Markets & Finance

Bid & Ask: The Deals of the Week

By on September 13, 2012

Markets & Finance

Bid & Ask: The Deals of the Week

Companies Mentioned

  • CHK

    Chesapeake Energy Corp

    • $21.67 USD
    • 0.01
    • 0.05%
  • PXP

    Plains Exploration & Production Co

    • $48.97 USD
    • -0.05
    • -0.1%
  • BP

    BP PLC

    • $43.52 USD
    • -0.21
    • -0.48%
  • MS

    Morgan Stanley

    • $24.35 USD
    • 0.10
    • 0.41%
  • C

    Citigroup Inc

    • $50.52 USD
    • -0.01
    • -0.02%
  • HES

    Hess Corp

    • $67.48 USD
    • -0.56
    • -0.83%
  • AMKBY

    AP Moeller - Maersk A/S

    • $14.64 USD
    • 0.00
    • 0.0%
  • ARA

    ARA Asset Management Ltd

    • $1.92 SGD
    • 0.01
    • 0.26%
  • HRELY

    Haier Electronics Group Co Ltd

    • $86.18 USD
    • -1.62
    • -1.88%
  • INFY

    Infosys Ltd

    • $41.8 USD
    • -0.66
    • -1.58%
Market data is delayed at least 15 minutes.

1. Chesapeake Energy (CHK) will sell assets including portions of oil and natural gas fields in Texas and New Mexico for $6.9 billion.

2. In a deal doubling its crude production, Houston-based Plains Exploration & Production (PXP) will acquire BP’s (BP) and Royal Dutch Shell’s (RDS.A) stakes in a group of Gulf of Mexico oil fields for $6.1 billion.

3. Morgan Stanley (MS) will pay Citigroup (C) $1.9 billion for an additional 14 percent stake in Morgan Stanley Smith Barney, their brokerage joint venture. It will pay $4.73 billion for the remaining 35 percent by 2015. The deal values Smith Barney at $13.5 billion.

4. Canada’s largest security company, Garda World Security (GW), agreed to be taken private in a $1.1 billion deal led by its founder and CEO Stéphan Crétier.

5. India’s state-owned energy explorer Oil and Natural Gas Corp. will pay Hess (HES) $1 billion for a stake in Azerbaijan’s largest oil fields and an associated pipeline.

6. Danish shipping group A.P. Moeller-Maersk (AMKBY) is buying a 37.5 percent stake in Russia’s No. 1 container-terminal operator for about $860 million.

7. ARA Asset Management (ARA), the property company backed by billionaire Li Ka-shing, is seeking about $649 million in the first dual-currency—yuan and Singapore dollar—IPO in Singapore, say two people with knowledge of the matter.

8. Haier Group (HRELY) bid $564 million for New Zealand’s Fisher & Paykel Appliances Holdings (FPA), as China’s No. 1 appliance maker expands globally.

9. Indian software exporter Infosys (INFY) will purchase Swiss management consulting company Lodestone Holding for $349 million to diversify its business.

10. A 21-acre island off Ireland’s west coast that once belonged to John Lennon is on sale for $384,000. The Beatle reportedly paid $2,700 for the property in 1967 and hoped to retire there.

Clockwise, from top left: Alamy; Munshi Ahmed/Bloomberg; Andrew Harrer/Bloomberg; Evening Standard/Getty Images; Andrew Crowley/Bloomberg
Winter is a reporter for Bloomberg Businessweek in New York.
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