Bid/Ask

By Evan Applegate

ILLUSTRATION BY OSCAR BOLTON GREEN

$438m

Private equity firm Kohlberg bought piano maker Steinway Musical Instruments for $438 million, a 15 percent premium over its market value at the time. Kohlberg hopes to expand global sales for the 160-year-old company, which also makes saxophones, trumpets, clarinets, and drums.

$10b

Cancer drugmaker Onyx Pharmaceuticals is looking to sell itself after rejecting a $10 billion offer from Amgen that it said “significantly undervalued” the company.

$5.6b

Mitsubishi UFJ Financial Group will pay as much as $5.6 billion for a controlling stake in Thailand’s Bank of Ayudhya in the biggest bank takeover in Thai history.

$2.9b

State-controlled Russian energy giant Rosneft paid $2.9 billion for the shares of Itera it didn’t already own, gaining full control of the Russian natural gas producer.

$2.7b

Tribune bought Local TV for $2.7 billion, doubling its roster to 42 stations and making it the biggest U.S. commercial television station owner.

$2.2b

Troubled Finnish handset maker Nokia bought out Siemens’s half of a wireless equipment manufacturing joint venture for $2.2 billion.

$1b

Private equity firm Thoma Bravo paid $1 billion to Intuit for its financial-services unit, which sells online and mobile banking software.

$308m

U.S. Cellular sold wireless spectrum covering Memphis, Nashville, and other Southern cities for $308 million to T-Mobile, paving the way for expanded 4G LTE coverage.


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