Pfizer has reached agreement to acquire Warner-Lambert for $90bn in order to create the second largest pharmaceuticals group in the world. ... [more]

Axis-Shield is acquiring the point-of-care testing business of Nycomed Pharma of Norway for £22m... [more]

Hays is expanding its recruitment agency business with the £22m acquisition of Sedi and MD Concept in France and Roozen & van Hoof in the Netherlands... [more]

Westminster Scaffolding is to acquire MotionPoster in a £15m reverse takeover in order to market electronic moving-picture advertising space in train tunnels... [more]

Anite is acquiring 2 Sell Marketing & Sales Consultancy the Dutch internet business for up to £0.6m in order to create a training centre for its 800 consultants in continental Europe... [more]

ADI Treatments the West Bromwich-based metal treatment company has been acquired by Hulvershorn of Germany for £0.3m... [more]

Tetley is selling its US coffee businesses to Rowland Coffee Roasters and Mother Parker's Tea & Coffee for undisclosed terms in order to focus on its core teabag brands... [more]

Target Express the express delivery service is to be acquired by Rentokil Initial for £210m and will be merged with Rentokil's existing overnight parcel delivery service, City Link. ... [more]

Airtours has acquired Manos the charter tour operator that offers holidays to Greece and Turkey for undisclosed terms... [more]

Vodafone AirTouch has agreed a £113bn merger with Mannesmann of Germany will create the largest telecoms group in the world... [more]

McKay Securities the property company has acquired Gibraltar-based Celina Holdings in a £10m deal... [more]

Beeson Gregory the stockbroker and corporate finance group is to acquire the technology investment consultancy IndexIT Partnership and is also planning a flotation to raise £30m... [more]

365 Corporation is acquiring Datanet Holdings the developer of sports-based web sites in a £31m deal... [more]

United Utilities has acquired Intercell the Sheffield-based telecoms company for undisclosed terms and it will be merged into its Norweb Telecom operation... [more]

ITnet has acquired French Thornton the independent management consultancy for £8.5m... [more]

Allied Domecq is to sell its John Bull international pub franchise business to Charles Wells the Bedford family brewer for under £10m... [more]

The Post Office has acquired Crie the French supplier of express mail services for £6m as part of a strategy to expand its international postal network... [more]

BATM Advanced Communications is to acquire Telco Systems the US supplier of data communications equipment for about £200m... [more]

Tarsus is acquiring internet portal Martex Communications for £16m in order to gain access to a delivery system for its online magazines... [more]

Aggregate Industries is expanding its US aggregates business with the £23m acquisition of assets from Holst Excavating Mobilcrete and Sioux Valley Ready Mix... [more]