Bid & Ask

Compiled by Caroline Winter


Actavis rejected a $15 billion cash-and-stock offer from fellow generic drugmaker Mylan to pursue a takeover of Warner Chilcott, say people familiar with the matter.

Verizon Wireless, the mobile-phone joint venture of Verizon Communications and Vodafone Group, plans to pay a $7 billion dividend to its co-owners. Verizon will get $3.85 billion and Vodafone $3.15 billion.

• Germany’s Commerzbank will raise $3.3 billion by selling shares to help repay debt from its government bailout.

• Latin America’s No. 1 bank by market value, Itaú Unibanco Holding, is buying Citigroup’s Credicard unit for $1.4 billion, gaining an additional 10 percent share of Brazil’s card market.

China Galaxy Securities, a brokerage controlled by the country’s sovereign wealth fund, raised about $1.1 billion in a Hong Kong IPO, say two people with knowledge of the matter.

China XD Group, a state-controlled power-equipment maker, is in talks to buy Prolec GE Internacional for as much as $1 billion, say three people with knowledge of the discussions.

• In hopes of persuading shareholders to spurn a takeover bid by Royalty Pharma, Elan will pay GlaxoSmithKline $1 billion for a 21 percent share of future royalties from four Theravance respiratory drugs.

Constellium Holdco, a Dutch specialty aluminum-product maker controlled by Apollo Global Management, plans to raise as much as $422 million in an IPO.

• ATK, a maker of aerospace and defense products, will pay $315 million for Caliber Co., parent of Savage Sports, a maker of hunting rifles and shotguns.

• The winning bid for an hour-long coffee date with Apple CEO Tim Cook closed at $610,000, more than 12 times the charity event’s pre-auction estimate of $50,000.


Magazines Review offers you a broad range of popular American magazines online. Browse an extensive directory of magazines, covering most important aspects of your life. Find the most recent issues of your favourite magazine, or check out the oldest ones.

About content

All the articles are taken from the official magazine websites and other open web resources.

Please send your complains and suggestions through our feedback form. Thank you.