Magazine

Bid & Ask


Noteworthy expenditures of the week

1. In what amounts to a bet on the recovery in commercial real estate, Blackstone Group (BX) has offered Australia's Centro Properties Group $9.4 billion for a portfolio of 588 U.S. malls and shopping centers.

2. Ventas (VTR) is paying about $5.7 billion for Nationwide Health Properties in a deal that creates the largest health-care real estate investment trust in the U.S.

3. Pennsylvania utility PPL (PPL) agreed to buy E.ON's power grid in central England for $5.6 billion. PPL already owns 50,000 miles of power lines in Britain.

4. Lundin Mining, a Canadian company with zinc, copper, and lead mines, is weighing a $4.9 billion takeover offer from Australia's Equinox Minerals.

5. The U.S. Treasury will sell $2.7 billion in trust-preferred securities it received through the $17.2 billion rescue of Ally Financial (GJM), formerly known as GMAC.

6. EQT Partners, a buyout fund controlled by Sweden's Wallenberg clan, is offering $1.9 billion for Dometic Group, a maker of refrigerators, stoves, and cooling systems for yachts and motor homes.

7. Russia's Severstal is selling three U.S. steel plants back to New York-based Renco Group for $1.2 billion, roughly $1 billion less than it paid for them in '08.

8. Japan's No. 3 drugmaker, Daiichi Sankyo, is paying as much as $935 million for Plexxikon, a drug discovery company in California, to accelerate its expansion into cancer treatments.

9. Viña Concha y Toro (VCO), Chile's largest wine exporter, plunked down $238 million for California's Fetzer Vineyards, its first acquisition in the U.S.

10. For families that live in the fast lane, Ferrari has introduced the $359,000 FF, a four-seater with four-wheel drive. The Italian carmaker reports that 800 of the cars are already spoken for.

Winter is a reporter for Bloomberg Businessweek.

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