Twenty-five Largest Mergers and Acquisitions by Corporations: 2000

Twenty-five Largest Mergers and Acquisitions by Corporations: 2000

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.