Bid & Ask

Bid & Ask: The Deals of the Week

By on May 03, 2012

Bid & Ask

Bid & Ask: The Deals of the Week

Companies Mentioned

  • ETP

    Energy Transfer Partners LP

    • $47.6 USD
    • -1.25
    • -2.63%
  • HOLX

    Hologic Inc

    • $19.92 USD
    • -0.34
    • -1.71%
  • 3988

    Bank of China Ltd

    • $3.66 HKD
    • 0.04
    • 1.09%
  • 939

    China Construction Bank Corp

    • $6.51 HKD
    • 0.04
    • 0.61%
  • WWW

    Wolverine World Wide Inc

    • $48.28 USD
    • 0.60
    • 1.24%
  • MCHP

    Microchip Technology Inc

    • $36.61 USD
    • 0.51
    • 1.39%
  • ASNA

    Ascena Retail Group Inc

    • $18.38 USD
    • 0.21
    • 1.14%
  • DAL

    Delta Air Lines Inc

    • $17.49 USD
    • 0.65
    • 3.72%
  • COP

    ConocoPhillips

    • $60.96 USD
    • 0.95
    • 1.56%
Market data is delayed at least 15 minutes.

1. Dallas-based Energy Transfer Partners (ETP), owner of about 23,500 miles of natural gas pipelines, is buying Sunoco (SUN) for $5.3 billion to gain oil terminals and transportation assets.

2. Massachusetts medical device maker Hologic (HOLX) will acquire California’s GenProbe (GPRO) for about $3.7 billion to add blood screening products and tests for sexually transmitted diseases.

3. Temasek Holdings is selling a total of about $2.4 billion of shares in Bank of China (3988) and China Construction Bank (939) in Hong Kong, according to term sheets obtained by Bloomberg News.

4. Wolverine Worldwide (WWW), Golden Gate Capital, and Blum Capital Partners are buying Collective Brands (PSS) in a transaction valued at about $2 billion, and splitting up Collective’s businesses, which include Saucony and Keds.

5. Terra Firma Capital Partners is buying U.K. nursing-home operator Four Seasons Health Care for $1.3 billion.

6. Private equity firm Centerbridge Partners will pay about $1.1 billion for P.F. Chang’s China Bistro (PFCB), the biggest full-service Asian restaurant operator in the U.S.

7. Arizona-based semiconductor maker Microchip Technology (MCHP) is buying rival Standard Microsystems (SMSC) for about $939 million.

8. Ascena Retail Group (ASNA), owner of Dressbarn, Maurices, and Justice clothing stores, will acquire Charming Shoppes (CHRS) for $890 million, gaining the Lane Bryant chain that specializes in women’s plus-size apparel.

9. Delta Air Lines (DAL) is buying a refinery near Philadelphia from ConocoPhillips (COP) for $150 million. The carrier hopes to save $300 million on its annual fuel bill.

10. A blue flannel New York Yankees baseball cap worn by Babe Ruth in the 1930s is on the block. It is worth $400,000, according to SCP Auctions, which is handling the sale.

Sunoco: John Harrelson/Getty Images; Delta: Erik S. Lesser/Bloomberg; Ruth: Mark Rucker/Transcendental Graphics/Getty Images
Winter is a reporter for Bloomberg Businessweek in New York.
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