Markets & Finance

Bid & Ask: The Deals of the Week


1. TonenGeneral Sekiyu is buying 99 percent of partner ExxonMobil’s (XOM) Japanese business, ExxonMobil Yugen Kaisha, for $3.9 billion.

2. The world’s No. 1 maker of power-distribution equipment, Zurich-based ABB (ABB), will pay $3.9 billion for Thomas & Betts (TNB) to boost sales of low-voltage gear in North America.

3. Finland’s Outokumpu is buying ThyssenKrupp’s (TKA:GR) Inoxum stainless steel division in a deal valuing the German unit at about $3.6 billion. ThyssenKrupp will retain a 29.9 percent stake.

4. Eastman Chemical (EMN) will purchase Solutia (SOA), the former chemical unit of Monsanto (MON), for about $3.4 billion to expand in materials for tires and in films used to make windshields and iPads.

5. Andreessen Horowitz, the venture capital firm co-founded by Web pioneer Marc Andreessen, raised $1.5 billion for its third fund. Bloomberg LP is an investor in the firm.

6. Private equity firm TPG Capital will pay about $800 million for GlobeOp Financial Services, adding a company that maintains financial records for hedge funds.

7. Pep Boys—Manny, Moe & Jack (PBY), the auto parts retailer founded in 1921, agreed to be taken private by Gores Group for about $791 million.

8. Chinese construction-equipment maker Sany Heavy Industry and private equity firm Citic PE Advisors will jointly acquire German concrete-pump maker Putzmeister Holding for $475 million.

9. Ryan Seacrest will receive as much as $300 million from Thomas H. Lee Partners and Bain Capital to fund media ventures. Brian Dunkleman weeps.

10. The former head of MF Global, Jon Corzine, has put his 2,400-square-foot Hoboken penthouse, with a jacuzzi and views of the Manhattan skyline, on the market for $2.9 million.

From top: Photographs by Wolfgang von Brauchitsch/Bloomberg; Mark Stehle/AP Photo; Imaginechina/AP Photo; Jason Merritt/Getty Images
Cwinter
Winter is a reporter for Bloomberg Businessweek in New York.

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