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Friday 14 September 2007

Brief News for today

Despite the fact that Cadbury Schweppes wants to demerge from its drinks unit, which includes 7Up and Dr Pepper, the group has turned down a £6.9 billion offer from a private equity consortium.

Canon, the electronics firm is to buy back up to £215 million worth of its own shares to boost its return on equity and gain a reserve of shares to fund future acquisitions. (source: The LondonPaper)

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