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"They have the highest profit margins, they have the bestbalance sheets, they make money through thick and thin," saidDavid Rubenstein, senior analyst at Advanced Research Japan. "Sothey are not desperate, but they are hungry for earnings growthand this is one way they can do it."
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Perhaps as a peace offering, they altered their display name Tuesday to read 〓〓〓Mike Franceser〓〓〓 〓〓〓 just to make it perfectly clear that this is a parody 〓〓〓 but the handle remains @MikeFrancesaNY.
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And it could also pile pressure on the Italian government tostep in, after junior economy minister Antonio Catricala onMonday ruled out intervening to keep the former state monopolyunder national control.
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The move follows weeks of speculation that the Frenchmedia-to-telecoms conglomerate was looking for ways to pull someof the $4.3 billion in cash sitting on the balance sheet of theworld's largest video games publisher as part of a widerrestructuring aimed at cutting debt and refocusing its business.
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IRN-BRU WANTS TO SWALLOW LUCOZADE AND RIBENAThe maker of Irn-Bru, A.G. Barr, is weighing a possible1 billion pound offer for two other well-known soft drinks,Lucozade and Ribena, and is expected to open discussions withprivate equity firms with a view to launching a joint bid.
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- 20/2/6(木) 7:08 -
