Markets & Finance

M&A News: Lufthansa, Orix, HSBC, Great-West Lifeco, TSYS

By on February 21, 2013

Markets & Finance

M&A News: Lufthansa, Orix, HSBC, Great-West Lifeco, TSYS

Companies Mentioned

  • LHA

    Deutsche Lufthansa AG

    • $15.97 EUR
    • -0.17
    • -1.1%
  • EAD

    European Aeronautic Defence and Space Co NV

    • $42.52 EUR
    • 0.51
    • 1.19%
  • BA

    Boeing Co/The

    • $100.0 USD
    • 0.25
    • 0.25%
  • IX

    ORIX Corp

    • $69.32 USD
    • -1.56
    • -2.25%
  • HBC

    HSBC Holdings PLC

    • $55.35 USD
    • -0.91
    • -1.64%
  • GWO

    Great-West Lifeco Inc

    • $28.96 CAD
    • -0.03
    • -0.1%
  • TSS

    Total System Services Inc

    • $23.65 USD
    • 0.05
    • 0.21%
  • NTSP

    Netspend Holdings Inc

    • $15.96 USD
    • -0.01
    • -0.06%
  • ODP

    Office Depot Inc

    • $4.31 USD
    • 0.04
    • 0.93%
  • OMX

    OfficeMax Inc

    • $12.71 USD
    • 0.13
    • 1.02%
  • SPLS

    Staples Inc

    • $14.94 USD
    • -0.10
    • -0.67%
  • SWHC

    Smith & Wesson Holding Corp

    • $9.08 USD
    • -0.01
    • -0.11%
  • RGR

    Sturm Ruger & Co Inc

    • $51.05 USD
    • 0.03
    • 0.06%
Market data is delayed at least 15 minutes.

1. Deutsche Lufthansa (LHA) will buy eight long-range and 100 short- to medium-range aircraft from Airbus (EAD) and Boeing (BA) for about $12 billion.

2. In its largest acquisition, Orix (IX), a Japanese owner of leasing and insurance businesses, will pay $2.6 billion for control of the asset management unit of Dutch lender Rabobank Group.

3. Europe’s No. 1 bank by market value, HSBC Holdings (HBC), is selling its Panama unit to Bancolombia for $2.1 billion in an attempt to revive profit by focusing on fewer, more promising markets.

4. Seeking to expand its European operations, Canadian insurer Great-West Lifeco (GWO) will buy Irish Life Group from Ireland’s government for $1.7 billion.

5. Georgia-based payment processor TSYS (TSS) will acquire prepaid debit-card provider NetSpend (NTSP) for $1.4 billion to tap the market for customers who don’t have traditional bank accounts or credit histories.

6. Office Depot (ODP) will pay $1.2 billion for OfficeMax (OMX), which has been losing sales to online rivals and Staples (SPLS). The companies’ combined revenue will total about $18 billion.

7. The world’s leading provider of drug-trial services to pharmaceutical companies, Quintiles Transnational Holdings, filed to raise $600 million in an IPO in the U.S.

8. 1Malaysia Development, the state investment company also known as 1MDB, plans to buy the country’s coal-fired Jimah power plant for $548 million, says a person familiar with the matter.

9. The California Public Employees’ Retirement System will divest shares worth a combined $5 million in Smith & Wesson Holding (SWHC) and Sturm Ruger (RGR), which both make guns banned in the state.

10. A private collection of John F. Kennedy memorabilia, including his Air Force One leather bomber jacket, fetched nearly $2 million at auction.

Rubber band ball photograph by Creative Crop/Digital Vision/Getty Images
Winter is a reporter for Bloomberg Businessweek in New York.
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