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.

3. Vale (VALE), the Brazilian company that is the world's No. 2 miner, bid $1.1 billion for South African copper producer Metorex as part of its plan to boost output fivefold by 2015.

4. Buyout firm Blackstone Group (BX) is setting up a joint venture with Alta Resources of Houston to invest $1 billion in North American gas fields.

5. Canadian lumber producer TimberWest Forest agreed to sell itself to the Public Sector Pension Investment Board and British Columbia Investment Management for $953 million.

6. Germany's Roth & Rau accepted a $516 million takeover offer from Swiss rival Meyer Burger. The companies will combine their solar-equipment operations to fend off competition from low-cost Chinese manufacturers.

7. Billionaire property developer Stan Kroenke committed $392 million to boost his ownership in Britain's Arsenal soccer club to 63 percent. Kroenke also owns the NBA's Denver Nuggets and the St. Louis Rams of the NFL.

8. Johnson & Johnson (JNJ) will pay $70 million to settle U.S. claims that it bribed doctors in Europe and paid kickbacks in Iraq to sell its products and win contracts.

9. A Soviet space capsule that orbited the Earth 50 years ago fetched $2.9 million at a Sotheby's (BID) auction in New York, setting a record for a spaceship.

10. Costco Wholesale, better known for deals on diapers and dish soap, is selling a $1 million diamond solitaire ring.

    Before it's here, it's on the Bloomberg Terminal.