Royalty Pharma raises Elan offer (FT )
The bitter battle for Elan intensified on Friday after private equity group Royalty Pharma raised its all-cash offer for the Irish-based speciality drug company by 5 per cent to $6.7bn.
BofA executives hostile in mortgage talks (FT )
Bank of America executives and lawyers threw documents at bondholders and told them that their “grandchildren would have grandchildren” before they received compensation for soured mortgages, a US court heard on Thursday.
Centrica in shale gas stake talks with Cuadrilla (BBC )
Centrica, the owner of British Gas, is in advanced talks to buy a stake in shale gas fields in northern England.
The company is talking to Cuadrilla Resources about buying a stake in its licences in the Bowland shale formation in Lancashire.
Cameron to attend 'secretive' Bilderberg meeting (BBC )
David Cameron is to attend a behind-closed-doors meeting of global business leaders, politicians and academics that critics say is too secretive.
Severn Trent suitors raise offer to £5.3bn (Telegraph )
A consortium of Canadian, Kuwaiti and British investors has upped its bid for Severn Trent to £22 a share, or £5.3bn, but has said the offer is conditional on the support of the water utility's board.