Puma CEO says considers rival bid unlikely

(Reuters) - Puma expects the bid of 330 euros a share to be PPR's final offer, even though that also "remains to be seen", Zeitz said.




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UPDATE 2-Fujifilm unit, Given Imaging tie up in endoscopes

(Reuters) - Fujifilm's Fujinon Corp. and Given have agreed to jointly market and develop new models of endoscopes -- cameras attached to long fibrescopes used to examine internal organs.

Fujinon also got non-exclusive distribution rights for Given's capsule-shaped endoscope systems. The move could help Fujinon increase its share of the global market where it is No. 2 after Olympus, which controls 70 percent. Given is the world's biggest maker of capsule-type devices, which can be swallowed by patients and are less painful than conventional models.


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Stolt-Nielsen says orders 4 tankers for $340 mln

(Reuters) - The vessels are of the same design as four parcel tankers ordered by Stolt-Nielsen Transportation Group from SLS in October last year, the company said.

"Stolt-Nielsen Transportation Group now has a total of 12 ships on order from SLS," Stolt-Nielsen said.


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Norwegian Air passengers up, yields flat in March

(Reuters) - "The yield development is connected to sales campaigns to incorporate the company's route expansion," Norwegian Air Shuttle said in a statement.

"The expansion in Poland has affected negatively the company's yield level, but the rest of the route portfolio has experienced positive yield development compared to the same period last year," Norwegian said.


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EMI concerns grow at Warner Music

(Reuters) - "We want to be very realistic about what we would be buying and what we could do with the company, the base level of profitability and the growth becomes increasingly problematic," said Scott Sperling, co-president of Thomas H. Lee Partners, speaking at the Reuters Hedge Funds and Private Equity Summit in New York on Tuesday.

Britain's EMI rejected a 2.1-billion-pound , or 260 pence per share cash takeover proposal from Warner Music Group last month, saying the price was inadequate and not in the best interests of its shareholders.


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S.Africa's Mittal to appeal competition body ruling

(Reuters) - Mittal Steel SA, the South African unit of the world's top steel-maker, on Wednesday said it would appeal against a ruling by the Competition Tribunal that it charged "excessive prices".

The Tribunal ruled last month that Mittal SA, which is 52 percent owned by Arcelor Mittal, contravened a section of the Competition Act by "charging an excessive price for its flat steel products to the detriment of consumers".


Read more at Reuters Africa

Oil holds near $62 ahead of U.S. gasoline stock data

(Reuters) - U.S. crude was steady at $61.89 a barrel by 0403 GMT, after settling up 38 cents on Tuesday. London Brent crude was down 1 cent at $67.41.

A Reuters poll of analysts forecast U.S. government data due later on Wednesday will show gasoline stocks fell 1.4 million barrels last week, alongside a build in crude stocks of 1.5 million barrels as refinery runs rose.


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