Bid & Ask: The Deals of the Week
1. To expand beyond a lagging domestic market, Japan’s No. 3 mobile operator, SoftBank, is buying a 70 percent stake in Sprint Nextel for $20.1 billion, looking to challenge Verizon and AT&T.
2. ExxonMobil will add to its Canadian portfolio by paying $2.9 billion for Calgary-based Celtic Exploration and its fields in Alberta’s Montney and Duvernay shale.
3. Netherlands-based ASML, an equipment supplier to chipmakers including Intel and Samsung, is buying Cymer for $2.6 billion to help meet demand for more advanced technology.
4. As part of an effort to pay down more than $75 billion in debt, Madrid-based phone operator Telefónica is seeking to raise $2.2 billion in a public offering a portion of its German unit.
5. Ecolab, a water treatment company, will pay $2.2 billion for Champion Technologies, which specializes in chemicals used in oil production.
6. Buyout firm Advent International is offering $1.9 billion for German retailer Douglas Holding, bringing a takeover closer after years of talks.
7. Financial Times publisher and Penguin Group owner Pearson will pay $650 million in cash for EmbanetCompass, an online learning provider for colleges and universities.
8. French jet engine maker Safran is buying United Technologies’ power systems unit, Goodrich, for $400 million, a move it says will eliminate the need for a decade of research.
9. Two 1941 Chinese postage stamps bearing the image of revolutionary leader Sun Yat-sen sold for $709,000 at an auction in Hong Kong, setting a record for a Republic of China stamp.
10. An original copy of the 1989 document that banned baseball’s all-time hits leader Pete Rose from the sport for gambling is up for auction with a starting bid of $100,000.