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The new company will be the second biggest in the global oil and gas industry. The sale price represents a 50 premium above bgs Closing Price. The way we would look at that is if you look at the carbonation of the companies what we could do with the assets that bg has, we saw a lot more value in that combination. Matt it is the industrys egg is to deal in at least a decade biggest deal in at least a decade. Some Traffic Controllers are not showing up for work. About 40 of french flights are being canceled. Air france says most of its longhaul flights will take off as scheduled. Saddam chicago voters are giving their mayor another four years. At rahm emanuel one a second term. He says the battle will make you more effective. Will make him more effective. To all the voters i want to thank you for putting me through my paces. I will be a better mayor because of that. Matt th ....
To michelle. She has todays corporate stories. Pfizer abandoned its bid to buy astrazeneca after being rejected by its british rival. The move had been widely expected. Pfizer can return with another offer in six months or three months if astrazeneca invites it back in. Well talk more about this story with a pharma analyst in about ten minutes on squawk box. Top executives from General Electric and siemens had set to appear from the French Parliament today. Francois hollande will meet with ge ceo jeff immelt. Reuters reports that siemens is preparing a formal offer for alstom. That would mean a slightly higher volume on alstoms Energy Activities than the ge bid. But only a little more than half of ges cash component. All those deals. Was it astrazeneca that was resisting or was it political i think it was astraze ....