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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