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It was a Monday of dealmaking, with insurance giant AIG announcing a $5.56 billion agreement to acquire Bermuda-based Validus Holdings [ ]; biotech biggie Celgene Corp. agreeing to buy Juno Therapeutics for roughly $9 billion in a move to expand its blood-cancer drugs [ ]; and luxury firm Richemont offering $3.3 billion to bring Yoox Net-A-Porter - "one of the world's most disruptive e-commerce companies" - into its stable to Italy's Ferrero for $2.8 billion last week - to make further changes, including dropping its stake in cosmetics giant L'Oreal NY state judge Marcy Friedman has refused DZ Bank's attempt to conduct a bellwether trial in its fraud suit against Morgan Stanley over toxic RMBS, suggesting that that the plaintiff-selected cases "wouldn't resolve things any more efficiently" White Collar Watch offers up something of an existential question for us on the issue of financial ... (more)



from Biotech News