Twenty-five Largest Mergers and Acquisitions by Corporations: 1999

Twenty-five Largest Mergers and Acquisitions by Corporations: 1999

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.