Bid & Ask

M&A News: AIG, Williams, Access Midstream, Barry Callebaut

By on December 13, 2012

Bid & Ask

M&A News: AIG, Williams, Access Midstream, Barry Callebaut

Companies Mentioned

  • AIG

    American International Group Inc

    • $44.31 USD
    • -0.65
    • -1.47%
  • WMB

    Williams Cos Inc/The

    • $37.02 USD
    • -0.73
    • -1.97%
  • ACMP

    Access Midstream Partners LP

    • $44.93 USD
    • 1.06
    • 2.36%
  • BARN

    Barry Callebaut AG

    • $932.5 CHF
    • 4.50
    • 0.48%
  • PETRA

    Petra Foods Ltd

    • $4.21 SGD
    • 0.00
    • 0.0%
  • GILD

    Gilead Sciences Inc

    • $55.93 USD
    • -0.54
    • -0.97%
  • DAL

    Delta Air Lines Inc

    • $18.18 USD
    • 0.05
    • 0.28%
  • TRIP

    TripAdvisor Inc

    • $61.51 USD
    • -0.83
    • -1.35%
  • EXPE

    Expedia Inc

    • $57.68 USD
    • -0.33
    • -0.57%
Market data is delayed at least 15 minutes.

1. A Chinese consortium is paying $4.3 billion for 80.1 percent of American International Group’s (AIG) plane-leasing unit in a bid to profit from growing air travel in Asia. The acquisition will be China’s biggest ever in the U.S.

2. Oklahoma-based Williams (WMB) will purchase a $2.4 billion stake in Access Midstream Partners (ACMP), a tax-free shale pipeline partnership.

3. Switzerland’s Barry Callebaut (BARN), the No. 1 maker of bulk chocolate, is acquiring the cocoa ingredients unit of Singapore’s Petra Foods (PETRA) for $950 million.

4. An investor group led by private equity firm Siris Capital will pay $862 million for Reston (Va.)-based TNS, a provider of data communications for retailers, banks, and telecom companies.

5. Southeast Asia’s top lender, DBS Group Holdings, offered $850 million for a 30 percent stake in Singapore’s Marina Bay Financial Centre Tower 3, where the company is headquartered.

6. Gilead Sciences (GILD), the world’s No. 1 maker of AIDS drugs, will acquire YM BioSciences (YMI) for $510 million to obtain the Canadian company’s research into treatments for bone marrow cancer.

7. Delta Air Lines (DAL) is buying a 49 percent stake in Virgin Atlantic Airways for $360 million to boost its share of the lucrative trans-Atlantic market.

8. John Malone’s Liberty Interactive paid $300 million for 4.8 million shares of TripAdvisor (TRIP), gaining voting control of the online travel review company that was spun out from Expedia (EXPE) last year.

9. A rectangular-cut 50-carat diamond ring by Graff sold for $8.4 million at Christie’s New York Magnificent Jewels auction.

10. On opening day of Art Basel Miami Beach, billionaire Eli Broad snapped up a 1988 Jeff Koons sculpture of Buster Keaton on a horse. The asking price was from $5 million to $5.5 million.

Photographs by Christie's Images Ltd. 2012 (diamond); Alamy (planes); Dinodia Photos/Getty Images (cocoa bean); Marco Secchi/Getty Images (Koons)
Winter is a reporter for Bloomberg Businessweek in New York.
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