Bid & Ask
Bid & Ask
1. Russia’s state-run oil company Rosneft (ROSN) will buy TNK-BP (TNBP:RU), a 50-50 venture between BP (BP) and a group of billionaires, for $55 billion. After the deal, Rosneft’s output will match ExxonMobil’s (XOM).
3. Royal Bank of Canada (RY), the nation’s largest lender, will pay $4.1 billion for Ally Financial’s Canadian auto finance and deposit business.
4. Japanese mobile operator KDDI is partnering with Sumitomo (SSUMY) to buy the 30 percent of Jupiter Telecommunications they don’t already own for $2.7 billion. Each will own half of Jupiter.
5. London private equity firm Permira Advisers will buy Ancestry.com, the world’s largest family history website, for $1.6 billion in a bid to expand the business in Europe.
6. Dublin-based Experian (EXPN:LN), the world’s largest credit checking company, will pay $1.5 billion for the 30 percent of its Brazilian unit, Serasa, that it doesn’t already own.
7. Halcón Resources is buying 81,000 acres of North Dakota oil and gas fields from Petro-Hunt for $1.5 billion. The fields produce the equivalent of more than 10,500 barrels of oil per day.
9. Facing tough conditions in the U.K. and its home market of Ireland, C&C Group (CCR:LN), maker of Magners cider, will buy Vermont Hard Cider, maker of Woodchuck Hard Cider, for $305 million.
10. Nike (NKE) is selling U.K.-based apparel maker Umbro to Iconix Brand Group (ICON) for $225 million. It paid $484 million for the company in 2008. Nike is also trying to sell its Cole Haan (NKE) dress-shoe stores.