UPDATE 3-Royalty raises Elan bid, issues ultimatum to shareholders
* Royalty will withdraw bid if shareholders back Elan deals
UK delays award of prison privatisation contract -FT
May 20 (Reuters) – The privatisation of five UK prisons has been delayed by the Ministry of Justice following an investigation into whether it was overcharged on two contracts with private-sector…
Softbank planning 400 bln yen bond sale – Nikkei
May 21 (Reuters) – Softbank Corp is seeking to raise about 400 billion yen ($3.90 billion) through a sale of retail bonds to finance its bid for No.3 U.S. mobile phone carrier Sprint Nextel Corp, the…
US STOCKS-Wall St hovers near record levels as investors hesitate to jump in
* U.S. Fed has right monetary accommodation in place: Fed’s Evans
Plains shareholders approve takeover by Freeport
UPDATE 4-Actavis to buy Warner Chilcott in $5 billion stock deal
May 20 (Reuters) – Generic drugmaker Actavis Inc, itself a recent takeover target, said on Monday it would buy specialty pharmaceutical company Warner Chilcott Plc for $5 billion in stock to expand…
UPDATE 2-Blackstone, Pactera insiders make $680 mln offer
* Consortium proposes to take company private for $7.50 per share