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Centaur Partners, which has been trying to...

Centaur Partners, which has been trying to take over Philadelphia-based Pennwalt Corp., increased its offer for the company to $110 a share in cash, or $869 million . . . Coastal Corp. said it has extended its $42-per-share, or $2.6 billion, cash offer for Texas Eastern Corp. another 10 days, through Feb. 23.

Inside the business of entertainment

The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.

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