Markets & Finance

Bid & Ask


1. Petronas Chemicals, the petro-chemicals unit of Malaysia's state oil company, hopes to raise as much as $4 billion in what would be the Southeast Asian nation's biggest initial public offering.

2. Pfizer (PFE) is paying $3.6 billion for Bristol (Tenn.)-based King Pharmaceuticals (KG) to expand its roster of pain relief products.

3. Koor Industries reached an understanding with China National Chemical to take Makteshim Agan Industries private in a deal valued at $1.9 billion. Israel's Makhteshim Agan is the world's No. 1 maker of non-patented agrochemicals.

4. Children's apparel retailer Gymboree (GYMB) agreed to be acquired by Bain Capital for $1.8 billion.

5. New Jersey plans to issue $1.4 billion in bonds to replenish the state's infrastructure account. Governor Chris Christie's administration has suspended 100 projects because of a lack of cash.

6. Canada's Talisman Energy is paying $1.3 billion for a patch of the Eagle Ford Shale in Texas, an area rich in natural gas liquids, such as propane and butane.

7. Electrolux offered $433.8 million for Olympic Group for Financial Invesments, a maker of household appliances that has a 30 percent share of the fast-growing Egyptian market.

8. DeNA, a Japanese social media website operator, is paying $303 million for Ngmoco, a U.S. developer of iPhone apps, including the popular We Farm and We Rule games.

9. Energizer Holdings (ENR) is buying American Safety Razor, a maker of private-label razors and blades, for $301 million.

10. A Chinese art collector's $32.6 million winning bid for an Imperial vase helped push Sotheby's (BID) total for its week-long Hong Kong sale of wine, jewelry, watches, modern art, and antiquities to a record $398 million.

Lindblad_190
Lindblad is an associate news editor for Bloomberg Businessweek.

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