Bid/Ask

By Evan Applegate

ILLUSTRATION BY OSCAR BOLTON GREEN

$2.4b

Hudson’s Bay buys Saks. The 343-year-old parent company of Lord & Taylor is snapping up a New York icon, the latest in a string of Canadian retail deals. Loblaw agreed to buy Shoppers Drug Mart for $12.1 billion in July. Another sign that competition for Canadians’ wallets is heating up: Target plans to open 124 stores in the country this year and Wal-Mart Stores is adding 37 locations.

$35b

Publicis Groupe merges with Omnicom Group. The combined company will be the world’s largest advertising firm and may invite scrutiny from U.S. antitrust regulators.

$8.6b

Perrigo acquires Irish drugmaker Elan. The Michigan-based pharmaceutical company will move its headquarters to Dublin to take advantage of lower corporate taxes.

$5.8b

Activision Blizzard buys back stake from Vivendi. The French media company has been trying to offload its shares in the gamemaker since last year.

$3.9b

Community Health Systems buys Health Management Associates. The hospital chains are joining forces in the largest takeover in the industry since 2006.

$2.2b

Bill Ackman buys stake in Air Products & Chemicals. The investment in the commercial gas supplier is Pershing Square Capital Management’s largest to date.

$1.1b

Cousins Properties picks up 11 office properties. The REIT’s purchases in Fort Worth and Houston amount to a big bet on the Texas real estate market.

$820m

Rio Tinto sells a copper mine to China Molybdenum. The Chinese company is seeking to diversify its holdings to cushion the impact of falling molybdenum prices.

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