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Tuesday, January 13, 2015

Deals of the day- Mergers and acquisitions, (NYSE: ORAN)

The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday: ** French telecoms group Orange hopes to close a deal to sell its stake in UK mobile operator EE to British telecoms group BT quite soon and will look at further consolidation of the French telecoms market along with other opportunities once the deal is done.** Alibaba Group Holding Ltd founder Jack Ma and other investors will pump up to 10 billion yuan ($1.61 billion) into Chinese drugmaker Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd to help fuel its online expansion.

Orange SA, formerly France Telecom SA, is a France-based company that is engaged, principally, in the provision of integrated telecommunications services. Shares of ORAN traded higher by 1.96% or $0.33/share to $17.19. In the past year, the shares have traded as low as $11.92 and as high as $18.05. On average, 768030 shares of ORAN exchange hands on a given day and today's volume is recorded at 51559.