Bid & Ask

Bid & Ask: The Deals of the Week


1. Malaysia’s No. 1 oil and gas services company, SapuraKencana Petroleum (SAKP:MK), is buying oil rig operations from Norwegian deepwater drilling company Seadrill (SDRL) for $2.9 billion.

2. Seeking to reverse a decline in its oil reserves, China Petroleum & Chemical (SNP) signed a preliminary deal with Total (TOT) to purchase stakes in Nigerian onshore oil properties for about $2.4 billion, say two people familiar with the deal.

3. RedPrairie, backed by private equity firm New Mountain Capital, will acquire JDA Software Group (JDAS) for $1.9 billion in a deal that will merge the two providers of corporate supply chain management software.

4. Canada’s Crescent Point Energy (CPG:CN) will pay $784 million for Ute Energy Upstream Holdings, which is 51 percent-owned by the Ute Indian Tribe.

5. U.K. insurer Prudential (PUK) is buying the life insurance business of Thanachart Bank for as much as $590 million.

6. St. Louis-based Stifel Financial (SF) will acquire KBW (KBW), the broker-dealer and investment bank, in a cash-and-stock transaction valued at $575 million.

7. Nike (NKE) is in final negotiations to sell its Cole Haan fashion brand to Apax Partners for about $500 million, according to a person familiar with the talks.

8. Private Medicare insurer Humana (HUM) will buy health-care company Metropolitan Health Networks (MDF) for about $500 million, as the company expands beyond paying claims into delivering care.

9. Inergy Midstream (NRGM) is paying $425 million for closely held Rangeland Energy in a deal that will give the company, based in Kansas City, Mo., access to North Dakota’s fast-growing Bakken field.

10. Hedge fund manager Philip Falcone’s Harbinger Group (HRG) is buying a stake in U.S. natural gas fields from Exco Resources (XCO) for $373 million, betting on a rebound for the fuel.

Photographs by Bloomberg (1); Getty Images (3)
Cwinter
Winter is a reporter for Bloomberg Businessweek in New York.

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