IN BRIEF: UK Takeover Panel to settle Augean bidding war by auction lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
The takeover battle for drugmaker Vectura (VEC.L) will enter a rare head-to-head auction process if private equity group Carlyle (CG.O) and tobacco giant Philip Morris (PM.N) do not make final bids by Tuesday, according to a British regulator.