http://www.businessweek.com/magazine/bid-amp-ask-the-deals-of-the-week-07012011.html

Magazine

Bid & Ask: The Deals of the Week


1. Airbus, the world’s No. 1 planemaker, won an order to provide China with 88 A320-series single-aisle aircraft worth $7.5 billion at list prices.

2. Leonard Green & Partners and CVC Capital Partners agreed to buy BJ’s Wholesale Club (BJ) for $2.8 billion, gaining the third-largest warehouse-club chain in America.

3. To lessen its dependence on the U.S. housing market, Stanley Black & Decker (SWK) is acquiring Swedish electronic security systems company Niscayah for $1.2 billion.

4. Sun Art Retail Group, the Chinese hypermarket chain partly owned by France’s Groupe Auchan, plans to raise up to $1.1 billion in a Hong Kong IPO.

5. JPMorgan Asset Management (JPM) will pay about $700 million for Lehman Brothers’ stake in Manhattan’s 200 Fifth Ave., the former International Toy Center, according to two people familiar with the deal.

6. Mexico City-based Coca-Cola Femsa (KOF) will pay $555 million in stock for the Coke bottling unit of Grupo Tampico.

7. Japan’s Sumitomo Metal Industries and Sumitomo are spending $340 million for U.S.-based Steel Wheels Acquisition, the parent company of Standard Steel.

8. News Corp. (NWS) agreed to sell Myspace, its money-losing social network, to online advertising network Specific Media. It will get $35 million and a 5 percent stake in Specific Media. It paid $580 million for Myspace in 2005.

9. Investment fund GSV Capital (GSVC) paid $6.6 million for 225,000 shares of Facebook. The deal values Facebook at about $69 billion. A Goldman Sachs (GS) investment in January valued the social networking site at $50 billion.

10. A Jean-Michel Basquiat self-portrait sold for $3.3 million at a Phillips de Pury sale in London on June 27, five times the price it fetched in 2003.

Cwinter
Winter is a reporter for Bloomberg Businessweek in New York.

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