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Clues confirming reported BP Shell mega merger

Clues suggest that merger talks between two oil giants, BP and Royal Dutch Shell, to create the world's biggest corporate titan, eclipsing ExxonMobil are underway.

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Avaya To be Acquired in $8.2B Deal

Avaya Inc. said on Monday it agreed to be acquired by private equity firms TPG Capital and Silver Lake for $8.2 billion, the latest in a string of deals in the telecommunications-equipment industry, reported Reuters.

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DealerTrack to Acquire Arkona, Inc.

DealerTrack Holdings, Inc. (Nasdaq: TRAK) and Arkona, Inc. (OTC Bulletin Board: ARKN) have signed a definitive agreement for DealerTrack to acquire Arkona for $1.38 per share of common stock. The total purchase price of the transaction is approximately $58.9 million.

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China Defends Africa Policy, Weapons Sales to Sudan

A Chinese Foreign Ministry official has defended Beijing's Africa policy and weapons sales to Sudan ahead of the Chinese president's eight-country visit to Africa. China has been wooing African nations with aid and business deals, but critics say in its quest for resources Beijing is ignoring human rights abuses. Daniel Schearf reports from Beijing.

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CVS And Caremark to Form Premier Pharmacy Services Company in Merger of Equals

Combination Will Enable Employers and Health Plans to Better Manage Costs While Improving Health Outcomes; Consumers Will Benefit from Enhanced Services, Unparalleled Access and Greater Choice; Merger Expected to Create Powerful Cash Flow Generator with Significant Near-Term Synergy Opportunities