Mergers & Acquisitions Daily News Digest

The Federal Trade Commission sued Omnicare, seeking to block the pharmacy service provider’s hostile $441 million bid for PharMerica.

Ronald O. Perelman, the billionaire financier, lost a bitter legal battle as a federal jury decided that his company must pay $16 million to Donald Drapkin, a former business associate.

Delta is exploring a possible bid to purchase US Airways, according to a person familiar with the matter. But Delta has not yet approached its smaller rival and it may decide against making an offer.

Standard & Poors lowered its outlook on the Jefferies Group and Cantor Fitzgerald to negative from stable, saying the European debt crisis could weigh on their profits.

Facebook may file a prospectus as early as next week, according to people with knowledge of the matter, who demanded anonymity because discussions are private. But the company is still hammering out a final date.

A look back on our reporting of the past week’s highs and lows in finance.

The congressional inquiry into the collapse of MF Global and its misuse of customer money is set to intensify next week, when a House committee hears testimony from the top executives once responsible for monitoring risk at the brokerage firm.

The bank is shutting its equity principal strategies desk, which made trades using the firm’s own capital, the firm announced in an internal memo. Most of the desk’s employees will leave Citigroup after Feb. 6.

The protesters of Occupy W.E.F., short for World Economic Forum, framed the big issues of the day with the same high-minded conviction as the experts in the Davos conference center.

Roche said on Friday that it had begun its unsolicited tender offer of $44.50 a share in cash for the shares of Illumina.

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