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China’s regulator has approved Geely’s acquisition of Ford’s Volvo unit, clearing one of the last remaining hurdles to the high-profile deal, a source with knowledge of the matter said Thursday.
The deal could be completed as early as next week, said the source, who spoke on the condition of anonymity as the discussions remain private. Get the full story »
CME Group. CEO Craig Donohue appeared to rule out growth by acquisition on Thursday, and said excess cash would be returned to shareholders as soon as next year. Get the full story »
Beauty products direct-seller Avon Products Inc. said it will buy closely held sterling-silver jewelry seller Silpada Designs Inc. for at least $650 million.
An additional payment will be made to Silpada shareholders in early 2015 if certain earnings-growth targets are hit. There is no contractual minimum or maximum to this potential payment, but Avon estimated that it could range from $50 million to $100 million. Get the full story »
