DealZone

Deals wrap: Capital One to buy ING’s U.S. online bank

Capital One plans to buy ING’s U.S. online bank for $9 billion in cash and stock, freeing the Dutch bank to repay bailout funds and sever its state ties.

Italian fashion house Prada floated at the low end of its target price range on Friday, raising $2.1 billion as investors baulked at its rich valuation while global markets are weak.

Private equity firm Leonard Green & Partners said it has teamed up with CVC Capital Partners to submit a proposal to buy BJ’s Wholesale Club, the third-largest U.S. wholesale club retailer.

The New York Times looks at what is behind the spate of energy deals.

Business Insider provides the “16 meaningless market phrases that will make you sound smart on CNBC.”

Deals wrap: Cooling off on IPOs

Samsonite, the world’s biggest luggage maker, dropped 7.7 percent in its Hong Kong trading debut on Thursday, underscoring tepid investor appetite for initial public offerings as global markets struggle.

Pipeline operator Energy Transfer will buy smaller rival Southern Union for about $4.11 billion to bolster its natural gas gathering and transportation capacity amid burgeoning production from U.S. shale fields.

Alibaba Group said it has reorganized Taobao, China’s largest e-commerce website, into three separate companies, squashing any chance of a Taobao public offering.

Deals wrap: On to the next tech IPO

Online radio company Pandora Media priced shares in its initial public offering above an already raised range on Tuesday, the latest company to take advantage of red-hot valuations for Internet companies. Deal Journal breaks down the company by the numbers.

DST Systems  has received several buyout overtures from private equity firms in recent months, including one led by activist investor Russell Glass, according to people with knowledge of the situation.

To get General Motors firing on all cylinders, Chief Executive Daniel Akerson needs to fix the sputtering Opel. However, neither a sale nor a quick fix to return to sustained profitable growth is easily achievable, analysts and experts say.

Deals wrap: Ericsson to buy Telcordia

Mobile network equipment maker Ericsson said it would spend $1.15 billion in cash to buy U.S. group Telcordia to boost its presence in the operations and business support sector.

KKR’s planned $1.6 billion buyout of Taiwan electronics components maker Yageo came under a cloud after a source with direct knowledge of the matter said the island’s financial regulator expressed concern over minority shareholders’ rights.

Mid-sized lender China Everbright Bank  plans to raise about $6 billion in a Hong Kong initial public offering, Asia’s biggest so far this year, braving choppy equity markets that have dampened demand for new issuances.

Deals wrap: Timberland shares jump

VF Corp, owner of clothing brands such as The North Face and Wrangler jeans, said it would buy Timberland for $2 billion. The deal values the shoemaker at $43 a share, a 43 percent premium to Friday’s closing price of $29.99 on the New York Stock Exchange.

For many potential investors Russia is synonymous with corruption, weak rule of law and political risk, its reputation hurt by events such as the jailing of oil tycoon Mikhail Khodorkovsky. Vladimir Putin is trying to turn that image around by telling investors to invest in Russia, and have Russia invest in you.

Maple Group launched a $3.8 billion hostile bid for Toronto Stock Exchange operator TMX Group, an all-Canadian challenge to the London Stock Exchange’s agreed bid.

Deals wrap: Nokia rumors but no suitors

Nokia’s plunging share price and persistent speculation it might be a takeover target is far from attracting real suitors interested in saving the struggling mobile phone company, write Victoria Howley and Tarmo Virki.

General Motors is considering putting Opel up for sale again as management is losing confidence that the European arm will return to profitability, two German magazines reported.  Here’s a timeline of the twists and turns in Opel’s ownership.

Former BP  boss Tony Hayward and financier Nathaniel Rothschild aim to raise around $1.6 billion with a June listing of an acquisition vehicle that will target oil assets.

Deals wrap: Is the PE industry overpaid?

Stephen Feinberg, one of the best-known private equity financiers in the world, admitted that the industry is radically overpaid. The stunning admission was followed by another one: some private equity firms were increasing their fund size too much — potentially hitting the returns for their investors.

Barnes & Noble’s third-largest shareholder, money manager Aletheia Research and Management, reported a reduced stake in the company, weeks after John Malone’s Liberty Media offered to buy the bookstore chain for $1 billion.

Citigroup has agreed to sell a portfolio of private equity assets to AXA Private Equity for $1.7 billion, the French insurer said on Wednesday, the latest move by the U.S. bank to unload non-core assets.

Deals wrap: Bid for ING Direct USA

General Electric and Capital One have submitted bids for ING’s U.S. online banking operations in a deal worth about $9 billion, Bloomberg reports.

The frothy market for Internet IPOs is raising the specter of a bubble, underscoring how little has changed despite lawsuits and investigations in the wake of the 1990s dot-com craze.

Maple Group Acquisition Corp, which has gone hostile with its $3.7 billion offer for Toronto Stock Exchange operator TMX Group , is in talks to add at least three other financial-services companies to its consortium, the Wall Street Journal reports, citing sources.

Deals wrap: J&J’s $21.6 billion orthopedic buy

A general view shows Swiss medical devices maker Synthes' headquarters in Oberdorf, April 25, 2011. Reuters/Christian Hartmann

Johnson & Johnson is to buy Swiss medical devices maker Synthes for $21.6 billion in its largest ever buy, giving J&J a leading position in equipment to treat trauma. Synthes, which posted sales of $3.7 billion in 2010, makes nails, screws and plates to fix broken bones, as well as artificial spine discs. “It is surprising the deal has been struck between cash and shares. The market consensus, and our view, was it would be all cash, so the quality of the take-out is slightly lower than we anticipated,” said Morgan Stanley analyst Michael Jungling.

Phone company CenturyLink is to buy Savvis for about $2.5 billion in cash and stock to beef up its data center business as it looks to meet the growing demand for cloud-based services. The deal comes at a time when regional phone companies like CenturyLink, which acquired rival Qwest for $10.6 billion last year, are looking at ways to boost their business as consumers continue to disconnect their home phones in favor of Internet services and cellphones.

Deals wrap: Why does J&J want to buy Synthes?

Doctors discuss medical treatment as they look at an X-Ray image on a monitor in this Reuters file photo. REUTERS/Fabrizio BenschAnother multi-billion dollar international healthcare deal could be coming if Johnson & Johnson has its way. Synthes, a Swiss medical device maker, confirmed it is in takeover talks with J&J after reports the U.S. health giant is keen to buy it for about $20 billion.

What does J&J want from a Swiss company many have never heard of before? The acquisition, which would be J&J’s biggest ever, would give the company a leading edge in equipment used to treat trauma patients. Synthes makes nails, screws and plates to fix broken bones, as well as artificial spine discs.

But a deal is far from certain at this stage. As the WSJ’s Katharina Bart points out, key to any deal is the agreement of Synthes Chairman Hansjoerg Wyss, a “secretive billionaire” who owns 48 percent of the company directly and through family trusts.