Cosmetic surgery product maker Inamed Corp. said Tuesday its board of directors has concluded that a proposed $3.2 billion takeover bid from Botox maker Allergan Inc. is superior to an earlier offer it had accepted from Medicis Pharmaceutical Corp.

But Santa Barbara-based Inamed said it would remain neutral on the Allergan offer, abstaining from making any recommendations to its shareholders, until its pending pact with Medicis is terminated.

Inamed also said Allergan had put forth a revised offer and agreement that were "materially different" than its initial offer. Under the terms of Allergan's proposal, Inamed can approve and execute the deal any time through Dec. 31. Inamed agreed in March to be acquired by Scottsdale, Ariz.-based Medicis in a cash and stock deal then worth $2.8 billion.

Ford Motor Co. said Tuesday its luxury Jaguar and Land Rover brands will no longer advertise in gay publications, but the nation's second-largest automaker denied that it made the decision under pressure from conservative Christian groups.

Ford spokesman Mike Moran said Jaguar and Land Rover, which are part of Ford's money-losing Premier Automotive Group, have decided to cut back on their advertising everywhere because of difficult market conditions.

With a mixture of vision and nostalgia, the seat owners of the New York Stock Exchange voted Tuesday to acquire Archipelago Holdings Inc., a deal that will transform the 213-year-old Big Board into a for-profit company with new, high-tech trading capabilities.

More than 95 percent of the voting members approved the $9 billion transaction, according to the NYSE. Archipelago shareholders, meeting in Chicago, approved the transaction earlier Tuesday.

United Auto Workers President Ron Gettelfinger said Tuesday he will run for re-election next year despite some workers' grumbling that the UAW isn't doing enough to stop job cuts and benefit losses.

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