Bid & Ask: The Deals of the Week

Noteworthy expenditures of the week
Bloomberg (3)

1. China National Biotec Group, the country’s largest biotechnology company, plans to seek as much as $2 billion in a Hong Kong IPO, say two people with knowledge of the deal.

2. Japan’s No. 1 brewer, Kirin Holdings, will pay $1.4 billion for a 49.5 percent stake in Brazilian beermaker Schincariol Participações e Representações, as beer sales in Japan slump.

3. Minnesota-based Best Buy agreed to pay $1.3 billion for Carphone Warehouse Group’s stake in their U.S. mobile phone joint venture.

4. Goldman Sachs raised $1.1 billion by selling 1.75 billion shares of Industrial & Commercial Bank of China, the world’s largest lender by stock value, say two people familiar with the matter.

5. As part of a debt-reduction plan, Plains Exploration & Production will sell oil and natural-gas assets in Texas and Oklahoma for $785 million. Buyers include Houston-based Linn Energy.

6. Investors led by Siris Capital Group, the private-equity firm spun off from SAC Capital Advisors in February, agreed to buy mobile Internet services company Tekelec for about $780 million.

7. Bank of America is selling its stake in the biggest U.S. Pizza Hut franchisee, NPC International, to Olympus Partners for about $775 million, say two people familiar with the deal.

8. Delphi Automotive hopes to raise $578 million in an IPO that would value the Michigan-based parts maker, a former General Motors unit, at as much as $7.9 billion.

9. Landry’s, owner of the Rainforest Cafe and Bubba Gump Shrimp chains, is snapping up Portland (Ore.)-based McCormick & Schmick’s Seafood Restaurants for about $132 million.

10. Roy Lichtenstein’s 1961 painting, I Can See the Whole Room! … and There’s Nobody in It! sold for $43 million at Christie’s, an auction record for the artist.

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