Bid & Ask

Compiled by Caroline Winter

JET: BLOOMBERG. MONEY: PETER STONE/ALAMY. PICASSO: WOMAN IN AN ARMCHAIR (EVA) 1913 LEONARD A, LAUDER CUBIST COLLECTION/2013 ESTATE OF PABLO PICASSO/ARTISTS RIGHTS SOCIETY (ARS). GEORGES BRAQUE: TREES AT L’ESTA QUE 1908; LEONARD A, LAUDER CUBIST COLLECTION/ARS. FERNAND LEGER: THE TYPOGRAPHER 1917-1918; LEONARD A, LAUDER CUBIST COLLECTION/ARS. SEAWORLD: GEORGE D LEPP/GETTY IMAGES

General Electric will pay about $3.3 billion for Texas-based Lufkin Industries, which makes machines used in the oil and natural gas industry.

Patrizia Immobilien is buying Bayerische Landesbank’s GBW unit, an apartment building owner, in a transaction that values GBW at $3.3 billion, including debt.

• Paris-based media company Lagardère has unloaded its stake in EADS through a share sale valued at about $2.9 billion.

Bank of Shanghai, which counts HSBC Holdings among its shareholders, plans to seek $2 billion in an initial public offering in Hong Kong, according to two people with knowledge of the matter.

• Mexico’s No. 3 lender, Grupo Financiero Banorte, hopes to raise about $2 billion through a share offering this year, say two people familiar with the plan.

• Philanthropist and cosmetics mogul Leonard Lauder is donating 78 cubist artworks valued at $1 billion to New York’s Metropolitan Museum of Art. The gift includes 33 works by Picasso.

• Norwegian fish food producer Cermaq offered to buy rival Copeinca for $609 million, trumping a previous bid by Pacific Andes Resources Development.

SeaWorld Parks & Entertainment is seeking as much as $540 million in an IPO after its owner, Blackstone Group, rejected takeover bids for the theme park operator.

• Australian surf wear maker Billabong International is in discussions with a group led by Sycamore Partners Management, which bid $300 million for the company.

Blackhawk Network Holdings, the gift-card provider owned by grocer Safeway, plans to raise as much as $220 million in an IPO.

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