Markets & Finance
Bid & Ask: The Deals of the Week
4. Warren Buffett’s MidAmerican Energy Holdings utility will pay First Solar (FSLR) $2 billion for its Topaz Solar Farm project, which will be one of the world’s largest photovoltaic power plants.
5. ITC Holdings (ITC) will acquire Entergy’s (ETR) high-voltage power-line business for $1.8 billion in assumed debt, doubling its network to become one of the largest U.S. owners of transmission lines.
6. Luxury brand Michael Kors Holdings aims to raise as much as $792 million from an initial public offering on the New York Stock Exchange.
7. Heineken (HKHHF), the world’s No. 3 brewer, will become one of Britain’s biggest pub owners when it buys 918 pubs it already manages for Royal Bank of Scotland in a $646 million deal.
8. Delta Air Lines (DAL) will pay $100 million for a minority stake in Gol Linhas Aéreas Inteligentes, Brazil’s No. 2 airline by market value. This is Delta’s second investment in a foreign carrier this year.
9. Wisconsin’s Green Bay Packers football team, the only publicly owned franchise in U.S. sports, kicked off a share sale, aiming to raise $62.5 million to help fund a stadium renovation.
10. A Panavision PSR 35mm camera used to film 1977’s Star Wars: Episode IV—A New Hope fetched $624,000 at a Beverly Hills auction, more than three times its pre-sale estimate.