Markets & Finance

Bid & Ask: The Deals of the Week

By on October 20, 2011

Markets & Finance

Bid & Ask: The Deals of the Week

Companies Mentioned

  • KMP

    Kinder Morgan Energy Partners LP

    • $87.75 USD
    • -0.45
    • -0.51%
  • STO

    Statoil ASA

    • $22.76 USD
    • 0.33
    • 1.45%
  • APU

    AmeriGas Partners LP

    • $46.75 USD
    • -0.13
    • -0.28%
  • GFSZY

    G4S PLC

    • $18.7 USD
    • -0.30
    • -1.58%
  • ALU

    Alcatel-Lucent/France

    • $1.48 USD
    • 0.04
    • 2.7%
  • RHHBF

    Roche Holding AG

    • $264.0 USD
    • 2.00
    • 0.76%
Market data is delayed at least 15 minutes.

1. Houston-based Kinder Morgan (KMP) agreed to buy El Paso Corp. for $21.1 billion in a deal that will create the largest natural-gas pipeline network in the U.S.

2. Norway’s No. 1 oil company, Statoil (STO), is acquiring Brigham Exploration for about $4.4 billion, snapping up U.S. shale assets to make up for declining North Sea production.

3. Retail propane distributor AmeriGas Partners (APU) will buy the propane operations of Energy Transfer Partners for $2.8 billion in cash and stock, adding more than 1 million customers.

4. G4S (GFSZY) will pay $2.4 billion for ISS to establish the world’s biggest provider of bundled contracts for office maintenance and security services. G4S will assume ISS’s $5.9 billion of debt.

5. A group led by Chen Tianqiao, chairman and CEO of Chinese online game operator Shanda Interactive Entertainment (SNDA), bid $2.3 billion for the company’s shares it doesn’t already own.

6. France’s No. 1 telecommunications equipment supplier Alcatel-Lucent (ALU) will sell its Genesys call-center software unit to private equity firm Permira Advisers for $1.5 billion.

7. Steinhoff, Africa’s largest furniture maker, is selling subsidiaries, including a supply-chain business, in exchange for shares in KAP International. The $1.1 billion deal will give Steinhoff control of KAP International.

8. Super Retail Group, an Australian owner of camping and auto-parts stores, agreed to pay $630 million for sporting goods retailer Rebel Group.

9. Switzerland’s Roche (RHHBF) will buy San Diego-based Anadys Pharmaceuticals for about $230 million to build its portfolio of experimental hepatitis C drugs.

10. Gerhard Richter’s 1982 painting Kerze (Candle) fetched $16.6 million at a Christie’s sale, an auction record for the artist, who says the price is “as absurd as the banking crisis.”

Bottle: Dorling Kindersley/Getty Images; Richter: Christie's/Bloomberg
Winter is a reporter for Bloomberg Businessweek in New York.
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