Bid & Ask

1. To curb its dependence on painkiller Lidoderm, which goes off patent in 2015, Endo Pharmaceuticals (ENDP) agreed to buy American Medical Systems (AMMD) for $2.9 billion.

2. Level 3 Communications (LVLT) is paying about $1.9 billion for Global Crossing in a deal intended to help the struggling broadband service provider squeeze costs and expand its footprint.