: offer
evaluate
barry
buyout
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