Markets & Finance

Bid & Ask


1. Shareholders of British Airways and Iberia Líneas Aéreas de España gave the go-ahead for a $9 billion merger that will extend the U.K. company's dominance of trans-Atlantic routes.

2. Bridas, the oil company owned by Chinese crude producer CNOOC and Argentina's billionaire Bulgheroni family, agreed to pay BP (BP) $7.06 billion for the 60 percent of Pan American Energy it doesn't already own.

3. U.S. buyout fund Lone Star is selling its 51 percent stake in Korea Exchange Bank to Seoul-based Hana Financial Group for $4.1 billion.

4. A KKR-led (KKR) group agreed to acquire Del Monte Foods (DLM) in a $4 billion transaction that will give the buyout firm popular pet-food brands like Milk-Bone.

5. ABB (ABB), the Swiss maker of factory robots and power-transmission gear, will buy Baldor Electric for about $3.1 billion to expand in the North American market for industrial motors and drives.

6. China Huaneng Group, that nation's biggest electricity producer, is paying $1.23 billion for a 50 percent stake in Massachusetts-based power utility InterGen—its biggest overseas acquisition in more than two years.

7. Coty, the seller of perfumes by Sarah Jessica Parker and Vera Wang, agreed to pay $1 billion for nail-care company OPI Products, which gives it entrée into the professional salon market.

8. Spider-Man, the most expensive Broadway musical in history at $60 million, held its first preview at New York's Foxwoods Theater on Nov. 28.

9. Jewels once belonging to the Duchess of Windsor fetched $12.4 million at a Sotheby's auction in London.

10. Stanley Ho, billionaire chairman of Macau-based casino operator SJM Holdings, won two pieces of rare white truffle weighing 2.87 lb. with a bid of $330,000 at a charity auction.


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus