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M&A News: Japan Tobacco, Elan, Shell, Repsol, KKR, Gardner Denver

1. The Japanese government will sell a stake in Japan Tobacco, maker of Winston and Camel brand cigarettes, for about $10.3 billion to cover reconstruction costs from the country’s 2011 earthquake.

2. RP Management, a London investment firm, has offered to buy Elan (ELN) for about $6.5 billion, challenging the Irish drugmaker’s plan to embark on its own acquisitions.

3. Royal Dutch Shell (RDS/A) will buy liquefied natural gas assets from Spanish oil company Repsol (REP:SM) for $4.4 billion to expand in Latin America and Spain.

4. New York-based buyout firm KKR (KKR) offered about $3.7 billion for industrial equipment maker Gardner Denver (GDI), says a person familiar with the matter.

5. Russian billionaires Zelimkhan Mutsoev and Gavril Yushvaev paid $3.6 billion for Mikhail Prokhorov’s 37.8 percent stake in Polyus Gold International (PGIL:LN), the country’s largest producer of the metal.

6. Beijing-based Sinopec (SNP) will pay $1 billion for a 50 percent stake in 850,000 acres that Chesapeake Energy (CHK) controls in the Mississippi Lime formation. The deal involves drilling rights.

7. Singapore’s Pacific Andes Resources Development (PAH:SP), a supplier of frozen seafood, bid $556 million for Peru’s Copeinca (CPNCF), which produces fish meal and fish oil from anchovy.

8. MSC Industrial Direct (MSM) will pay $550 million for the North American distribution business of Barnes Group (B), a Connecticut company that makes aircraft components.

9. France’s PPR (PP:FP) is selling two digital and catalog retailers of home goods and apparel that form part of its Redcats unit to a fund run by Swedish buyout firm Nordic Capital for $364 million.

10. A blood-stained sock worn by Boston Red Sox pitcher Curt Schilling in the 2004 World Series against the St. Louis Cardinals fetched $92,613 at auction.

Photographs by Bloomberg (3); Getty Images (3)
Winter is a reporter for Bloomberg Businessweek in New York.

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