Bid & Ask

Compiled by Caroline Winter


• Europe’s No. 3 oil company, Total, plans to sell as much as $20 billion in assets to raise cash for oil and gas projects as it tries to increase output by 3 percent a year through 2015.

Itau Unibanco Holding paid $5.2 billion for the outstanding shares of Redecard, completing a plan to take the credit-card processor private.

• John Malone’s Liberty Global bid $2.5 billion for the 49.6 percent of Belgium’s Telenet Group Holding it doesn’t own to increase its presence in Europe’s pay-TV market.

• Germany’s Schaeffler, a family-owned manufacturer of auto and aviation parts, is selling a 10.38 percent stake in tire and parts maker Continental for $2 billion to reduce debt.

ExxonMobil will pay about $2 billion in cash and assets to Denbury Resources for drilling rights on 196,000 acres in the Bakken Shale fields in North Dakota and Montana.

• The world’s No. 1 surveyor of oil fields, Paris-based CGGVeritas, is buying the seismic division of geological data company Fugro for $1.6 billion.

Canada Pension Plan Investment Board will pay $1.1 billion to acquire full ownership of a unit of Tomkins, the company it jointly owns with buyout firm Onex. The unit makes products for distributing, recycling, and venting air.

• Europe’s No. 2 carmaker, Peugeot Citröen, is selling 75 percent of its Gefco trucking unit to Russian Railways for $1 billion to reduce debt.

Dave & Buster’s, operator of 59 dining and entertainment outlets, filed to raise as much as $107.1 million in an IPO. The chain, founded in 1982, was acquired by Oak Hill Capital Partners in 2010.

• An estate auction of items from philanthropist Brooke Astor’s homes, including John Frederick Lewis’s A Memlook Bey, Egypt canvas, raised $18.8 million.


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