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Highlights: May 16 - May 20, 2016

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Highlights of the week
WEEK AT A GLANCE  

The summary of the last week's key headlines and the most interesting stories.

Pfizer to buy Anacor Pharmaceuticals in $5.2 billion deal

PfizerPfizer will acquire Anacor Pharmaceuticals for $99.25 per share, in cash, for a total transaction value, net of cash, of approximately $5.2 billion....

Gannett boosts offer for Tribune Publishing to 99% premium

GannettGannett has increased its all-cash, premium offer to acquire Tribune Publishing to $15.00 per share from $12.25 per share, subject to due diligence....

Range Resources to buy Memorial Resource in $4.4 billion deal

Range ResourcesRange Resources will acquire all of the outstanding shares of common stock of Memorial Resource Development (MRD) in an all-stock transaction valued at $4.4 billion....

Radiant Logistics Q3 revenues increased 69.4%

Radiant LogisticsRadiant Logistics reported financial results for the three and nine months ended March 31, 2016....

FedEx-TNT takeover deal to settle May 25

TNTFedEx Corp.'s planned $4.8 billion takeover of Dutch parcel company TNT Express will settle on May 25, ending a merger process that's been more than a year under way....

Netlist Q1 revenues jumped 118% to $4.6 million

NetlistNetlist reported financial results for the first quarter ended April 2, 2016. Revenues were $4.6 million, up 118% from revenues of $2.1 million for the quarter ended March 28, 2015....

Biopharma brings $1.2 trillion, supports 4.5m U.S. jobs

BiopharmaThe biopharmaceutical industry supported nearly 854,000 direct jobs and another 3.5 million jobs and more than $1.2 trillion in economic output in the United States in 2014....

Not 6.5 million, but 117 million LinkedIn users compromised

LinkedInUsers of the professional networking service LinkedIn were being warned to change their passwords, after it emerged the email addresses and matching passwords of more than 100 million users could be for sale online....

Tencent Holdings total revenues increased 43%

Tencent HoldingsTencent Holdings announced the unaudited consolidated results for the first quarter of 2016 ended March 31, 2016. Total revenues were RMB31,995 million ($4,952 million), an increase of 43% over the first quarter of 2015....

Bayer wants to buy Monsanto worth $42 billion

BayerGerman dru giant Bayer has made an unsolicited takeover offer for Monsanto, the world's biggest seed company....

Technip, FMC Technologies to merge in $20 billion company

FMC TechnologiesFrance's Technip announced an all-stock merger with U.S. FMC Technologies to create an oil services group with combined revenue of $20 billion....

Boot Barn Holdings Q4 net sales increased 45%

Boot Barn HoldingsBoot Barn Holdings announced its financial results for the fourth quarter and fiscal year ended March 26, 2016....

NICE Systems to acquire inContact in $940 million deal

NICE SystemsNICE has entered a definitive agreement to acquire inContact, a cloud contact center company....

Organic sector posted its largest-ever dollar gain in 2015

Organic sectorThe organic sector in the U.S. posted its largest-ever dollar gain in 2015, with total organic product sales growing by $4.2 billion, reaching $43.3 billion....

Oil Search to acquire InterOil in $2.2 billion deal

InterOilOil Search proposed to acquire 100% of InterOil, to combine two complementary companies. The InterOil board unanimously recommends InterOil shareholders approve the transaction....

Deere & Company net income down to $495.4m from $690.5m

Deere & CompanyNet income attributable to Deere & Company was $495.4 million, or $1.56 per share, for the second quarter ended April 30, compared with $690.5 million, or $2.03 per share, for the same period last year....

Yum! to buy back $4.2bn, talks about selling China business

Yum! BrandsYum! Brands board authorized repurchases of up to $4.2 billion in additional shares of common stock and declared a quarterly dividend of $0.46 per share of common stock....

5 U.S. companies have 30% of all business cash

Five companiesApple, Microsoft, Alphabet, Cisco Systems, and Oracle together have on $504 billion, or 30%, of the $1.7 trillion in cash and cash equivalents held by U.S. non-financial companies in 2015....


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