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Tuesday, June 7, 2011

Takeover Chatter - Corporate finance press digest

The following corporate finance-related stories were reported on Tuesday: * Shares of medical diagnostics test maker Gen-Probe Inc were down more than 12 percent after a published report said Swiss drugmaker Novartis AG appeared to be the last bidder for the company and suggested that a deal might not go through at all. * French retailer and luxury goods giant PPR is in talks to make a large acquisition in the luxury sector, La Tribune reported on Monday, citing an unnamed internal source.

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