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Bid & Ask: The Deals of the Week


The maker of Valvoline heads for the medicine cabinet, elaborate pistols top a Hong Kong auction, the island from the BBC's Castaway is up for sale, and more

1. Sealed Air, the maker of Bubble Wrap packaging, agreed to buy cleaning products supplier Diversey Holdings for $4.3 billion.

2. Houston-based Marathon Oil gains leases on 141,00 acres of Texas oil and gas fields with the $3.5 billion purchase of Hilcorp Resources, a venture backed by private equity firm KKR.

3. Ashland (ASH), the maker of Valvoline motor oil, agreed to pay $3.2 billion for International Specialty Products, which makes ingredients used in shampoo, pharmaceuticals, and toothpaste.

4. Intact Financial, Canada's largest property and casualty insurer, is buying French insurer AXA's Canadian business for $2.7 billion.

5. South African antitrust authorities approved Wal-Mart's (WMT) $2.4 billion offer for a controlling stake in wholesaler Massmart Holdings on the condition that no jobs are cut for two years.

6. In its biggest deal since acquiring IBM's PC business more than six years ago, China's Lenovo Group is offering $671 million for German electronics manufacturer Medion.

7. Jones Lang LaSalle (JLL) will become the largest real estate broker in the U.K. with the $324 million purchase of London-based firm King Sturge.

8. Boston-based private equity firm Thomas H. Lee Partners is buying a minority stake in First BanCorp for $180 million. The Puerto Rico-based bank, a TARP participant, is selling shares to meet capital requirements.

9. A pair of singing-bird pistols made of gold and inlaid with diamonds and pearls sold for $5.8 million at a Christie's auction in Hong Kong.

10. Taransay, the uninhabited, 3,474-acre Scottish island featured in the BBC reality series Castaway 2000, is for sale at an asking price of $3.3 million.

Boudway is a reporter for Bloomberg Businessweek.

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