Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Bid & Ask

M&A News: Actavis, Verizon Wireless, Commerzbank, Itau Unibanco, China Galaxy

1. Actavis (ACT) rejected a $15 billion cash-and-stock offer from fellow generic drugmaker Mylan (MYL) to pursue a takeover of Warner Chilcott (G3LA:GR), say people familiar with the matter.

2. Verizon Wireless, the mobile-phone joint venture of Verizon Communications (VZ) and Vodafone Group (VOD), plans to pay a $7 billion dividend to its co-owners. Verizon will get $3.85 billion and Vodafone $3.15 billion.

3. Germany’s Commerzbank (CBK:GR) will raise $3.3 billion by selling shares to help repay debt from its government bailout.

4. Latin America’s No. 1 bank by market value, Itaú Unibanco Holding (ITUB), is buying Citigroup’s (C) Credicard unit for $1.4 billion, gaining an additional 10 percent share of Brazil’s card market.

5. China Galaxy Securities, a brokerage controlled by the country’s sovereign wealth fund, raised about $1.1 billion in a Hong Kong IPO, say two people with knowledge of the matter.

6. China XD Group, a state-controlled power-equipment maker, is in talks to buy Prolec GE Internacional for as much as $1 billion, say three people with knowledge of the discussions.

7. In hopes of persuading shareholders to spurn a takeover bid by Royalty Pharma, Elan (ELN) will pay GlaxoSmithKline (GSK) $1 billion for a 21 percent share of future royalties from four Theravance (THRX) respiratory drugs.

8. Constellium Holdco, a Dutch specialty aluminum-product maker controlled by Apollo Global Management (APO), plans to raise as much as $422 million in an IPO.

9. ATK (ATK), a maker of aerospace and defense products, will pay $315 million for Caliber Co., parent of Savage Sports, a maker of hunting rifles and shotguns.

10. The winning bid for an hour-long coffee date with Apple (AAPL) CEO Tim Cook closed at $610,000, more than 12 times the charity event’s pre-auction estimate of $50,000.

Alamy(2); AP Photo; Getty
Winter is a reporter for Bloomberg Businessweek in New York.

blog comments powered by Disqus