Bloomberg Businessweek (North America)
$5.2b
Pfizer snaps up Anacor Pharmaceuticals. The purchase will give Pfizer control of crisaborole, an experimental treatment for eczema, a skin condition that affects as many as 25 million Americans. If approved by the U.S. Food and Drug Administration, the drug could reach annual sales of $2 billion, according to Pfizer. Palo Alto-based Anacor also holds the rights to Kerydin, a treatment for toenail fungus.
$5.2b
China’s Midea pursues a German robot maker. The appliance manufacturer’s bid for control of Kuka values the Augsburgbased company at more than $5 billion.
$3.3b
Range Resources acquires Memorial Resource Development. The all-stock deal gives the oil and gas producer properties in Louisiana and a better foothold in the U.S. gas-export market.
$1.3b
Finland’s Konecranes takes a piece of Terex. Abandoning plans for a full merger, the crane maker agreed to buy a liftinggear business from Westport, Conn.-based Terex.
$1b
Ikea slims its real estate portfolio. The Swedish furniture retailer plans to sell 27 of the 52 retail parks that surround some of its European stores.
$874m
Digital Realty Trust invests in European data centers. The owner of technology-related real estate will acquire eight data centers located in London, Amsterdam, and Frankfurt.
$600m
Eldorado Gold exits China. The Vancouver-based company will spin off its Chinese gold-production assets and use the proceeds to focus on developing mines in Europe.
$1.3m
A firearm record. The 1886 Winchester rifle that once belonged to the U.S. Army captain credited with capturing the Apache leader Geronimo was sold at auction.