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Bid & Ask


Noteworthy expenditures of the week

1. AIG's (AIG) jet leasing unit will pay $11.8 billion for 100 Airbus and 33 Boeing (BA) aircraft. The Airbus order replaces an earlier plan to buy 10 A380 jets.

2. Luxury house LVMH Mo?t Hennessy Louis Vuitton is paying $5.2 billion to add Italian jeweler Bulgari to its lineup. The deal doubles the size of LVMH's watch and jewelry unit.

3. At the close of 2010, Chrysler Group paid out equity shares to executives at a rate that would value the privately held car company at $4.8 billion, making the U.S. government's stake worth $440 million.

4. Flush with cash from soaring Mercedes-Benz sales, Daimler joined Rolls-Royce in a $4.4 billion bid for German manufacturer Tognum as the two seek to push into the heavy-engine market.

5. Japanese manufacturer Hitachi (HIT) agreed to sell its hard-disk-drive unit to Western Digital (WDC) for $4.3 billion, the biggest asset sale in its history.

6. Spanish utility Iberdrola is putting up $3.5 billion to buy back shares in its renewable energy unit. Prices for the shares had fallen nearly 50 percent since their initial offering in 2007.

7. Japan's Terumo will become the largest maker of blood transfusion equipment with the $2.6 billion purchase of Gambro's CaridianBCT unit.

8. Sasol (SSL) made its second foray into Canada's Montney shale basin in the past three months by paying $1.1 billion for a stake in the Cypress A project. The South African company makes motor fuels from coal and gas.

9. Swiss luxury travel company Kuoni Reisen is buying Gullivers Travel Associates from Travelport for $720 million to build its online reservation service.

10. A Zemaitis electric solid-body guitar owned by Eric Clapton fetched $75,640 at a Bonhams auction in New York. It was one of 150 of the rock legend's personal effects in the sale.

Boudway is a reporter for Bloomberg Businessweek.

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