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Shareholders of the troubled vaccine maker Chiron face a crucial vote in the next few days: Sell out to Novartis, or reject the drug maker's merger bid and continue to go it alone.
He also asked the court to disqualify all votes cast in favor of the deal and to declare either that Hewlett-Packard lost its merger bid or to force a revote.
Sir Roger Carr is set to be named chairman of BAE Systems, as the defence firm attempts to move on following its failed £30bn merger bid with European rival EADS.
Even a Comcast executive conceded that the merger bid might have surprised or confused investors who bought Comcast stock as a "pure cable play and got very excited about our future and wanted to see the cash flow".
Talks over a separate settlement between the banks, state attorneys-general and the Justice Department remain bogged down.NYSE Euronext said it would stick with a merger bid proposed by Deutsche Börse, rejecting a rival, and higher, offer made jointly by NASDAQ OMX and IntercontinentalExchange.
BSkyB, a pay-TV channel that is part of Rupert Murdoch's empire, bought a 17.9% stake in ITV, which was interpreted as an attempt to stymie a £4.7 billion ($8.9 billion) merger bid from NTL, a cable and phone operator in which Sir Richard Branson is the largest shareholder.
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Analysts and investors seemed enthusiastic about the possibility of a merger, bidding up the shares of both companies.
The volume of hostile and unsolicited merger bids worldwide is up 19.8 percent this year, to $80.45 billion, from the period a year earlier, according to Thomson Reuters data.
The suit, filed in Fulton County Superior Court in Atlanta, challenges the stock options Wachovia granted to First Union as a deterrent to rival merger bids.
A dramatic string of mergers, bids and counterbids has enlivened an industry that is proving to be as malleable as its end product.
Up in the air A new operating system Petal power Out-Googled Reprints Related items Insider trading: When greed is badMay 10th 2007 Corporate mergers: A bid too farMay 10th 2007 The global merger boom: The beat goes onMay 10th 2007Reaction to this deal has been largely favourable.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com