Bid & Ask

Compiled by Caroline Winter

DONGFENG: NELSON CHING/BLOOMBERG; DING DONG: EVAN-AMOS

• No. 1 U.S. pipeline company Kinder Morgan Energy Partners will acquire Copano Energy for about $3.2 billion in stock to capitalize on rising natural gas output from shale basins in Texas, Oklahoma, and Wyoming.

• AT&T will acquire airwaves from larger rival Verizon Wireless for $1.9 billion, adding spectrum in 18 states, including California, Texas, New York, and Florida.

• Goldman Sachs Group raised $1 billion from selling 1.35 billion shares in Industrial & Commercial Bank of China, the world’s No. 1 lender by market value.

• Volvo is paying $890 million for a minority stake in the commercial vehicle unit of China’s Dongfeng Motor Group to expand in the world’s largest truck market.

• United Engineers of Singapore offered about $549 million for the 61.7 percent of auto, property, and tech conglomerate WBL it doesn’t already own.

• China’s Sinochem Group agreed to pay Pioneer Natural Resources $500 million for a 40 percent stake in about 207,000 acres in the Wolfcamp Shale of Texas. It will also pay $1.2 billion of Pioneer’s future drilling costs.

• Ingenico, a French provider of point-of-sale terminals and services, will buy online-payment company Ogone for $484 million to add operations in countries including India and the U.S.

• Royal Philips Electronics, inventor of the compact disc, is selling its Lifestyle Entertainment unit to Japan’s Funai Electric for $202 million to focus on high-margin items like light bulbs.

• Blackstone Group will sell the Miami Beach Resort to New York investor Joseph Chetrit for $117 million, says a person familiar with the transaction.

• McKee Foods, which produces Little Debbie snacks, will pay $28 million for Hostess’s Drake’s brand, maker of Devil Dogs and Ring Dings.