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Deals Rumor Mill: Sinopec, Siemens, Activision

By Karlee Weinmann ( May 15, 2013, 1:59 PM EDT) -- The engineering division of China Petrochemical Corp., or Sinopec, stands poised to raise up to $1.9 billion in its initial public offering after narrowing its expected pricing range, according to a Wednesday report from IFR. The unit, part of Asia's largest refiner, is unloading 1.3 billion shares in the IPO and will firm up its pricing plans later this week. Wednesday's news places pricing plans virtually in the middle of the broader range that had been sketched out previously. If Sinopec had stuck to a price on the high end of its original estimate, the company could have raked in as much as $2.2 billion through the share sale....

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