Bid & Ask

Compiled by Caroline Winter


• Private equity firm Carlyle Group will seek a valuation of $7.5 billion to $8 billion when it sells shares to the public. The offering may come as soon as the week of April 16.

• Natural gas producer Chesapeake Energy announced $2.6 billion in asset sales to buyers including ExxonMobil, TPG Capital, and EIG Global Energy Partners as the company raises money to cut debt and fund drilling.

• Under shareholder pressure as revenue falls, AOL agreed to sell and license patents to Microsoft in a transaction valued at $1.1 billion.

Facebook will buy the Instagram mobile photo-sharing application for about $1 billion in cash and stock, its biggest acquisition yet.

• Coal producer and natural gas transporter Penn Virginia Resource Partners will pay about $1 billion for pipeline company Chief Gathering to expand its holdings in the Marcellus Shale.

AT&T agreed to sell a majority stake in its Yellow Pages unit to Cerberus Capital Management for about $950 million as part of an effort to dispose of slower-growing units.

• Asia’s largest drugmaker, Takeda Pharmaceutical, is buying closely held URL Pharma for $800 million to gain a new gout treatment.

• Glassmaker Corning will pay $730 million for a majority stake in Becton Dickinson’s Discovery Labware unit, which manufactures tubes, pipettes, and flasks.

Danaher, the maker of Craftsman tools and bar-code equipment, will acquire X-Rite for $625 million to add color-measurement technology for customers in graphic arts and retail.

• Luxury luggage maker Tumi Holdings will seek up to $319 million in an IPO. The South Plainfield (N.J.)-based company is owned by private equity firm Doughty Hanson.


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