Bid & Ask: The Deals of the WeekBy
1. Irvine (Calif.)-based Broadcom agreed to buy NetLogic Microsystems for $3.7 billion to gain chips that manage Internet traffic, as demand for online phone calls and video streaming surges.
2. General Electric will pay $3 billion, plus a $300 million premium, on Oct. 17 to buy back preferred stock it sold in 2008 to Warren Buffett’s Berkshire Hathaway.
3. Colfax, a U.S. maker of pumps and valves, bid $2.4 billion for Europe’s biggest welding equipment manufacturer, Charter International, trumping an offer from London-based Melrose.
4. European oil-services company Technip is buying U.S.-based Global Industries for $937 million to expand in the market for subsea oil and gas infrastructure projects.
5. Toronto-based Bank of Nova Scotia plans to acquire a 20 percent stake in closely held Bank of Guangzhou for about $727 million to add branches and deposits in China.
6. Los Angeles-based investment firm Oaktree Capital Management says funds it manages plan to pay $670 million for Jakks Pacific, a maker of action figures and electric toys.
7. Thai Beverage, Thailand’s largest beer and whiskey maker, offered $512 million for Serm Suk, a bottler of PepsiCo beverages.
8. Thailand’s No. 1 coal producer, Banpu, agreed to buy the shares it doesn’t already own in Hunnu Coal, valuing the Australian explorer at $493 million.
9. Britain’s biggest long-distance bus operator, National Express Group, bought Cincinnati-based school bus company Petermann Partners for $200 million to expand its North American fleet by 3,300 vehicles, or 20 percent.
10. Yale University received $25 million from Thomas Steyer, founder of Farallon Capital Management, and his wife, Kathryn Taylor, to help open the school’s Energy Sciences Institute.