Bid & Ask: The Deals of the Week
1. Airbus, the world’s No. 1 planemaker, won an order to provide China with 88 A320-series single-aisle aircraft worth $7.5 billion at list prices.
2. Leonard Green & Partners and CVC Capital Partners agreed to buy BJ’s Wholesale Club for $2.8 billion, gaining the third-largest warehouse-club chain in America.
3. To lessen its dependence on the U.S. housing market, Stanley Black & Decker is acquiring Swedish electronic security systems company Niscayah for $1.2 billion.
4. Sun Art Retail Group, the Chinese hypermarket chain partly owned by France’s Groupe Auchan, plans to raise up to $1.1 billion in a Hong Kong IPO.
5. JPMorgan Asset Management will pay about $700 million for Lehman Brothers’ stake in Manhattan’s 200 Fifth Ave., the former International Toy Center, according to two people familiar with the deal.
6. Mexico City-based Coca-Cola Femsa will pay $555 million in stock for the Coke bottling unit of Grupo Tampico.
7. Japan’s Sumitomo Metal Industries and Sumitomo are spending $340 million for U.S.-based Steel Wheels Acquisition, the parent company of Standard Steel.
8. News Corp. agreed to sell Myspace, its money-losing social network, to online advertising network Specific Media. It will get $35 million and a 5 percent stake in Specific Media. It paid $580 million for Myspace in 2005.
9. Investment fund GSV Capital paid $6.6 million for 225,000 shares of Facebook. The deal values Facebook at about $69 billion. A Goldman Sachs investment in January valued the social networking site at $50 billion.
10. A Jean-Michel Basquiat self-portrait sold for $3.3 million at a Phillips de Pury sale in London on June 27, five times the price it fetched in 2003.