Pfizer (NYSE:PFE) has won regulatory clearance to acquire Danish medical services company Ferrosan‘s consumer healthcare business after the European Commission decided that the merger would not adversely affect the competitiveness of the multivitamins, minerals, and gelatin markets. With the news, Pfizer shares have dropped 2.41%.

Talbots (NYSE:TLB) shares spiked early this morning after Bloomberg speculated that private equity firms might be interested in purchasing the company, whose shares are down 41.05% this week after the company reported a first quarter drop in revenue. However, shares are back down, in the red 1.10% so far today.

Harbin Electric (NASDAQ:HRBN) plans to take their company private at $24/share. However, many think the deal, being backed by China Development Bank Corporation, is sketchy, and have accused Harbin Electric of deceiving the public. Still, news that the buyout, which has been in the works since last fall, might go through has sent stocks up 5.94%.

ING (NYSE:ING) is taking the necessary steps to sell off their U.S. online bank, with bids coming from Capital One (NYSE:COF) and GE (NYSE:GE). The Dutch firm also plans to prepare its European and U.S. insurance operations for IPOs this year. Shares are down 3.73% today.

Verigy (NASDAQ:VRGY) shares are up 10.90% with the news that plans for a $15/share takeover from Advantest (NYSE:ATE) can move ahead now that the Department of Justice’s waiting period has expired. Verigy will hold a meeting June 17 to get shareholder approval.

Wal-Mart‘s (NYSE:WMT) $2.4 billion bid to takeover South African retailer MassMart (JNB:NSM) has been approved by a Namibian court. The deal needs competition approval from South Africa, Tanzania, Malawi, Swaziland, Zambia as well as Namibia. South Africa approved the deal Tuesday. Wal-Mart shares are down 0.80%.

Google (NASDAQ:GOOG) is in talks with Admeld to buy out the display advertising company for $400 million. Google plans to make display advertising with images and videos its next big business beyond text search ads that currently make up the great majority of its revenue. Google shares are down 0.87%.

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