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  • UK security, fire protection and home improvement group Williams Holdings is making a US$1.3 billion bid for rival Chubb Security.
  • Texas buy-out company Texas Pacific Group is offering an undisclosed amount, believed to be at least US$800 million, for Del Monte Foods, the US's largest branded producer and distributor of tinned fruit and vegetables.
  • Dutch company Philips Media is selling its 50% stake in United and Philips Communications, the largest privately-owned cable system in Europe, to its joint venture partner, American concern United International Holdings. The deal is worth US$425 million.
  • The Life and Death of an Infrastructure Project, 2nd ed.
  • A decision of the Colombian Constitutional Court, issued in August 1996, has blocked the ratification of a bilateral investment treaty entered into by Colombia and the UK in 1994 and approved by the Colombian Congress in late 1995. With the failure of a recent government initiative to overturn the constitutional basis for the court's decision, it now appears that the treaty has been shelved indefinitely.
  • Privatization of mining group
  • In its February session, the Swiss Federal Banking Commission gave the green light for the first two foreign funds with special risks to be sold and marketed in Switzerland.
  • In the January 1997 briefing we noted that a parliamentary committee was expected to propose amendments to the Companies Act of1975, one of which would permit Swedish companies to repurchase their own shares. This proposal has now been published (SOU 1997: 22).
  • Treasury Ministry Decree No. 703 of November 21 1996 setting out the criteria to be followed by the management of pension funds with regard to investments and the limits on investments and derivatives transactions has been published in the Official Gazette and is now in force.
  • The amendments to the Finnish Companies Act (see International Financial Law Review, August 1996, page 56) and certain related legislation were ratified in February 1997 and due to come into effect on September 1 1997.