Bid & Ask: The Deals of the Week
Noteworthy expenditures of the week
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1. Steel magnate Vladimir Lisin’s Universal Cargo Logistics Holding bought almost 75 percent of state-owned Russian Railways’ Freight One cargo unit for $4.2 billion.
2. TMX Group, owner of the Toronto Stock Exchange, recommended that shareholders accept a $3.7 billion bid from a group of Canadian banks and pension funds.