The Fly On The Wall Whats In the News: May 27th, 2010

WHAT'S IN THE PAPERS:
Influential shareholder proxy advisory service RiskMetrics is telling investors to shun Prudential's (PUK) $35.5B bid for AIG's (AIG) AIA unit, the Wall Street Journal reports...

Hertz Global Holdings (HTZ) and Avis Budget Group (CAR) are intensifying their fight for Dollar Thrifty Automotive Group (DTG), the Wall Street Journal reports...

Asda, a unit of Wal-Mart (WMT), will reportedly acquire the U.K. arm of Netto, a discount retailer, for GBP778M. The move will add another 193 stores to its portfolio, and will look to convert the stores to the Asda brand by next summer, the Independent reports...

As part of an effort to move into the generic-drug market in Japan, Sanofi-Aventis (SNY) and Nichi-Iko Pharmaceutical will reportedly form a capital and operational alliance, the Nikkei reports...

After 1,850 workers at parts-making unit Honda Auto Parts Manufacturing went on strike, production has been halted at all four of Honda's (HMC) car plants in China, Bloomberg reports.

Category:

News & Politics

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• Hertz
• Global
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• Avis
• Budget
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• CAR
• Dollar
• Thrify
• DTG
• wal-mart
• wmt
• hmc
• honda
• china
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