Bid & Ask

Compiled by Caroline Winter


Deutsche Lufthansa will buy eight long-range and 100 short- to medium-range aircraft from Airbus and Boeing for about $12 billion.

• In its largest acquisition, Orix, a Japanese owner of leasing and insurance businesses, will pay $2.6 billion for control of the asset management unit of Dutch lender Rabobank Group.

• Europe’s No. 1 bank by market value, HSBC Holdings, is selling its Panama unit to Bancolombia for $2.1 billion in an attempt to revive profit by focusing on fewer, more promising markets.

• Seeking to expand its European operations, Canadian insurer Great-West Lifeco will buy Irish Life Group from Ireland’s government for $1.7 billion.

• Georgia-based payment processor TSYS will acquire prepaid debit-card provider NetSpend for $1.4 billion to tap the market for customers who don’t have traditional bank accounts or credit histories.

Office Depot will pay $1.2 billion for OfficeMax, which has been losing sales to online rivals and Staples. The companies’ combined revenue will total about $18 billion.

• The world’s leading provider of drugtrial services to pharmaceutical companies, Quintiles Transnational Holdings, filed to raise $600 million in an IPO in the U.S.

• 1Malaysia Development, the state investment company also known as 1MDB, plans to buy the country’s coal-fired Jimah power plant for $548 million, says a person familiar with the matter.

• The California Public Employees’ Retirement System will divest shares worth a combined $5 million in Smith & Wesson Holding and Sturm Ruger, which both make guns banned in the state.

• A private collection of John F. Kennedy memorabilia, including his Air Force One leather bomber jacket, fetched nearly $2 million at auction.


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