Burger King agreed to be bought by investment firm 3G Capital for $3.26 billion. The deal represents a 46 percent premium to Burger King’s share price before news of the deal talks emerged on Wednesday. *View article *View WSJ article on how tasty a Burger King deal is
Hewlett-Packard raised its offer by $3 to $33 per share for 3Par. Shortly after, Dell announced it is bowing out of the bidding war for the data storage company. *View article
China is stepping up attempts to hamper BHP Billiton’s $39 billion hostile offer for Potash Corp, amid worries about future supplies of fertilizer it needs to rapidly boost food production. There is a report that China’s state-run Sinochem has hired HSBC to advise it on options and another which says China is considering launching an anti-monopoly investigation into the deal. *View article *View factbox on Potash supply and demand
Worldwide M&A volume last month was the largest in over a year. Get a snapshot of the deal activity in this PDF.