Mergers & Acquisitions Cheat Sheet: Dish Network, Southern Union and More

French retail giant Carrefour (EPA:CA) has received an offer to merge its Brazilian operations with Companhia Brasileira (NYSE:CBD), creating the largest retail company in Brazil, with 2011 annual sales of 30 billion euros.

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Dish Network (NASDAQ:DISH) is set to buy TerreStar Networks (PINK:TSTRQ) for $1.38 billion after no competing bids were received by Monday’s deadline. The acquisition will go to court July 7 for approval.

British drinks group Diageo (NYSE:DEO) gained approval to raise its stake in its joint venture Sichuan Chengdu Quanxing to 53%. Qanxing has a 39.7% stake in Sichuan Schuijingfang, China’s fourth largest white spirits group. According to Chinese law, if Diageo has control of Quanxing, it must launch a mandatory tender offer for the whole of Shuijingfang. Diageo will be offering 21.45 yuan per share in a 6.3 billion yuan deal.

Southern Union (NYSE:SUG) will enter acquisition talks with Williams Companies (NYSE:WMB) despite rival bidder Energy Transfer Equity (NYSE:ETE) trying to block any discussions. Southern Union Co. Earnings: Revenue Falls After Four-Straight Increases>>

Lehman Brothers (PINK:LEHMQ) will sell its majority ownership in the former International Toy Center building, located at 200 Fifth Avenue in Manhattan, to a real-estate fund managed by J.P. Morgan (NYSE:JPM) in a $700 million deal.

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