Weekly Wrap-Up: March 5, 2010
•Merck agrees to acquire Millipore (NYSE:MIL) for $7.2 billion •AIG (NYSE:AIG) sells Asian life insurance unit, AIA, to Prudential •Citigroup (NYSE:C) sells $330 million worth of shares in Primerica insurance unit to PE firm Warburg Pincus ahead of IPO •Nissan (PINK:NSANY) recalls 540000 vehicles •Apple (NASDAQ:AAPL) launches patent suit against HTC over Google’s (NASDAQ:GOOG) Nexus One •CF Industries (NYSE:CF) rekindles takeover battle and makes new offer to buy Terra Industries (NYSE:TRA) at $47.40 per share, trumping Yara’s $41.10 per share bid •Pfizer (NYSE:PFE) reportedly bid as much as $4.08 billion for Ratiopharm, with Teva (NASDAQ:TEVA) and Actavis Group also said to be in the running •Citigroup’s (NYSE:C) Pandit heads back to Capitol Hill to testify before Congress about TARP assistance. Says they have cut back on trading and thanked taxpayers •General Growth Properties wins a five-month extension to present bankruptcy plan •Morgan Stanley (NYSE:MS) finds buyer for 34.4% stake in CICC •Investigators look into complaints about Toyota’s (NYSE:TM) recall fixes •Tivo (NASDAQ:TIVO) wins appeal ruling against Dish Network (NASDAQ:DISH) and echostar (NASDAQ:SATS) •US employers cut smaller than expected 36000 in February, leaving the unemployment rate unchanged at 9.7%
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