Bid & Ask

Art Market

Maxfield Parrish's 1922 Daybreak fetched $5.2 million at a Christie's auction in New York. The sellers were actor Mel Gibson and his ex-wife, Robyn, who filed for divorce last year. The price was well below the $7.6 million Robyn paid for the painting in 2006, which at the time established an auction record for a Parrish work.


M-Foods Holdings is selling Michael Foods, a maker of specialty egg products and other dairy case products, to affiliates of GS Capital Partners, the private equity arm of Goldman Sachs. The approximately $1.7 billion deal is yet another sign that activity by private equity players is picking up after a two-year lull.


Amount Abbott Laboratories (ABT) is paying for the branded generics business of India's Piramal Healthcare: $3.7bn. Under the terms of the deal, the Illinois-based drugmaker will pay $2.12 billion up front, plus $400 million a year for the next four years. The transaction will give Abbott 7 percent of India's drug market, plus a medicine chest of products to market in the U.S., where efforts to contain health-care costs are driving sales of generics.

Real Estate: $75mn

Asking price on a 90,000-square-foot Florida home with a 20-car garage, reports the Orlando Sentinel. The home, which features a 7,200-square-foot grand hall and a 30-foot-wide stained glass cupola is named Versailles, though unlike the French palace it boasts a bowling alley and roller skating rink. The colossus belongs to time share mogul David Siegel and his wife, Jacqueline, who are the parents of eight children. The broker with the listing, Coldwell Banker Residential Real Estate, says it has fielded inquiries from people around the world.


Hinduja Group, a conglomerate controlled by a pair of Indian billionaires, agreed to buy Luxembourg-based KBL European Private Bankers for $1.7 billion to expand its wealth management business in Europe. KBL has a presence in 10 European countries and close to $60 billion in assets under management.


An unrestored Aston Martin DB4 that was used for the James Bond movie Goldfinger and then languished in a barn for years sold for $120,960 at an auction of vintage Aston Martins in England. The event, which was staged by Bonhams, raised a total of $6.8 million as collectors battled each other for the right to haul off gems from the 1950s and 1960s.


A 1794 so-called Liberty dollar in near-perfect condition sold for $7.9 million, according to the Associated Press. The previous record for a coin was the $7.6 million paid for a 1933 $20 gold piece. About 1,750 of the 1794 Liberty dollars were minted, but only 150 are still in existence. The coin was purchased by the Cardinal Collection Educational Foundation of Sunnyvale, Calif.


What Sinochem will pay Statoil (STO) for a 40 percent stake in Peregrino, a Brazilian offshore oil field: $3.1bn. China's biggest chemicals trader and Norway's largest oil and natural gas company also announced that they will seek joint invesment opportunities in Brazil and elsewhere.


IBM (IBM) is paying $1.4 billion for Sterling Commerce, an Ohio-based maker of software that helps businesses share information. IBM Chief Executive Officer Sam Palmisano has outlined plans to spend $20 billion on takeovers in the next five years.

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