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Here are Tuesday’s top stories:
Verizon Wireless’ (NYSE:VZ) $3.9 billion purchase of airwaves from a group of cable companies that includes Comcast Corporation (NASDAQ:CMCSA) and Time Warner Inc. (NYSE:TWC) is nearing approval by the Federal Communications Commission and the United States Justice Department, according to the Wall Street Journal. But first, the firms are required to reduce the scope and the length of arrangements that currently allow them to sell each other’s services in deals that ignited worries that they wouldn’t compete for Internet subscribers, a situation in which their fees would remain too high.
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Teleflex Inc. (NYSE:TFX) will purchase Singapore-traded LMA International for $276 million, whose acquisition will add a worldwide market leader in laryngeal masks to its line of critical-care and surgical products. LMA has a direct selling presence on four continents, and earned a 2011 revenue of $124 million.
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