For other versions of this document, see http://wikileaks.org/wiki/CRS-RS20504 ------------------------------------------------------------------------------ Order Code RS20504 Updated February 5, 2001 CRS Report for Congress Received through the CRS Web Twenty-five Largest Mergers and Acquisitions by Corporations: 2000 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 increased throughout the 1990s. Many analysts believe that the value of mergers peaked at $3.48 trillion3 in 2000. This report provides a listing of the twenty- five largest mergers or acquisitions for the year 2000.+ Completion dates for the mergers or acquisitions are included. These data have been drawn from publicly available sources and have not been otherwise verified by CRS. This report will be updated as warranted. Twenty-five Largest Mergers or Acquisitions: 2000 (ranked by value) (All amounts cited are U.S. Dollars) Acquirer, Sector, and Target Firm Date Date Value New Name (if applicable) and Sector Announced Completed ($ billions) * The designation "Pending" often indicates that regulatory approval needed for actual merger has not been obtained. GlaxoWellcome Smithkline Beecham plc 1/17/00 12/27/00 $189.003 Pharmaceuticals Pharmaceuticals GlaxoSmithKline plc AOL TimeWarner 1/10/00 1/11/01 $181.003 Telecommunications Telecommunications AOL TimeWarner Deutsche Telekom VoiceStream 7/12/00 Pending* 51.83 Telecommunications Telecommunications General Electric Company Honeywell Inc. 10/22/00 Pending* 45.04 Conglomerate Conglomerate Chevron Inc. Texaco Inc. 10/13/00 Pending* 43.04 Oil Oil + For the top 25 mergers of 1998, see RS20502, Twenty-five Largest Mergers and Acquisitions by Corporations: 1998; for the top 25 mergers of 1999, see RS20503, Twenty-five Largest Mergers and Acquisitions by Corporations: 1999;for the top 25 mergers of 2000, see RS20504, Twenty-five Largest Mergers and Acquisitions by Corporations: 2000; and for the largest mergers of 2001, see RS20804, Largest Mergers and Acquisitions by Corporations: 2001. Congressional Research Service ~ The Library of Congress CRS-2 Acquirer, Sector, and Target Firm Date Date Value New Name (if applicable) and Sector Announced Completed ($ billions) * The designation "Pending" often indicates that regulatory approval needed for actual merger has not been obtained. France Telecom S.A. Orange plc 5/24/00 8/24/00 36.03 Telecommunications Telecommunications Vivendi S.A. Joseph Seagram Co. Ltd. 6/14/00 12/8/00 35.03 Conglomerate Entertainment and alcoholic Canal Plus S.A. beverages Entertainment Vivendi Universal S.A. Chase Manhattan Bank J.P. Morgan & Co. 9/12/00 12/31/00 34.44 Banking & Finance Banking & Finance J.P. Morgan, Chase & Co. HypoVereinsbank Bank Austria 7/22/00 9/28/00 32.44 Banking and finance Banking and finance Sanwa Bank Ltd. Tokai Bank Ltd. 3/14/00 Pending* 30.52 Banking and finance Toyo Trust Ltd. (projected United Financial Group Banking and finance 4/01) British Telecommunications plc Airtel S.A. 6/12/00 6/12/00 23.03 Vodafone AirTouch plc Telecommunications Telecommunicaitons Unilever Bestfoods 5/3/00 10/4/00 20.54 Consumer goods Consumer goods Pacific Century Cyber-works Hong Kong Telephone 2/29/00 8/17/00 19.04 Telecommunications Telecommunications Deutsche Post DHL Worldwide Express Inc. 9/13/00 1/02/01 18.924 Postal Service and Logistics Delivery company Philip Morris Nabisco Holdings 6/25/00 12/11/00 18.93 Conglomerate Food stuffs JDS Uniphase SDL 7/10/00 Pending* 17.04 Fiber optic components Fiber optic components VeriSign Network Solutions Inc. 3/6/00 6/9/00 15.35 Telecommunications Telecommunications Pepsico Quaker Oats 12/4/00 Pending* 15.12 Beverages and foods Beverages and foods Granada plc Compass plc 5/15/00 7/28/00 14.44 Media, hotels and food service Catering and food service Granada Compass plc JDS Uniphase Corp. E-Tek Dynamics Inc. 2/7/00 6/28/00 14.252 Fibre optic supplies Fibre optic supplies Vivendi S.A. Canal Plus S.A. (51% not 6/19/00 12/8/00 14.052 Conglomerate already owned) Entertainment FPL Group Entergy Corporation 7/31/00 Pending* 13.93 Energy company Energy company (projected 10/01) Cap Gemini SA Ernst & Young 2/29/00 5/31/00 13.24 Management services Consulting services Cap Gemini Ernst & Young Viacom Inc. Infinity Broadcasting (35.7% 8/15/00 Pending* 12.54 Entertainment and broadcasting not already owned by Viacom) (projected Entertainment and 2/01) broadcasting CRS-3 Acquirer, Sector, and Target Firm Date Date Value New Name (if applicable) and Sector Announced Completed ($ billions) * The designation "Pending" often indicates that regulatory approval needed for actual merger has not been obtained. Union Bank of Switzerland PaineWebber 7/12/00 11/3/00 12.04 (UBS) Stockbroker Banking and finance 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: Mergers & Acquisitions. 2 Source for value: Mergerstat. 3 Source for value: The Wall Street Journal. 4 Source for value: The Financial Times. 5 Source for value: The Washington Post. Sources: Mergerstat Online (http://www.mergerstat.com); Mergers & Acquisitions Magazine, various issues; The Wall Street Journal, various dates; The Financial Times, various dates; 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-RS20504