“These are most serious matters.”The email allegedly came from Rudd’s office, but the government says it has failed to locate the document on its computers and on Saturday called in police to investigate. MANILA, June 21 (Reuters) – Smart Communications, one ofPhilippine Long Distance Telephone Co’s (TEL.PS), mobile phoneunits, has offered to buy the rest of Pilipino Telephone Corp’s(Piltel) (PLTL.PS) shares for 8.50 pesos a piece. Smart, which currently owns 92.8 percent of Piltel, had seta tender offer price of 8.50 pesos per share for 839,979,054shares in Piltel, representing a 5 percent premium fromFriday’s closing price of 8.10 pesos, Piltel said in astatement at the weekend. “Smart’s tender offer is intended to provide an exitopportunity for Piltel’s minority shareholders, given thechange in Piltel’s business direction,” Piltel said. Based on Reuters calculations, Smart may need to set asidearound 7.1 billion pesos ($147 million) to acquire theremaining 7.2 percent stake in Piltel.
The tender offer will start on July 1 and would end at noonon July 29. Piltel plans to sell and transfer its cellular assets andsubscriber base to Smart. Once the transaction is completed,Piltel will become a holding company with its 20 percent stakein power retailer Manila Electric Co (Meralco) (MER.PS) as itsmajor asset, the company said. Piltel will soon complete its purchase of a 20 percentstake in the country’s largest power distributor.
At the end of December, Piltel had a cellular subscriberbase of over 14.3 million, its company website showed Shares in Piltel closed up 1.25 percent on Friday ThePhilippines’ main index was down 1.48 percent ($ 1 = 48.4 pesos) (Reporting by Karen Lema). TOKYO (Reuters) – A draft of Japan’s new mid-term defense policy guidelines is calling for the reinforcement of military personnel and equipment in the face of growing regional tensions, Kyodo news agency said. BEIJING (Reuters) – Police across China have rescued 23 children in a nationwide crackdown on child trafficking from poor provinces, state media said Sunday. World | ChinaThe Wuhan Rail Bureau in central China has also netted 18 suspects in an 8-day campaign targeting trains pulling in from the city of Kunming, the capital of impoverished Yunnan province in southeast China, the Xinhua news agency said.Other children, ranging in age from 100 days to 8 years, from the poor, coal-mining province of Shanxi, have been found in Shandong province on the prosperous coast. They were taken hundreds of miles in buses by smuggling rings that used poor migrants to accompany the children.Many are now in orphanages, since their parents have not been found, Central China Television said in a report on the campaign.Chinese babies, especially boys, from poor and remote areas may be sold to more prosperous people in far-away provinces. BioLineRx`s CEO Dr. Morris Laster: “These results are extremely important forthe confirmation of the mode of action of BL-1020 in reducing EPS and improvingcognition”JERUSALEM–(Business Wire)–BioLineRx, a drug development company with products in advanced clinical andpre-clinical testing, announced today new results confirming its GABA enhancedBL-1020 drug`s MOA.
BL-1020`s role in minimizing Extra-Pyramidal Symptoms (EPS) and improvingcognitive functions has been studied extensively by the company in the incollaboration with opinion leaders in the field including Prof Jo Neill(Bradford University, UK) and Dr. Herbert Meltzer (Vanderbilt University, USA).Recent pre-clinical studies clearly show that BL-1020 reverses cognitiveimpairment and that this reversal is mediated by the GABA moiety of BL-1020.According to Prof. Jo Neill, “BL-1020 improves deficits in preclinical paradigmsassessing performance in two distinct cognitive domains. Pharmacological studiesconfirm a role for GABAA receptors in its pro-cognitive effects” Dr. Morris Laster, BioLineRx`s CEO states that: “These results are extremelyimportant for the confirmation of the mode of action of BL-1020 in reducing EPSand improving cognition Dr. Laster also said: “These results showing improvedcognition may also allow for increased indication coverage for BL-1020 includingdementia associated with Parkinson`s and even as a potential adjunct treatmentfor Alzheimer`s.
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