Bid & Ask: The Deals of the Week
1. Billionaire investor Carl Icahn, campaigning to oust the the board of Clorox and put the company up for sale, says he would pay $10.3 billion for it if no other buyer emerged.
2. Bank of America is selling about half its stake in China Construction Bank for $8.3 billion, booking a $3.3 billion gain and bolstering capital ahead of new international standards.
3. Australia’s Macarthur Coal agreed to be bought by ArcelorMittal, the world’s No. 1 steelmaker, and Peabody Energy after they sweetened their offer to $5.2 billion, from about $4.1 billion.
4. Chinese machinery maker Sany Heavy Industry aims to start trading in Hong Kong in early October after a $3 billion share sale, say two people with knowledge of the matter.
5. AuRico Gold, which mines the precious metal in Mexico, will pay $1.5 billion for Northgate Minerals to add production in Canada and Australia.
6. Greece’s No. 3 lender, Alpha Bank, is buying No. 2 EFG Eurobank Ergasias for stocks valued at about $1.1 billion, as it copes with the country’s deep recession and sovereign debt crisis.
7. Seamless-steel-pipe maker Tenaris plans to acquire the outstanding shares in its Brazilian Confab Industrial unit that it doesn’t already own for about $780 million.
8. Cameco, Canada’s largest uranium producer, bid $529 million for Vancouver (B.C.)-based Hathor Exploration to acquire the company’s Roughrider deposit in Saskatchewan.
9. Malaysia-based holding company Sime Darby agreed to buy 30 percent of property developer Eastern & Oriental for $257 million.
10. Sina, owner of China’s third most popular website, paid $66.4 million for a stake in Shanghai-based Tudou Holdings to boost its investments in online video services.