Magazine

Bid & Ask


Noteworthy expenditures of the week

1. Cisco Systems (CSCO), the world's No. 1 maker of networking equipment, added as much as $10 billion to its stock repurchase program, on top of the $72 billion already authorized by the board.

2. Rail-freight company QR National raised $4 billion in the largest initial public offering in Australia in 13 years.

3. Novell (NOVL), the maker of Linux software that has reported sales declines for three of the last four years, agreed to be bought by Attachmate for $2.2 billion.

4. Draka Holding, an Amsterdam-based company that is the world's second-largest cable maker, is at the center of a bidding war that pits Dutch rival Prysmian, offering $1.1 billion, against China's Tianjin Xinmao S&T Investment, offering $1.4 billion.

5. Ohio-based Cardinal Health (CAH) is paying $1.3 billion for Kinray, a closely held New York company that distributes name-brand and generic medicines.

6. Brazilian billionaire Eike Batista has offered slightly more than $1 billion for control of Ventana Gold, a Canadian miner with properties in Colombia.

7. Managed-health-care company Humana (HUM) is buying Concentra, which operates workplace clinics and medical centers across much of the U.S., for $790 million.

8. General Motors sold a $500 million stake to Chinese partner SAIC Motor, cementing ties that have boosted GM's sales in the world's largest auto market.

9. A Japanese real estate investment fund is set to pay $350 million for the building that houses Ralph Lauren's store in Omotesando, one of Toyko's toniest neighborhoods.

10. A vintage Apple 1 computer fetched $213,600 at auction. The 1977 specimen, one of only 200 produced, came with its original packaging, including a signed "thank you" letter from Steve Jobs.


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