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M&A News: Dell, Liberty Global, Virgin Media, Elan, Biogen

1. In the biggest leveraged buyout since the onset of the financial crisis, Dell (DELL) is going private in a deal valued at $24.4 billion.

2. In a bid to challenge Rupert Murdoch’s in the U.K., John Malone’s Liberty Global (LBTYA), the world’s second-largest cable company, is buying pay-TV provider Virgin Media (VMED:LN) for $16 billion.

3. Irish drugmaker Elan (ELN) is selling its 50 percent stake in the multiple sclerosis drug Tysabri to partner Biogen (BIIB) for $3.25 billion plus future royalties. Elan will seek acquisitions with the proceeds.

4. Looking to add oil production assets, China Petroleum & Chemical (SNP) plans to raise $3.1 billion in its biggest share sale since going public in 2000.

5. Malaysia’s MISC (MISC:MK), the world’s No. 2 shipper of liquefied natural gas, rejected a $2.9 billion buyout offer from Petroliam Nasional, which already owns 63 percent of MISC’s shares.

6. H&R Real Estate Investment Trust and KingSett Capital joined forces in a $2.8 billion offer for Primaris Retail REIT, ending a bidding war for the Canadian shopping mall owner.

7. Pfizer’s animal health unit Zoetis (ZTS) raised $2.2 billion in the biggest IPO since Facebook’s (FB) debut last year. Pfizer (PFE) spun off the company after losing patent protection on its bestseller, Lipitor.

8. Oracle (ORCL) will acquire Acme Packet (APKT) for $2.1 billion, gaining networking gear that helps corporations securely transmit data over the Internet.

9. SABMiller’s (SAB:LN) joint venture in China will pay $851 million for seven breweries and other assets from to boost its share of the world’s top beer market.

10. Amedeo Modigliani’s 1919 portrait of his common-law wife, Jeanne Hébuterne au Chapeau, sold for $42.1 million at a Christie’s sale in London.

Modigliani: Christie's/Bloomberg; Branson: Larry Busacca/Getty Images
Winter is a reporter for Bloomberg Businessweek in New York.
Boudway is a reporter for Bloomberg Businessweek in New York.

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