Human Genome Sciences (Nasdaq: HGSI) has rejected an unsolicited $2.59 billion takeover bid from GlaxoSmithKline, but did say that it will explore strategic alternatives that could include a sale of the company. www.hgsi.com
Johnson & Johnson (NYSE: JNJ) has received European regulatory approval for its $21.3 billion acquisition of Swiss medical equipment maker Synthes Inc. www.synthes.com
Primerica Inc. (NYSE: PRI) has agreed to repurchase around 5.74 million shares of common stock held by Warburg Pincus, for approximately $150 million. Warburg Pincus will still hold around 17.9% of Primerica’s common stock following the sale, or 23.2% including warrants. www.primerica.com
Vodafone Group is the only remaining bidder for listed British network operator Cable & Wireless Worldwide PLC, after Tata Communications dropped out of the process, according to Bloomberg.
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