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Both tasks are likely to prove difficult, as two of the industry's oldest dynasties try to combine major European operations under the gaze of politicians and trade unions who have vowed to resist any move to cut jobs.

Broadcom Chief Executive Hock Tan, who turned a small, chipmaker into a 0 billion company based in Singapore and the United States, told Reuters he would not rule out a proxy fight to convince shareholders to replace the board and accept the offer.

Bucking the trend, shares in gold and energy sectors gained. Western Region Gold rose to the daily limit, while Chifeng Jilong Gold Mining Co surged 6.47 percent.

Both parties recognize that there are still major differences on some issues and they need to continue to intensify their work and make more progress.The two sides agreed to establish a communication mechanism and maintain close communications.

Briefing a press conference, Wang said the CYLC was working closely with the National People's Congress to promote revision to laws on the protection of minors and the prevention of juvenile delinquency.