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BUSINESS BRIEFS.(TO THE POINT)
MEDIA
Time-Warner bolsters MGM bid
The media conglomerate reworked a takeover offer for the entertainment firm, agreeing to pay about $4.5 bil in cash for the film & TV giant, reports said. Analysts said the bid appears to be more attractive to MGM than Sony's nearly $5 bil offer. Time-Warner shares rose 3 cents to 16.20. Sony rose 1% to 35.02. MGM fell 9% to 11.
MEDICAL
NeoPharm founder blasts board
John Kapoor, the anti-cancer drug firm's founder, believes the current board is mismanaging the company and asked investors to remove 4 of the 6 directors, according to an SEC filing. Kapoor, who with his wife holds nearly 22% of NeoPharm, blamed the board for the firm's slow progress in ...
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