For other versions of this document, see http://wikileaks.org/wiki/CRS-RS20503 ------------------------------------------------------------------------------ Order Code RS20503 Updated January 4, 2001 CRS Report for Congress Received through the CRS Web Twenty-five Largest Mergers and Acquisitions by Corporations: 1999 John Williamson Technical Information Specialist Resources, Science, and Industry Division Summary The rate of corporate mergers and acquisitions both in the United States and internationally has increased. This report provides a listing of the 25 largest mergers or acquisitions for the year 1999. Completion dates for the mergers or acquisitions are included. Data have been drawn from publicly available sources and not otherwise verified by CRS. This report will be updated as warranted. Twenty-five Largest Mergers or Acquisitions: 1999 (ranked by value) (All amounts cited are U.S. Dollars) Acquirer, Value Sector, and Target Firm Date Date ($ New Name (if applicable) and Sector Announced Completed billions) Vodafone AirTouch plc Mannesmann AG 11/13/99 3/31/00 $180.954 Telecommunications Diversified Pfizer Warner-Lambert 11/4/99 6/19/00 116.03 Pharmaceuticals Pharmaceuticals Exxon Corp. Mobil Corp. 12/1/98 11/30/99 86.361 Petroleum Petroleum Exxon Mobil Corp. Sumitomo Bank Ltd. Sakura Bank Ltd. 10/14/99 4/01 77.06 Banking and finance Banking and finance (projected) SBC Communications Ameritech 5/11/98 10/8/99 72.361 Telecommunications Telecommunications * The designation "Pending" often indicates that regulatory approval needed for actual merger has not been obtained. For the top 25 mergers of 1998, see CRS Report RS20502, Twenty-five Largest Mergers and Acquisitions by Corporations: 1998; and for the year 2000 for all mergers and acquisitions with a value in excess of $4 billion, see CRS Report RS20504, Largest Mergers and Acquisitions by Corporations: 2000. Congressional Research Service ~ The Library of Congress CRS-2 Acquirer, Value Sector, and Target Firm Date Date ($ New Name (if applicable) and Sector Announced Completed billions) AT&T Telecommunications Inc. (TCI) 7/28/98 3/9/99 69.901 Telecommunications Telecommunications Olivetti SpA Telecom Italia SpA 2/20/99 5/21/99 65.044 Diversified Telecommunications Vodafone plc AirTouch Communications, Inc. 1/18/99 6/30/99 60.295 Telecommunications Telecommunications Vodafone AirTouch plc AT&T MediaOne Group 4/22/99 6/15/00 56.024 Telecommunications Telecommunications Total Fina SA Elf Aquitaine 7/5/99 10/28/99 53.545 Petroleum Petroleum Total Fina Elf SA Royal Bank of Scotland Group plc National Westminster Bank plc 11/29/99 4/25/00 42.735 Banking and finance Banking and finance Fuji Bank Ltd. Dai-Ichi Kangyo Bank Ltd. 8/20/99 9/29/00 40.106 Banking and finance Banking and finance Mizuho Holdings, Inc. Viacom CBS 9/7/99 5/4/00 39.434 Entertainment- Entertainment- telecommunications telecommunications Qwest Communications US West, Inc. 7/19/99 73/00 38.484 Telecommunications Telecommunications Mannesmann AG Orange, plc 10/21/99 2/10/00 32.595 Diversified Telecommunications Fuji Bank Ltd. Industrial Bank of Japan Ltd. 8/20/99 9/29/00 30.765 Banking and finance Banking and finance Mizuho Holdings, Inc. BP Amoco, plc Atlantic-Richfield 4/1/99 4/18/00 26.613 Petroleum Petroleum Monsanto Pharmacia & Upjohn Inc. 12/19/99 4/3/00 25.763 Pharmaceuticals Pharmaceuticals Pharmacia Lucent Technologies Inc. Ascend Communications Inc. 1/13/99 6/25/99 24.133 Telecommunications Telecommunications Clear Channel Communications AMFM Inc. 10/4/99 8/30/00 23.83 Telecommunications Telecommunications Banque Nationale de Paris SA Paribas 3/9/99 2/1/00 20.33 Banking and finance Banking and finance BNP-Paribas SA DDI KDD 12/17/99 10/1/00 18.993 Telecommunications Telecommunications KDDI IDO Telecommunications Motorola Inc. General Instrument Corp. 9/15/99 1/6/00 17.04 Electronics Electronics * The designation "Pending" often indicates that regulatory approval needed for actual merger has not been obtained. CRS-3 Acquirer, Value Sector, and Target Firm Date Date ($ New Name (if applicable) and Sector Announced Completed billions) VEBA AG VIAG AG 9/1/99 6/21/00 114.03 Diversified utility Diversified utility E.ON AG Diversified utility Deutsche Bank AG Bankers Trust Corp. 11/30/98 6/4/99 10.14 Banking and finance Banking and finance * The designation "Pending" often indicates that regulatory approval needed for actual merger has not been obtained. Note: Values given for transactions are expressed as the value of the combined assets of the two firms when there is a merger. In an acquisition, the value shown is the purchase price of the target corporation. These figures sometimes vary from one source to another and can change as the market value of the company's stock changes, values are shown in U.S. Dollars. U.S. Dollar value can fluctuate with changes in exchange rates. The values shown above are derived from the following sources: 1 Source for value: "The Top Ten Deals of 1998, Fortune, Jan. 11, 1999, p. 62-66. 2 Source for value: Mergers & Acquisitions. 3 Source for value: Mergerstat. 4 Source for value: The Wall Street Journal. 5 Source for value: The Financial Times. 6 Source for value: American Banker, Oct 15, 1999; p. 4 Sources: "The Top Ten Deals of 1998." Fortune, Jan. 11, 1999, p. 62-66 ; Deogun, Nikhil. "Year-End Review of Markets & Finance 1999." Wall Street Journal, January 3, 2000, p. R8; Mergerstat Review, various editions; Mergers & Acquisitions, various issues; announcement and closing dates from The Wall Street Journal or The Financial Times, various dates. ------------------------------------------------------------------------------ For other versions of this document, see http://wikileaks.org/wiki/CRS-RS20503