Sigh of relief for Cadbury? Hershey and Ferrero may join forces to launch a rival bid for Kraft‘s offer for the British confectioner, a source tells us. On a rather much smaller scale, Cosmo Pharmaceuticals plans to buy rival BioXell for around $40 million, it says. For these and all other Reuters stories on deals, click here.
Plus a look at other media (some links may require subscription):
Apollo Management, the private equity firm headed by former Drexel Burnham Lambert executive Leon Black, is planning to list on the New York Stock Exchange, the Financial Times says.
Nippon Telegraph and Telephone Corp has entered the race to buy a majority stake in Patni Computer Systems, the latest in a string of potential suitors eyeing India’s No. 6 software services firm, the Economic Times says.