Markets & Finance

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

By on April 25, 2013

Markets & Finance

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

Companies Mentioned

  • CPALL-R

    CP ALL PCL

    • $41.5 THB
    • -2.50
    • -6.02%
  • AIG

    American International Group Inc

    • $42.22 USD
    • 1.03
    • 2.44%
  • KROT3

    Kroton Educacional SA

    • $28.91 BRL
    • 0.91
    • 3.15%
  • AEDU3

    Anhanguera Educacional Participacoes SA

    • $12.16 BRL
    • -23.84
    • -196.05%
  • BKI

    Buckeye Technologies Inc

    • $37.59 USD
    • -0.01
    • -0.03%
  • ABB

    ABB Ltd

    • $22.31 USD
    • -0.03
    • -0.13%
  • PWER

    Power-One Inc

    • $6.34 USD
    • 0.02
    • 0.32%
  • OPK

    Opko Health Inc

    • $6.6 USD
    • 0.19
    • 2.88%
  • PBTH

    PROLOR Biotech Inc

    • $6.26 USD
    • 0.11
    • 1.76%
  • HON

    Honeywell International Inc

    • $73.77 USD
    • 1.24
    • 1.68%
Market data is delayed at least 15 minutes.

1. In Asia’s biggest takeover this year, billionaire Dhanin Chearavanont’s CP All (CPALL-R), 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) is buying Anhanguera Educacional (AEDU3) 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
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