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Hedge Fund to Fight Freeport-Phelps Deal

Sabre Holdings reportedly in talks with private equity firms about possible sale; plus more stocks in the news Monday

Hedge Fund to Fight Freeport-Phelps Deal

Sabre Holdings reportedly in talks with private equity firms about possible sale; plus more stocks in the news Monday

Corus Group (CGA) Agrees to be acquired by CSN Acquisitions in a deal valued at about GBP 4.9 billion, or 515 pence per Corus Group share.

Sabre Holdings (TSG) in advanced talks to be sold to a consortium of private equity firms for more than $4 billion, according to the New York Times.

In a 13-D filing, hedge fund SAC Capital says it plans to fight the proposed buyout of Phelps Dodge (PD) by Freeport Mcmoran Copper & Gold (FCX); SAC says the terms will "not provide full and fair value" to Phelps Dodge shareholders.

LG.Philips LCD Co. (LPL) As part of an investigation of possible anticompetitive conduct in the LCD industry, officials from the Korean Fair Trade Commission visit the company's offices in Korea; also, the Japanese Fair Trade Commission and the US Department of Justice are investigating.

Biomet, Inc (BMET) The New York Times reports that Smith & Nephew is expected to offer approximately $11 billion for Biomet.

American Technology (ATCO) Says it is conducting voluntary review of its historical stock options and stock grants.

Hartford Financial Services Group (HIG) Raises a $8.75 to $8.95 2006 core earnings per share (EPS) forecast to between $8.85 and $9.00. Sees $9.35 to $9.65 2007 core EPS. Sets additional $500 million stock buyback.

Nuvelo Inc (NUVO) and Bayer announce data demonstrating a Phase 3 clinical trial of alfimeprase in acute peripheral arterial occlusion did not meet the primary endpoint of avoidance of open vascular surgery within 30 days of treatment.