Bid & Ask: The Deals of the Week
1. Walt Disney agreed to buy George Lucas’s Lucasfilm for $4.1 billion in cash and stock, adding Star Wars and Indiana Jones to a film library that includes Iron Man and Finding Nemo.
2. The board of Wisconsin-based truck maker Oshkosh rejected a $3 billion unsolicited takeover bid from its billionaire activist director Carl Icahn, calling it too low.
3. PVH, the owner of the Tommy Hilfiger brand, agreed to buy Warnaco Group in a $2.9 billion transaction, bringing all Calvin Klein-branded apparel under one roof.
4. Telefónica Deutschland Holding, the German unit of Spain’s No. 1 phone company, raised about $1.9 billion in Europe’s biggest IPO of the year, valuing the carrier at about $8.1 billion.
5. McKesson, the No. 1 U.S. drug distributor, will acquire PSS World Medical for about $1.6 billion to expand in medical supplies and services.
6. Real estate finance company Residential Capital accepted a $1.5 billion bid from Warren Buffett’s Berkshire Hathaway for a portfolio of loans.
7. Clean Harbors, a provider of hazardous-water disposal, will acquire Safety-Kleen for $1.3 billion to expand in used-oil recycling and re-refining.
8. German drugmaker Bayer will pay $1.1 billion for Utah-based Schiff Nutrition International, maker of Tiger’s Milk nutrition bars and Move Free, a pill for joints.
9. Riverbed Technology will purchase Opnet Technologies in a transaction valued at $1 billion, expanding its offerings to help businesses manage computer networks.
10. At an auction of memorabilia and artwork belonging to Rolling Stones guitarist Ronnie Wood and his ex-wife, a Stratocaster Wood played on stage fetched $60,800, and a lithograph of Eric Clapton by Wood went for $5,120.