Merger Monday

The Blackstone Group agreed to buy Equity Office Properties Trust for $20 billion.

By MARKETWATCH
November 21, 2006 08:23
1 minute read.

MarketWatch: In-depth global business coverage * The Blackstone Group agreed to buy Equity Office Properties Trust for $20 billion. The deal would be the largest real-estate transaction and, factoring in Equity Office's $16b. in debt, the world's biggest-ever private equity deal. * Freeport-McMoRan Copper & Gold Inc. agreed to acquire rival copper producer Phelps Dodge Corp. in a $25.9b. cash-and-stock transaction to create the world's largest copper company. * TD Bank Financial Group said it would take TD Banknorth Inc. private in a transaction valued at about $3.2b., or $32.33 a share in cash. TD Bank currently owns about 57% of TD Banknorth. * Bank of America said it agreed to buy Charles Schwab's U.S. Trust private-banking arm for $3.3b. cash. * The Nasdaq Stock Market said it offered 2.7b., or 1,243 pence a share, for the London Stock Exchange. Nasdaq said the deal would create the leading global exchange by number of listings featuring over 6,400 listed companies with a total market capitalization of approximately $11.8 trillion. The LSE rejected the bid. * Russia's Evraz Group said it agreed to buy Oregon Steel Mills for $2.3b., or $63.25 a share in cash. * French media group Lagardere said it agreed to acquire Sportfive for an enterprise value of €865 million. Sportfive is a European football marketing and media rights agency. The principal shareholders of Sportfive are Advent International, Goldman Sachs Capital Partners and RTL Group. MarketWatch: In-depth global business coverage


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