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M&A News: Kinder Morgan, Copano Energy, AT&T, Goldman Sachs

1. No. 1 U.S. pipeline company Kinder Morgan Energy Partners (KMP) will acquire Copano Energy (CPNO) for about $3.2 billion in stock to capitalize on rising natural gas output from shale basins in Texas, Oklahoma, and Wyoming.

2. AT&T (T) will acquire airwaves from larger rival Verizon Wireless for $1.9 billion, adding spectrum in 18 states, including California, Texas, New York, and Florida.

3. Goldman Sachs Group (GS) raised $1 billion from selling 1.35 billion shares in Industrial & Commercial Bank of China (IDCBY), the world’s No. 1 lender by market value.

4. Volvo (VOLVB:SS) is paying $890 million for a minority stake in the commercial vehicle unit of China’s Dongfeng Motor Group to expand in the world’s largest truck market.

5. United Engineers (UEM:SP) of Singapore offered about $549 million for the 61.7 percent of auto, property, and tech conglomerate it doesn’t already own.

6. China’s Sinochem Group agreed to pay Pioneer Natural Resources (PXD) $500 million for a 40 percent stake in about 207,000 acres in the Wolfcamp Shale of Texas. It will also pay $1.2 billion of Pioneer’s future drilling costs.

7. Ingenico (ING:FP), a French provider of point-of-sale terminals and services, will buy online-payment company Ogone for $484 million to add operations in countries including India and the U.S.

8. Royal Philips Electronics (PHG), inventor of the compact disc, is selling its Lifestyle Entertainment unit to Japan’s Funai Electric (6839:JP) for $202 million to focus on high-margin items like light bulbs.

9. Blackstone Group (BX) will sell the Miami Beach Resort to New York investor Joseph Chetrit for $117 million, says a person familiar with the transaction.

10. McKee Foods, which produces Little Debbie snacks, will pay $28 million for Hostess’s Drake’s brand, maker of Devil Dogs and Ring Dings.

Photographs by Nelson Ching/Bloomberg (Dongfeng); Evan-Amos (Ring Ding)
Winter is a reporter for Bloomberg Businessweek in New York.

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