Bid & Ask

Compiled by Caroline Winter


Best Buy founder Richard Schulze floated a plan to take the ailing electronics retailer private for $24 to $26 a share, an offer which values the chain at up to $9.5 billion, including net debt.

Taiwan Semiconductor Manufacturing is investing $1.4 billion in ASML Holding, Europe’s largest chip-equipment maker, underscoring an industry trend toward supply-chain integration. The world’s No. 1 vitamin maker, Royal DSM of the Netherlands, will acquire Tortuga of Brazil for $576 million to bolster its animal-nutrition business.

• Perth-based Silver Lake Resources bid $450 million to buy fellow Australian gold-mining company Integra Mining.

• A $400 million capital infusion from a group of investors including TD Ameritrade Holding and the Jefferies Group saved market maker Knight Capital Group from collapse after a computer glitch blew a hole in its balance sheet.

• The maker of Silk almond milk, WhiteWave Foods, owned by Dean Foods, filed to raise $300 million in a U.S. initial public offering.

• In a bid to bolster its online sports coverage, Time Warner’s Turner Broadcasting System division bought the Bleacher Report website for less than $200 million.

Bloomin’ Brands, owner of the Outback Steakhouse restaurant chain, raised $176 million in its U.S. IPO, pricing shares below the proposed range.

Paulson & Co., the hedge fund run by John Paulson, paid $17 million for 875 acres in a resort community near Las Vegas, says a person familiar with the deal. Paulson will likely build homes on the raw land, then resell the properties.

• The Heuer wristwatch worn by Steve McQueen for his role as an American racecar driver in the 1971 film Le Mans sold for $799,500, more than double a pre-auction estimate of $300,000.


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