Markets & Finance

M&A News: CP All, Votorantim Cimentos, AIG, Kroton Educacional


1. In Asia’s biggest takeover this year, billionaire Dhanin Chearavanont’s CP All (CPALL-R:TB), which operates convenience stores in Thailand, offered about $6.6 billion for discount retailer Siam Makro.

2. Brazil’s No. 1 cement producer Votorantim Cimentos plans to raise as much as $5.4 billion in an IPO.

3. Chinese investors led by New China Trust Chairman Weng Xianding will pay $4.8 billion for a 90 percent stake in American International Group’s (AIG) plane-leasing unit, say two people familiar with the deal.

4. Brazil’s Kroton Educacional (KROT3:BZ) is buying Anhanguera Educacional (AEDU3:BZ) for $2.5 billion in an all-stock deal that will create the world’s biggest for-profit education company.

5. Georgia-Pacific, the U.S. paper and pulp producer controlled by the Koch brothers, will pay $1.5 billion for Buckeye Technologies (BKI), which makes specialty fibers from wood and cotton.

6. Switzerland’s ABB (ABB) will pay about $1 billion to acquire Power-One (PWER), a U.S. maker of equipment used to connect solar power sources to the electricity grid.

7. Europe’s No. 2 insurer, Paris-based Axa, will purchase a 50 percent stake in Chinese auto insurer Tian Ping for about $631 million.

8. Miami-based Opko Health (OPK) is buying Israeli drugmaker Prolor Biotech (PBTH) for about $480 million to combine two companies that count U.S. pharmaceutical billionaire Phillip Frost as their largest shareholder.

9. New Jersey-based Honeywell (HON) will acquire gas-detection company RAE Systems for $340 million.

10. An auction of furniture and fixtures from Paris’ historic Hôtel de Crillon raised $7.8 million, six times the starting prices. The 100-year-old hotel, where Madonna and the Shah of Iran have stayed, will use the money for a two-year renovation.

Books: Hudiemm/Getty Images; Bills: D. Hurst/Alamy; Concrete: Sylvia Schug/Getty Images; AIG: Jin Lee/Bloomberg; Crillon: Remy De La Mauviniere/AP Photo
Cwinter
Winter is a reporter for Bloomberg Businessweek in New York.

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