Markets & Finance

M&A News: Japan Tobacco, Elan, Shell, Repsol, KKR, Gardner Denver

By on February 28, 2013

Markets & Finance

M&A News: Japan Tobacco, Elan, Shell, Repsol, KKR, Gardner Denver

Companies Mentioned

  • ELN

    Elan Corp PLC

    • $12.07 USD
    • 0.03
    • 0.25%
  • RDS/A

    Royal Dutch Shell PLC

    • $68.38 USD
    • 0.48
    • 0.7%
  • REP

    Repsol SA

    • $18.3 EUR
    • -0.03
    • -0.16%
  • KKR

    KKR & Co LP

    • $20.91 USD
    • -0.06
    • -0.29%
  • GDI

    Gardner Denver Inc

    • $75.24 USD
    • 0.06
    • 0.08%
  • PGIL

    Polyus Gold International Ltd

    • $203.25 GBp
    • 0.75
    • 0.37%
  • SNP

    China Petroleum & Chemical Corp

    • $110.69 USD
    • -0.53
    • -0.48%
  • CHK

    Chesapeake Energy Corp

    • $20.85 USD
    • 0.05
    • 0.24%
  • PAH

    Pacific Andes Resources Development Ltd

    • $0.14 SGD
    • 0.00
    • 0.74%
  • MSM

    MSC Industrial Direct Co Inc

    • $84.26 USD
    • 0.65
    • 0.77%
  • B

    Barnes Group Inc

    • $30.54 USD
    • 0.14
    • 0.46%
  • PP

    PPR

    • $176.15 EUR
    • 0.45
    • 0.26%
Market data is delayed at least 15 minutes.

1. The Japanese government will sell a stake in Japan Tobacco, maker of Winston and Camel brand cigarettes, for about $10.3 billion to cover reconstruction costs from the country’s 2011 earthquake.

2. RP Management, a London investment firm, has offered to buy Elan (ELN) for about $6.5 billion, challenging the Irish drugmaker’s plan to embark on its own acquisitions.

3. Royal Dutch Shell (RDS/A) will buy liquefied natural gas assets from Spanish oil company Repsol (REP) for $4.4 billion to expand in Latin America and Spain.

4. New York-based buyout firm KKR (KKR) offered about $3.7 billion for industrial equipment maker Gardner Denver (GDI), says a person familiar with the matter.

5. Russian billionaires Zelimkhan Mutsoev and Gavril Yushvaev paid $3.6 billion for Mikhail Prokhorov’s 37.8 percent stake in Polyus Gold International (PGIL), the country’s largest producer of the metal.

6. Beijing-based Sinopec (SNP) will pay $1 billion for a 50 percent stake in 850,000 acres that Chesapeake Energy (CHK) controls in the Mississippi Lime formation. The deal involves drilling rights.

7. Singapore’s Pacific Andes Resources Development (PAH), a supplier of frozen seafood, bid $556 million for Peru’s Copeinca (CPNCF), which produces fish meal and fish oil from anchovy.

8. MSC Industrial Direct (MSM) will pay $550 million for the North American distribution business of Barnes Group (B), a Connecticut company that makes aircraft components.

9. France’s PPR (PP) is selling two digital and catalog retailers of home goods and apparel that form part of its Redcats unit to a fund run by Swedish buyout firm Nordic Capital for $364 million.

10. A blood-stained sock worn by Boston Red Sox pitcher Curt Schilling in the 2004 World Series against the St. Louis Cardinals fetched $92,613 at auction.

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