Bid & Ask

Compiled by Caroline Winter


• Russia raised $5.2 billion through the sale of a minority stake in Sberbank, the nation’s largest lender, as part of a plan to reduce ownership in government-controlled companies.

Blackstone Group will buy Vivint for about $2 billion to gain home security, energy management, and solar power customers in more than 670,000 North American homes.

• No. 1 supplier of fresh fruit and vegetables, Dole Food, will sell its worldwide packaged food division and its Asia fresh produce business to Japanese trading house Itochu for $1.7 billion.

Waste Connections will buy subsidiaries of R360 Environmental Solutions for about $1.3 billion, adding oil field waste treatment services in the Permian, Bakken, and Eagle Ford basins.

• Canada’s B2Gold, which mines the precious metal in Latin America and Africa, will buy CGA Mining for about $1.1 billion to add production in the Philippines.

• New Orleans-based EPL Oil & Gas will acquire Gulf of Mexico fields from closely held Hilcorp Energy for $550 million.

• Expanding into renewable energy, Beijing Development will purchase the power generation firm Green Energy Holding from China Green Energy for as much as $535 million.

• China’s Meijin Energy Group offered $454 million for Australia’s Western Desert Resources, which holds iron ore, gold, copper, and uranium deposits in the Northern Territory.

• Germany’s Bayer will pay as much as $145 million for Teva Pharmaceutical Industries’ U.S. animal-health business, boosting its veterinary franchise.

• Aiming to attract more serious players, social gaming company Zynga will pay as much as $25 million to acquire A Bit Lucky, the California-based developer of challenging, graphically rich games, say two people familiar with the deal.


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