Bid & Ask

Bid & Ask: The Deals of the Week

By on March 01, 2012

Bid & Ask

Bid & Ask: The Deals of the Week

Companies Mentioned

  • APO

    Apollo Global Management LLC

    • $26.25 USD
    • 0.40
    • 1.52%
  • BX

    Blackstone Group LP

    • $20.78 USD
    • 0.43
    • 2.07%
  • CQP

    Cheniere Energy Partners LP

    • $26.95 USD
    • -0.05
    • -0.19%
  • KBC

    KBC Groep NV

    • $30.4 EUR
    • 0.60
    • 1.97%
  • ABT

    Abbott Laboratories

    • $37.06 USD
    • 0.17
    • 0.46%
  • GLPG

    Galapagos NV

    • $19.56 EUR
    • -0.29
    • -1.48%
  • LINE

    Linn Energy LLC

    • $38.38 USD
    • 0.04
    • 0.1%
  • BP

    BP PLC

    • $43.53 USD
    • 0.21
    • 0.48%
  • MSI

    Motorola Solutions Inc

    • $56.89 USD
    • 0.52
    • 0.91%
  • BXP

    Boston Properties Inc

    • $109.06 USD
    • 0.35
    • 0.32%
  • BAC

    Bank of America Corp

    • $12.19 USD
    • 0.05
    • 0.41%
Market data is delayed at least 15 minutes.

1. A group led by Apollo Global Management (APO) is acquiring El Paso Corp.’s (EP) oil and natural gas exploration business for $7.2 billion.

2. CVC Capital Partners, the buyout firm that owns Formula One, is paying $2.4 billion for Stockholm-based Ahlsell to expand into the wholesale supply of tools, machinery, and building products.

3. Blackstone Group (BX) will invest $2 billion in a $10 billion natural gas liquefication plant being planned by Cheniere Energy Partners (CQP), operator of the largest U.S. natural-gas-import terminal.

4. Thailand’s only listed oil and gas explorer, PTT Exploration & Production, bid $1.7 billion for African explorer Cove Energy (COV), trumping an offer from Royal Dutch Shell (RDS.A).

5. Banco Santander (STD) is buying KBC Groep’s (KBC)Kredyt Bank (KRB) in a transaction that values the bank at $1.4 billion. Santander will combine Kredyt with its own Polish unit.

6. Abbott Laboratories (ABT) will pay Galápagos (GLPG) as much as $1.4 billion for rights to an experimental drug for rheumatoid arthritis.

7. Houston-based Linn Energy (LINE) will pay $1.2 billion for BP’s (BP) natural gas holdings in the Hugoton Basin in Kansas. BP plans to sell assets worth $38 billion by the end of next year.

8. Motorola Solutions (MSI), which split in two a year ago following pressure from investors led by Carl Icahn, repurchased $1.2 billion of its stock from the billionaire investor and some of his affiliates.

9. Boston Properties (BXP) is buying Bank of America’s (BAC) skyscraper at 100 Federal St. in Boston for $615 million, adding to a portfolio that includes the John Hancock Tower and Prudential Center.

10. A collection of 15 Oscar statuettes sold for more than $3 million at auction. The Best Original Screenplay Oscar won by Herman Mankiewicz for Citizen Kane fetched $588,000.

Bloomberg (3)
Winter is a reporter for Bloomberg Businessweek in New York.
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