M&A Roundup: ConocoPhillips and Peabody Energy Look at Deals

Equity Residential (NYSE:EQR) wants to buy a 53% stake in Archstone from Bank of America (NYSE:BAC) and Barclays (NYSE:BCS) reports the WSJ reports. The proposal puts Equity ahead of AvalonBay (NYSE:AVB), Blackstone (NYSE:BX) and Brookfield (NYSE:BAM), and highlights the increased interest in rental apartments as home ownership falls. The offer was over $2.5B.

Peabody Energy (NYSE:BTU) says its acquired more than 90% of Macarthur Coal (NYSE:MACDF.PK). This is trigger that allows the company to force remaining shareholders to sell and increases the offering price to $16.52/share from $16.27/share.

Jaguar Mining (NYSE:JAG) was offered $785M to sell to Shandong Gold, parent of China’s second-largest gold producer by market value. Shandong is said to have a 73% premium to JAG’s Tuesday closing price of $5.39.

ConocoPhillips (NYSE:COP) 50% stake in the Seaway Crude Pipeline Company is up for sale for $1.15B. The company which transports oil between Texas and Oklahoma, will be purchased in part by Enbridge (NYSE:ENB), which will bring total proceeds from its 2010-2012 divestiture program up to $10.5B to COP.

Fluor (NYSE:FLR) is rumored to have given McDermott International (NYSE:MDR) a $16.50/share offer – a bid that marks a 41% premium to slumping MDR’s current share price.