Bid/Ask

By Evan Applegate

ILLUSTRATION BY OSCAR BOLTON GREEN

$1.6b

China Mengniu Dairy, the country’s largest dairy producer, offered $1.6 billion for baby formula maker Yashili International Holdings. Beijing is encouraging consolidation in China’s food industry to better monitor food safety; Mengniu was one of 22 companies found to have sold tainted dairy products in 2008, when an investigation into the deaths of six infants uncovered melamine contamination in milk powder.

$4.4b

Private equity firm BC Partners agreed to pay $4.4 billion for Germany’s Springer Science & Business Media, which publishes more than 2,000 scientific journals.

$2.65b

Forest products company Weyerhaeuser will buy Longview Timber for $2.65 billion, gaining 645,000 acres of woodland in the Pacific Northwest.

$2b

Cinven, a buyout firm, will purchase Rockwood Holdings’ German ceramics unit CeramTec for $2 billion. After the sale, Rockwood will focus on its metals business.

$1.3b

Cheung Kong Holdings, controlled by billionaire Li Ka-shing, led a consortium of investors to buy Dutch waste processor AVR-Afvalverwerking for $1.3 billion.

$650m

Aragon Pharmaceuticals sold a drug development unit to Johnson & Johnson for $650 million, adding a prostate cancer treatment to J&J’s portfolio.

$320m

Agrokor bought a majority stake in Slovenian grocer Mercator Poslovni Sistem for $320 million. The merger will create Eastern Europe’s biggest retailer.

$93m

Private equity firm Rhône Capital paid $93 million for the European and Israeli business units of water cooler supplier Eden Springs.

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