Bid & Ask

Compiled by Caroline Winter

BLOOMBERG (2)

Nestlé will pay $11.9 billion for Pfizer’s infant-nutrition unit and may sell as much as $1.8 billion of the assets to address antitrust concerns in countries including Mexico, say people with knowledge of the matter.

• Russia’s No. 2 mobile-phone operator, MegaFon, will pay owners TeliaSonera, AF Telecom, and Altimo $5.2 billion in dividends and pursue an IPO in London.

Banco BTG Pactual, led by Brazilian billionaire André Esteves, raised almost $2 billion in the biggest IPO for an investment bank in two years.

Royal Dutch Shell is acquiring African oil explorer Cove Energy for $1.8 billion to secure a stake in gas fields discovered off Mozambique.

• The world’s No. 1 wireless operator, Vodafone, will purchase Cable & Wireless Worldwide for $1.7 billion in cash, adding a U.K. fixed-line network to its mobile-phone system.

• London Heathrow Airport owner BAA is selling its Edinburgh terminal to U.S. buyout firm Global Infrastructure Partners for $1.3 billion after antitrust regulators ordered a breakup.

Thomson Reuters will sell its healthcare unit, which provides data and analytic services to hospitals and health-care providers, to an affiliate of Veritas Capital for $1.3 billion in cash.

Amgen is buying closely held Mustafa Nevzat Pharmaceuticals for almost $700 million to expand in Turkey, where economic growth is boosting demand for medicines.

• Illinois-based Beam will purchase the Pinnacle Vodka and Calico Jack rum brands from White Rock Distilleries for $605 million to expand in the fast-growing spirits business.

Facebook will beef up its intellectual property arsenal by paying $550 million for some of the patents Microsoft recently agreed to buy from AOL.

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