Sean Farrell theguardian.com, Monday 19 May 2014 Anglo-Swedish firm’s rejection of ‘undervalued’ £55 per share offer seems to end prospects for the biggest foreign takeover of a UK company   AstraZeneca has rejected Pfizer‘s £69bn takeover approach, saying the bid undervalues the UK company and poses too many risks. AstraZeneca’s […]

Tiger Brands Ltd. (TBS), South Africa’s largest food company, will write off about half of its investment in Dangote Flour Mills Plc (DANGFLOU) less than two years after buying a majority stake in the Nigeria-based producer. Tiger, which makes Jungle Oats and All Gold tomato sauce, will impair Dangote Flour’s […]

* Gross sales up 24 percent on constant currency basis * Sales in Africa up 27 percent excluding South Africa * U.S. asset management unit sees outflows of $3.6 bln * Shares down 1 pct having lately hit near 12-mth high (Adds detail, CEO comment, share reaction)   Anglo-South African […]