Bid & Ask

M&A News: General Electric, Patrizia Immobilien, Lagardère, Bank of Shanghai, Banorte

By on April 11, 2013

Bid & Ask

M&A News: General Electric, Patrizia Immobilien, Lagardère, Bank of Shanghai, Banorte

Companies Mentioned

  • GE

    General Electric Co

    • $22.25 USD
    • 0.10
    • 0.43%
  • LUFK

    Lufkin Industries Inc

    • $88.44 USD
    • 0.18
    • 0.21%
  • GWB

    GBW AG

    • $20.48 EUR
    • -0.51
    • -2.49%
  • HBC

    HSBC Holdings PLC

    • $55.24 USD
    • 0.44
    • 0.8%
  • GFNORTEO

    Grupo Financiero Banorte SAB de CV

    • $91.4 MXN
    • -0.16
    • -0.18%
  • CEQ

    Cermaq ASA

    • $104.0 NOK
    • 18.00
    • 17.31%
  • COP

    Copeinca ASA

    • $59.25 NOK
    • -1.25
    • -2.11%
  • PAH

    Pacific Andes Resources Development Ltd

    • $0.14 SGD
    • 0.00
    • 0.74%
  • BX

    Blackstone Group LP

    • $20.89 USD
    • 0.54
    • 2.56%
  • BBG

    Billabong International Ltd

    • $0.47 AUD
    • -0.01
    • -2.15%
  • SWY

    Safeway Inc

    • $23.4 USD
    • 0.70
    • 2.99%
Market data is delayed at least 15 minutes.

1. General Electric (GE) will pay about $3.3 billion for Texas-based Lufkin Industries (LUFK), which makes machines used in the oil and natural gas industry.

2. Patrizia Immobilien is buying Bayerische Landesbank’s GBW (GWB) unit, an apartment building owner, in a transaction that values GBW at $3.3 billion, including debt.

3. Paris-based media company Lagardère has unloaded its stake in EADS through a share sale valued at about $2.9 billion.

4. Bank of Shanghai, which counts HSBC Holdings (HBC) among its shareholders, plans to seek $2 billion in an initial public offering in Hong Kong, according to two people with knowledge of the matter.

5. Mexico’s No. 3 lender, Grupo Financiero Banorte (GFNORTEO), hopes to raise about $2 billion through a share offering this year, say two people familiar with the plan.

6. Philanthropist and cosmetics mogul Leonard Lauder is donating 78 cubist artworks valued at $1 billion to New York’s Metropolitan Museum of Art. The gift includes 33 works by Picasso.

7. Norwegian fish food producer Cermaq (CEQ) offered to buy rival Copeinca (COP) for $609 million, trumping a previous bid by Pacific Andes Resources Development (PAH).

8. SeaWorld Parks & Entertainment is seeking as much as $540 million in an IPO after its owner, Blackstone Group (BX), rejected takeover bids for the theme park operator.

9. Australian surf wear maker Billabong International (BBG) is in discussions with a group led by Sycamore Partners Management, which bid $300 million for the company.

10. Blackhawk Network Holdings, the gift-card provider owned by grocer Safeway (SWY), plans to raise as much as $220 million in an IPO.

Jet: Bloomberg; Money: Peter Stone/Alamy; Picasso: Leonard A. Lauder Cubist Collection/Artists Rights Society (ARS)(3); Seaworld: George D Lepp/Getty Images
Winter is a reporter for Bloomberg Businessweek in New York.
Business Exchange: What your peers are reading.

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Links

Buy a link now!

blog comments powered by Disqus