Bid & Ask

Bid & Ask: The Deals of the Week

By on June 21, 2012

Bid & Ask

Bid & Ask: The Deals of the Week

Companies Mentioned

  • WAG

    Walgreen Co

    • $49.61 USD
    • 0.50
    • 1.01%
  • FIG

    Fortress Investment Group LLC

    • $7.45 USD
    • 0.09
    • 1.21%
  • NWSA

    News Corp

    • $33.22 USD
    • 0.36
    • 1.08%
  • MSFT

    Microsoft Corp

    • $34.87 USD
    • 0.79
    • 2.27%
  • RYAAY

    Ryanair Holdings PLC

    • $44.8 USD
    • -0.36
    • -0.8%
  • BPO

    Brookfield Office Properties Inc

    • $18.73 USD
    • -0.19
    • -1.01%
  • APD

    Air Products & Chemicals Inc

    • $94.33 USD
    • 1.56
    • 1.65%
  • WDR

    Waddell & Reed Financial Inc

    • $47.46 USD
    • 0.84
    • 1.77%
  • IDCC

    InterDigital Inc/PA

    • $47.61 USD
    • -0.08
    • -0.17%
  • INTC

    Intel Corp

    • $24.04 USD
    • 0.10
    • 0.42%
  • BID

    Sotheby's

    • $37.12 USD
    • 1.00
    • 2.69%
Market data is delayed at least 15 minutes.

1. Walgreen (WAG) will buy a 45 percent stake in Switzerland-based drugstore operator Alliance Boots for $6.7 billion, with the option of gaining full control in three years. Between them the companies have 11,000 stores in 12 countries.

2. Increasing its original offer by $125 million, Fortress Investment Group (FIG) offered $2.5 billion for the mortgage business of bankrupt Residential Capital, topping a bid by Berkshire Hathaway (BRK.A).

3. Rupert Murdoch’s News Corp. (NWSA) offered $2 billion to double its stake in Australia’s biggest pay-television network, Consolidated Media Holdings (CMJ).

4. Microsoft (MSFT) will purchase Yammer, operator of a social network for businesses, for $1.2 billion, says a person familiar with the matter.

5. In the wake of the consolidation of Europe’s carriers, Dublin-based Ryanair Holdings (RYAAY) will renew attempts to purchase Aer Lingus with a bid valuing its Irish rival at $883 million.

6. Brookfield Office Properties (BPO), owner of New York’s World Financial Center, will buy a portfolio of properties and a development site in the City of London financial district for $812 million.

7. The world’s No. 1 hydrogen producer, Air Products & Chemicals (APD), will buy a 67 percent stake in Chile’s Indura for $707 million to expand in Latin America.

8. CVC Capital Partners, a part-owner of Formula One, sold $500 million of shares in the auto-racing series to Waddell & Reed Financial (WDR). The deal values Formula One at $9.1 billion.

9. InterDigital (IDCC), a wireless-technology developer, agreed to sell about 1,700 patents and patent applications to Intel (INTC) for $375 million.

10. Joan Miró’s 1927 canvas Peinture (Étoile Bleue) fetched $37 million at Sotheby’s (BID) in London. That’s an auction record for the Spanish Catalan artist and the highest price paid for a work of art in London so far this year.

Boots: Jason Alden/Bloomberg Aer Lingus: Aidan Crawley/Bloomberg; Formula One: Don Emmert/AFP/Getty Images; Miro: Sotheby's/Bloomberg
Winter is a reporter for Bloomberg Businessweek in New York.
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