DoomwatchTM vs. Timesizing®
[Commentary] ©2000 Phil Hyde, The Timesizing Wire, Box 622, Cambridge MA 02140 USA (617) 623-8080


Mergers&Acquisitions - Jan-Feb, 2000

2/29/2000  13 takeovers reported, totaling $52.4312B + $undisclosed -
  1. Upstart [Pacific Century CyberWorks] apparently gets Hong Kong phone giant [Cable & Wireless HKT, for $35B], by Landler and Sorkin, NYT, C1.
  2. NiSource in $6B deal to acquire Columbia Energy [for 6+2.5= $8.5B], Bloomberg via NYT, C8.
  3. PowerGen [agrees] to acquire LG&E Energy [for 3.2+2.2= $5.4B], Reuters via NYT, C4.
  4. Amkor agrees to buy three plants in South Korea [from Anam Semiconductor for $1.4B], Dow Jones via NYT, C4.
  5. NetIQ agrees to buy Mission Critical, a rival [for $1.3B], Bloomberg via NYT, C4.
  6. Quintus, software maker, in [$290m] deal for Mustang.com, Dow Jones via NYT, C4.
  7. Bass plans to acquire the remainder [90.1%] of Bristol Hotels [for $162.2m], Dow Jones via NYT, C4.
  8. Broadcom in accord to acquire Digital Furnace [for $136m], by Laura Holson, NYT, C4.
  9. Waddell & Reed in deal [to buy Legend Group for $75m], Bloomberg via NYT, C6.
  10. Sonic Foundry in [$66m] deal for STV Communications, Bloomberg via NYT, C4.
  11. Delphi [Automotive Systems] buys parts shipper [Automotive Products Distribution Services business of AP Group, for $65m], Dow Jones via NYT, C8.
  12. Feed maker is expanding [- Ridley's Hubbard Feeds unit to take over ContiGroup's Wayne Feeds unit for $37m], Dow Jones via NYT, C25.
  13. Heinz to buy Milnot Holding, maker of Beech-Nut [for $??], Bloomberg via NYT, C4. [We finally find out this one was worth $185m just in time to see it clobbered, according to "US Appeals Court blocks merger of 2 baby food makers," by Stephen Labaton, 4/28/2001 NYT, B1.]
2/26/2000  5 more takeovers reported, totaling $174.9m + $undisclosed -
  1. Warburg, Pincus affiliate to buy Centennial [HealthCare for $65.5m], Dow Jones via NYT, B3.
  2. Everest Re to buy Gibraltar Casualty from Prudential [Insurance for $49m], Dow Jones via NYT, B3.
  3. Cross Timbers to sell Texas oil and gas properties [to unidentified buyer for $43m], AP via NYT, B3.
  4. Elot Inc. [to buy Virtgame.com for $17.4m], NYT, B3.
  5. Urban Decay for LVMH [- Urban Decay cosmetics co. sold to LVMH Moët Hennessy Louis Vuitton for $??], Bloomberg via NYT, B2.
2/25/2000  5 takeovers reported, totaling $508.6m + $undisclosed -
  1. Dublin building company acquires asphalt contractor [- CRH buys Shelly of Ohio for $362m], Dow Jones via NYT, C4.
  2. SmartDisk is in $81.6m deal for VST Technologies, Dow Jones via NYT, C4.
  3. Uni-Marts Inc. [to buy 43 convenience stores & related gas stations from Orloski Service Station for $41m], NYT, C4.
  4. Amerada Hess Corp. [of NY to buy Statoil Energy Services in USA from Norway's state-owned oil company for $24m], NYT, C4.
  5. Medical companies to merge [- MDS of Toronto & Phoenix International Life Sciences of Montreal, for $??], by Timothy Pritchard, NYT, C4.
2/24/2000  12 takeovers reported, totaling $6.8646B + $$undisclosed -
  1. German utility deal [- RWE A.G. to buy rival VEW A.G. for $4B], Bloomberg via NYT, C4.
  2. ADC Telecommunications to purchase PairGain [Technologies for $1.6B], Reuters via NYT, C4.
  3. Smurfit-Stone to buy St. Laurent [for $1B] in latest paper deal, by Timothy Pritchard, NYT, C4.
  4. OM Group to buy nickel refinery from Finnish company [Outokumpu Oyj for $185m], Bloomberg via NYT, C4.
  5. British surgical supplier breaks into American market [- Gyrus Group buys Everest Medical Corp. for $51.6m], Reuters via NYT, C4.
  6. Netopia Inc. [to buy WebOrder for $22m], Bloomberg via NYT, C4.
  7. Breakaway Solutions acquires DataCyr [for $6m], Dow Jones via Boston Globe, D9.
  8. Nestlé acquiring PowerBar, maker of nutrition items [for $??], AP via NYT, C4.
  9. Dana Corp. [of Toledo to buy majority stake in Tribometal A.S. of Slovakia for $??], NYT, C4.
  10. Massachusetts Mutual Life Insurance Co. [to buy a Hong Kong life insurance co. owned by Protective Life Corp. of Alab. and HKCB Bank Holding Co. for $??], NYT, C4.
  11. MemberWorks acquisition [of eNeighborhoods Inc. for $??], Bloomberg via NYT, C16.
  12. Winstar unit [Office.com] takes [80%] stake in Individual.com [for $??], Dow Jones via Bos Globe, D9.
2/23/2000  17 takeovers reported, totaling $24.7356B + $$undisclosed -
  1. Alcatel buys Newbridge in $7B stock swap, Bloomberg via Boston Globe, D2.
  2. Another big paper company acquisition - Stora Enso of Finland will buy Consolidatedd for $3.9B, by Claudia Deutsch, NYT, C2.
  3. SBC agrees to acquire Sterling for $3.9B, by Seth Schiesel, NYT, C6.
  4. Global Crossing will buy IXnet and IPC [Communications, IXnet's parent, for $3.8B], Reuters via NYT, C4.
  5. British insurance deal [- Royal London Mutual Insurance Society is buying United Assurance Group for $2.4B], AP via NYT, C4.
  6. MedicaLogic to acquire Medscape...[for $830.1m], Bloomberg via NYT, C4.
  7. Hercules and Lehman plan to buy Monsanto unit [- joint venture to buy Monsanto's Kelco biogum unit for $685m], Bloomberg via NYT, C4.
  8. Hercules and Lehman plan to buy Monsanto unit [- joint venture to buy Hercule's food-gums business for $550m], Bloomberg via NYT, C4.
  9. Motorola will acquire C-Port for $430m, Dow Jones via NYT, C4.
  10. MedicaLogic to acquire...Total eMed [for $405.5m], Bloomberg via NYT, C4.
  11. MRV in deal to purchase Fiber Optic Communications [for $263m], Bloomberg via NYT, C4.
  12. AES expands in Argentina [-acquires controlling stake in Neuquen province hydroelectric plant for $205m from Southern Co.], by Simon Romero, NYT, C4.
  13. Sage buying Faroudja in $155m deal, Dow Jones via NYT, C4.
  14. Wisconsin Savings institution [Mutual Savings Bank] buys a rival [First Northern Capital Corp., for $133m], Bloomberg via NYT, C4.
  15. Iron Mountain to buy Data Storage Centers [for $54m], Bloomberg via Boston Globe, D9.
  16. SBS Technologies Inc. [to buy SDL Communications for $25m], NYT, C4.
  17. German cable deal [- Callahan Assocs. International bought 55% of Deutsche Telekom's cable-TV unit in North Rhine-Westphalia for $??], Bloomberg via NYT, C4.
2/22/2000  4 takeovers reported, totaling $16.85B + $$undisclosed -
  1. 2 large insurers in Britain to merge in $12B deal [- CGU & Norwich Union], by Alan Cowell, NYT, C4.
  2. Power plant sale [- Vivendi of France to sell 21 U.S. powerplants to Reliant Energy for $2.1B], Bloomberg via NYT, C4.
  3. Advertising acquisition [- Havas Advertising of France bought Snyder Communications of Bethesda, Md. for $2.07B], AP via NYT, C4.
  4. Muppets are bought [- Jim Henson Co. bought by EM.TV & Merchandising for $680m], Bloomberg via NYT, C4.
2/19/2k  3 takeovers reported, totaling $505m + $$undisclosed -
  1. Air New Zealand to take over Ansett [by buying News Corp.'s 50% stake for $430m], AP via NYT, B2.
  2. Isle of Capri Casinos plans Missouri operations [by buying Davis Gaming Boonville for $75m], Bloomberg via NYT, B3.
  3. Japanese insurance merger [- Mitsui Marine & Fire Insurance and Sumitomo Marine & Fire Insurance to merge for $??], AP via NYT, B2.
2/18/2k  4 takeovers reported, totaling $1.61B + $$undisclosed -
  1. Brazilian power purchase [- Banco do Brasil's & Iberdrola's consortium to buy Companhia Energética de Pernambuco for $1B], by Simon Romero, NYT, C4.
  2. Lennar agrees to buy U.S. Home for $476m, Bloomberg via NYT, C4.
  3. National Information Consortium Inc. [to buy SDR Technologies for $134m], NYT, C4.
  4. Fedex Corp. [to buy Tower Group International from McGraw-Hill for $??], NYT, C4.
2/17/2000  8 takeovers reported, totaling $1.6865B + $$undisclosed -
  1. ATI Technologies to acquire California chip developer [for $400m], Reuters via NYT, C4.
  2. Brazil Internet purchase [- PT Multimedia of Portugal to buy Zip.net of Brazil for $365m], by Simon Romero, NYT, C4.
  3. Cisco buys producer of chips for networks [Growth Networks, for $355m], Bloomberg via NYT, C4.
  4. Healtheon/WebMD to acquire another web site [OnHealth Network, for $313m], Reuters via NYT, C4.
  5. [For $250m, Danaher Corp., Craftsman] Toolmaker, to acquire American Precision Industries, Bloomberg via NYT, C4.
  6. Purchase to give net marketer ad-tracking technology [- Be Free Inc. to buy TriVida Corp. for $185.9m], Bloomberg via NYT, C4.
  7. Times Mirror is selling Sporting News - Getting $100m for weekly and units [from Vulcan Ventures], by Alex Kuczynski, NYT, C4.
  8. Footstar plans to pick up some assets of Just for Feet [- its brandname, 79 superstores, 23 specialty stores, its Internet business, & corporate HQ, for 69.7+2.9= $72.6m], Bloomberg via NYT, C4.
2/16/2k  9 takeovers reported, totaling $1.747B + $$undisclosed -
  1. CheckFree Holdings buying a rival, TransPoint [from First Data & Microsoft for $1B]
  2. [For $535m overall] Citizens Utilities to sell electric divisions [- Az. & Vt. divisions to Cap Rock Energy & Kauai Electric of Hawaii to Kauai Is. Electric Co-op]
  3. Tower Automotive agrees to buy Dr. Meleghy [for $110m]
  4. Dycom to buy rival Niels Fugal for $84.1m
  5. Daniel Green Co. [to buy Penobscot Shoe for $17.8m], NYT, C4.
  6. Creative BioMolecules to merge with biotech firms [Ontogeny & Reprogenesis, to form Curis for $??]
  7. Texaco and Enron to combine some [Louisiana] natural gas units [for $??]
  8. Ingersoll Rand Co. [to buy Neal Mfg for $??]
  9. Kremlin insiders acquire big Siberian aluminum plants [for $??], by Neela Banerjee, NYT, C4.
2/15/2k  16 layoff-inducing takeovers reported, totaling $16.417B + $$undisclosed -
frustrated testosterone, self-deprived of expanding (payrolls &) markets, "forced" to expand by acquisition -
  1. Healtheon agrees to buy 2 [Martin Wygod-led] competitors [Medical Manager & CareInsite, for $5.2B], by Milt Freudenheim, NYT, C1.
    ["Why God," indeed! Ever notice how they only invoke "Competitiveness!" when they want to fire people, never when they want to forge a monopoly?! This deal runs into 'tough sledding' as Healtheon shares plunge 70% by mid-June & Healtheon winds up paying 52% more shares for Medical Manager, actually CareInsite's parent, thus reducing the value of the deal to $2.26B, if indeed the deal holds together at all - see "Healtheon to pay more shares for Medical Manager," 2/20/00, NYT, C4.]
  2. [Islandia-based] Computer Associates to buy Sterling Software [for $4B], Bloomberg via NYT, C4.
  3. Corning acts to increase optical networking business [- arranges to buy NetOptix for $2B], Reuters via NYT, C4.
  4. World Access to expand European operattions [with purchase of WorldxChange Communications for 709+225= $934m], Bloomberg via NYT, C4.
  5. CMGI to buy [80%] stake in Tallan, e-commerce consultant [for $920m], Bloomberg via NYT, C4.
  6. [NY] State in deal to sell off 2 A-plants [Indian Pt 3 & 'Jas. A. Fitzpatrick', to Entergy Corp. for 638+168= $806m], by Andrew Revkin, NYT, A28.
  7. Phone.com agrees to buy Onebox.com for $787m, Bloomberg via NYT, C4.
  8. Kerr-McGee to buy two [titanium dioxide pigment] plants [in Savannah & Rotterdam, from Kemira Oy, for $403m], Bloomberg via NYT, C4.
  9. [TTC, a] Dynatech unit, to buy Wavetek Wandel Goltermann [for $600m], Bloomberg via NYT, C4.
  10. ChoicePoint agrees to buy DBT Online for $423m, Bloomberg via NYT, C4.
  11. AT&T Corp. [to buy Pentagon-remora GRC International for $221m], NYT, C4.
  12. Power-One [to buy HC Power for $88m], NYT, C4.
  13. National Penn Bancshares [of Pa. to buy Korean-clienteled Panasia Bank of N.J. for $20.4m], NYT, C4.
  14. J. Baker to buy back old business - Agrees to purchase [Shoe Corp. of America] unit for $14.5m that it sold in 1997, by Chris Reidy, Boston Globe, C12.
    [The yoyos ruling corporate America keep jerking themselves around (& off).]
  15. H&R Block consolidates [- merges retail operations of its Option One Mtg Corp. & Assurance Corp. of America units for $??], Bloomberg via NYT, C8.
  16. Deal for Swiss drug labs [- Solutia to buy CarboGen Laboratories for $??], Bloomberg via NYT, C12.
2/14/2k  2 weekend takeovers reported, totaling $500m + $undisclosed (to count this coming week) -
  1. Deutsche Telekom net deal reported [- to buy 51% of Kirch Group's Beta Research unit for $500m], AP via NYT, C2.
  2. Omnicom unit buys agency in Canada [- Interbrand Group in NYC buys Tudhope Assocs. in Toronto for $??], by Stuart Elliott, NYT, C18.
2/12/2k  5 takeovers reported, totaling $8.741B + $$undisclosed -
  1. Equity Office [Properties Trust] to buy Cornerstone Properties [for 2.8+1.8= $4.6B], AP via NYT, B3.
  2. 2 top newsprint producers in Canada agree to merge [for $4B] - Analysts say Donohue is a gain for Abitibi[-Consolidated], by Timothy Pritchard, NYT, B2.
  3. Alpha Industries to take over Network Device [for $141m], Dow Jones via NYT, B3.
  4. Maple Leaf Foods [of Toronto] to acquire Hub Meat Packers [of Moncton, N.B. & Larsen Packers of N.S., for $??], Dow Jones via NYT, B3.
  5. Andrx is set to purchase Valmed Pharmaceutical [for $??], Bloomberg via NYT, B3.
2/11/2k  10 takeovers reported, totaling $2.711B + $$undisclosed -
  1. Aether is buying Riverbed for $800m, Dow Jones via NYT, C4.
  2. Ingersoll-Rand agrees to sell pump unit [Ingersoll-Dresser Pumps] to Flowserve [for $775m], Dow Jones via NYT, C4.
    [Exact unit name from 7/21/00 NYT C3.]
  3. [CMGI] venture company is acquiring uBid for $407m, Reuters via NYT, C4.
  4. Equifax agrees to buy [for $260m, P.L.] Polk consumer information unit, Dow Jones via NYT, C4.
  5. General Cable is selling several businesses to Pirelli [for $216m], Dow Jones via NYT, C4.
  6. TCBY agrees to a cash buyout by Capricorn Investors [III, for $140m], AP via NYT, C4.
  7. SunSource says it is selling [$105m] majority stake in two [repair-parts] units [Kar Products and A&H Bolt & Nut, to Glencoe affiliates, GC Sun Holdings], Bloomberg via NYT, C4.
  8. Cambridge Technology sells Web site unit [Cambridge Information Network, to EarthWeb for $8m], Dow Jones via Boston Globe, E5.
  9. Eagle Electronic to become division of Cooper Industries [for $??], Bloomberg via NYT, C4.
  10. Central Newspapers Inc. [to sell its Westech job-fair business and Incpad.com job-search Internet site to BrassRing recruitment for $??], NYT, C4.
2/10/2k  14 takeovers reported, totaling $86.462B + $$$undisclosed -
is it just our imagination, or are we getting not only an income gap in our economy but a gap in the middle range of takeover valuations? -
  1. Oil merger approved [- Elf "cleared for takeover" by EC in $49B purchase by TotalFina], AP via NYT, C4.
  2. NatWest is said to concede it will be bought [for $36.9B by Royal Bank of Scotland], by Andrew Sorkin, NYT, C1.
  3. Diebold purchases European A.T.M. businesses [of Getronics of Netherlands & Groupe Bull of France for $160m], Dow Jones via NYT, C4.
  4. Paxar to sell its International Imaging Materials unit [for $127.5m], Dow Jones via NYT, C4.
  5. Landry's Seafood Restaurants to buy Rainforest Cafe [for $125m], Bloomberg via NYT, C4.
  6. Peregrine Systems agrees to acquire Telco Research [for $110m], Dow Jones via NYT, C4.
  7. Deal blends day trading and an electronic network - Tradescape acquiring MarketXT System [for $100m], by David Barboza, NYT, C2.
  8. Nortel [Networks] acquires [Dimension Enterprises for $64.5m] to bolster Internet business, Reuters via NYT, C4.
  9. Group 1 Automotive [bought 6 car dealerships in Boston, New Orleans & northern Florida for $??], NYT, C4.
  10. Club Med buys ski resort [Crested Butte Marriott Resort for $??], Bloomberg via NYT, C2.
  11. Euro RSCG [in NYC] acquires majority of 2 agencies for $?? [e.g., Lena Chow Advertising in Palo Alto to become Lena Chow Euro RSCG - how catchy, not], by Patricia Lauro, NYT, C8.
  12. Euro RSCG acquires majority of 2 agencies for $?? [e.g., Remtulla & Assocs. in Montreal & Toronto to become Remtulla Euro RSCG], by Patricia Lauro, NYT, C8.
  13. Interpublic [in NYC] in deals for two agencies for $?? [e.g., Production Design Group in NYC acquired by Interpublic's Allied Communications' Jack Morton Co. in NYC - nested chaos], by Patricia Lauro, NYT, C8.
  14. Interpublic in deals for two agencies for $?? [e.g., M. Gould & Co. in San Francisco], by Patricia Lauro, NYT, C8.
2/09/2k  another 15 takeovers reported, totaling $1.3263B + $$undisclosed -
  1. Phone.com to buy Paragon [Software] for $500m, Reuters via NYT, C4.
  2. Galileo [International] agrees to acquire remaining [80%] stake in Trip.com [for $269m], Dow Jones via NYT, C4.
  3. Litton sells its Weather Services [International] unit for $120m [to Landmark Communications], Reuters via NYT, C4.
  4. Oneok buys [Kinder Morgan's natural] gas plants & pipelines in Ok., Kan., & Tex. for $114m], Bloomberg via NYT, C12.
  5. Primus [Telecommunications] to expand in European market with acquisition [of LCR Telecom Group $105.3m], Bloomberg via NYT, C4.
  6. ECI Telecom to buy Hubble unit [WavePacer] for around $90m, Bloomberg via NYT, C4.
  7. FTI Consulting Inc. [to buy Policano & Manzo for $50m], NYT, C4.
  8. Lycos plans to expand online clubs with acquisition [of Valent Software for $45m], Bloomberg via NYT, C4.
  9. Team America Corp. [to be bought by Global Employment Solutions for $33m], NYT, C4.
  10. Scotts Co. [to sell its No. American professional turf business to Andersons Inc. of Ohio & Nu-Gro Corp. of Ontario, Canada for $??], NYT, C4.
  11. Schroders Japanese [cash equity] unit sold [to Credit Suisse First Boston for $??], Reuters via NYT, C4.
  12. Miscellany [- Havas Advertising's Euro RSCG Worldwide unit in NY bought Bikker Communication Group in Amsterdam for $??], by Stuart Elliott, NYT, C8.
  13. Miscellany [- WPP Group's Hill & Knowlton unit in NY bought Premio in Mexico City for $??], by Stuart Elliott, NYT, C8.
  14. Miscellany [- 360 bought Shoestring Studios (both in Atlanta) for $??], by Stuart Elliott, NYT, C8.
  15. Bidder's Edge to be bought by OpenSite [for $??], by Hiawatha Bray, Boston Globe, D5.
2/08/2k  15 takeovers reported, totaling $113.243B + $$undisclosed -
  1. Pfizer completes takeover of Warner-Lambert in $93.9b deal, Bloomberg via Boston Globe, D2.
  2. Kana, a software maker, to buy Silknet [for $4.2b], Reuters via NYT, C4.
  3. Canadian cable deal [- Rogers Communications buying Groupe Vidéotron via $4.1b share swap], by Timothy Pritchard, NYT, C4.
  4. Lucent acquiring Ortel, developer of cable TV parts [for $2.95b], AP via NYT, C4.
  5. InterVU to be bought by Akamai, web software maker [for $2.8b], Bloomberg via NYT, C4.
  6. Phillips, Chevron chemical units to join [in $1.6b deal], Bloomberg via Bos Globe, D6.
  7. BB&T in $1.2b stock deal for One Valley Bancorp, Reuters via NYT, C4.
  8. Corel raises bet on Linux [- to buy Inprise/Borland for $1b], by Timothy Pritchard, NYT, C4.
  9. Bestfoods buying into Brazilian company [- paying $490m for control of Arisco Produtos Alimenticios], by Simon Romero, NYT, C4.
  10. UtiliCorp United to purchase TransAlta's Alberta unit [for $450m], Bloomberg via NYT, C4.
  11. Visual Networks agrees to buy Avesta Technologies [for $415m], Reuters via NYT, C4.
  12. Huntington [Bancshares] to buy Empire, a Michigan banking company [for $138m], Dow Jones via NYT, C4.
  13. Weyerhauser Co. [to sell its custom-made door business to Saunders Karp & Megrue, Stamford for $??], NYT, C4.
  14. Ingersoll-Rand [of NJ] bought Sambron [of France, for $??], NYT, C4.
  15. Arrow Electronics to buy Tekelec Europe for $??], NYT, C4.
2/05/2k  7 takeovers reported, totaling $723m + $$undisclosed -
  1. Monsanto set to sell sweetener business to Tabletop [Acquisition Corp. for $570m], Reuters via NYT, B3.
  2. Terayon, cable modem maker, agrees to buy Tyco unit [Raychem Access Network Electronics, for $90m], Dow Jones via NYT, B3.
  3. Molex Inc. [to buy Beau Interconnect unit of Axsys Technologies for $31.8m], NYT, B3.
  4. Canadian software deal [- FutureLink of Calif. to buy Charon Systems of Toronto for $31.4m], Bloomberg via NYT, B3.
  5. KeySpan Services doubles its size with 3 acquisitions [e.g., Paulus Sokolowski & Sartor, for $??], Dow Jones via NYT, B3.
  6. KeySpan Services doubles its size with 3 acquisitions [e.g., WDF Inc., for $??], Dow Jones via NYT, B3.
  7. KeySpan Services doubles its size with 3 acquisitions [e.g., Roy Kay Inc., for $??], Dow Jones via NYT, B3.
2/04  10 more takeovers reported, totaling record-breaking $185.093B + $$undisclosed -
  1. $183 billion deal in Europe to join 2 wireless giants - Largest takeover ever - Vodafone's hostile pursuit of Mannesmann made use of Wall St.-style tactics, by Andrews and Sorkin, NYT, front page.
  2. VA Linux is buying Andover.Net for $1B, AP via NYT, C4.
  3. Big Czech bank sold [- 52% of Ceska Sporitelna sold by Czech gov't to Erste Bank der Österreichischen Sparkassen for $515m], by Ladka Bauerova, NYT, C4., Bloomberg via NYT, C4.
  4. Israeli company [BATM Advanced Communications] agrees to acquire World Access unit [Telco Systems, for $326m], Dow Jones via NYT, C4.
  5. In separate deals, Intel is buying Ambient and Thinkit [- Ambient Technologies for $150m], Bloomberg via NYT, C4.
  6. Value City subsidiary [Base Acquisition Corp., for 15+74= $89m] is acquiring Filene's Basement, AP via NYT, C4.
    [Value of deal from today's Boston Globe, C1.]
  7. Bank of Montreal [in Toronto, to buy Village Banc of Naples, Fla. for $13.4m], NYT, C4
    [Ouch, it still hurts that the Bank of Montreal moved to Toronto.]
  8. In separate deals, Intel is buying Ambient and Thinkit [- Thinkit Technologies for $??], Bloomberg via NYT, C4.
  9. Parker Hannifin acquires Gresen Hydraulic from Dana [for $??], Dow Jones via NYT, C4.
  10. SPS Technologies agrees to buy Avibank Manufacturing [aerospace hardware mfr, for $??], Reuters via NYT, C4.
2/03/2k  10 takeovers reported, totalling $1.659B + $undisclosed -
  1. Schwab is in $488m deal for broker [Cybercorp], AP via NYT, C4.
  2. Wells Fargo in $480m deal for First Commerce, Dow Jones via NYT, C4.
  3. U.S. Interactive agrees to buy SoftPlus for $372m, Bloomberg via NYT, C4.
  4. Publicis Group is acquiring Fallon McElligott [for $120m], catching Madison Avenue off guard, by Stuart Elliott, NYT, C10.
  5. Creditors [led by Citibank Mexico, Banca Serfin & Bank of New York] take over Bufete [Industrial for $80m], by Dan Fineren, NYT, C4.
  6. FutureLink is in $57.5m deal for consulting firm [Madison Technology], Bloomberg via NYT, C4.
  7. Fresh Samantha acquired [by Odwalla for $27m], Bloomberg via NYT, C2.
  8. Hong Kong company is acquired [- Hambrecht & Quist Asia Pacific Grp et al. buying Acme Landis Holdings for $26m], Bloomberg via NYT, C4.
  9. Wedding site in deal [- Knot dot-com to buy Weddingpages for $8.5m], Reuters via NYT, C8.
  10. R. R. Donnelley Logistics Services [bought CTC Distribution Direct for $??], NYT, C4.
2/2  5 takeovers reported, totalling $455m + $undisclosed -
  1. NBC Internet agrees to buy AllBusiness.com [for $225m], Bloomberg via NYT, C4.
  2. Schlumberger to buy maker of energy data networks [CellNet Data Systems, for 55+120 = $175m], Bloomberg via NYT, C4.
  3. Aspect Communications to acquire software producer [PakNetX Corp. for $55m], Bloomberg via NYT, C4.
  4. W.R. Grace & Co. [bought Crosfield Group's hydroprocessing catalyst business from Imperial Chemical Industries for $??], NYT, C4.
  5. Holland & Knight acquires Chicago firm [Burke, Weaver & Prell, for $??], by Steven Wilmsen, Boston Globe, F9.
2/01  8 takeovers reported, totalling $1.711B + $$undisclosed -
  1. El Paso [Field Services Co. unit, for 279+561= $840m] to buy natural gas businesses of P.G.&E. [units: PG&E Gas Transmission, Texas Corp., & PG&E Gas Transmission Teco], Dow Jones via NYT, C4.
  2. Jason to be acquired by manager-led investor group [Saw Mill Capital Fund II LP, for $335m], Dow Jones via NYT, C4.
  3. Transportation Technologies agrees to a buyout [by investor group led by its own Chair/CEO & Pres./COO for $221m], Dow Jones via NYT, C4.
  4. [Microsoft-controlled] Expedia Inc. agrees to buy two travel web sites [Travelscape.com and VacationSpot.com, for $161m], Bloomberg via NYT, C4.
  5. Waste Management to sell Finland business [to Lassila & Tikanoja for $100m], NYT, C4.
  6. Standard Pacific Inc. [to buy Writer Corp. construction for $54.4m], NYT, C4.
  7. Hon Industries Inc. [to buy Allied Group and American Fireplace for $??], Bloomberg via NYT, C4.
  8. 2 Omnicom units form new agency [- Frank J. Corbett & the Chicago office of DDB Worldwide have formed DDB Corbett, for $??], by Stuart Elliott, NYT, C4.
1/29/2k  5 more takeovers reported, totalling $342.5m
  1. Wellspring [Capital Mgmt] buys 97% of Paragon [Trade Brands] for $115m, Dow Jones via NYT, B3.
  2. [For $92m, Leapnet,] Chicago ad firm to buy SPR, computer services company, Dow Jones via NYT, B3.
  3. Veritas [Capital Fund] cash price for [Advance Technical Products] is cut to $67m, Dow Jones via NYT, B3.
  4. International Rectifier to buy Zing [Technologies] for $28.5m, Bloomberg via NYT, B3.
  5. Iteq Inc. [to sell its HMT storage tank-maintenance unit to Nassau Pt Investors-led firm for $40m], NYT, B3.
1/28  5 takeovers reported, totalling $670m + $$undisclosed
  1. Onex of Canada to buy metal building products maker [Jannock Ltd., for $445m], Dow Jones via NYT, C4.
  2. Software company's deal to give it directory products [- BindView to buy Entevo for $125m], Dow Jones via NYT, C4.
  3. MetLife acquiring [for $100m?, group workplace benefits division] of Business Men's Assurance, Dow Jones via NYT, C4.
  4. Galileo International Inc. [to buy Travel Automation Services in England from British Airways for $??], NYT, C4.
  5. Ad shop Lois Paul acquired by Omnicom subsidiary [for $??], by Chris Reidy, Boston Globe, C3.
1/27  9 takeovers reported, totalling $6.65B + $$undisclosed
  1. France Télécom to buy out its partners in Global One [for $4.3B], Bloomberg via NYT, C4.
  2. Qualcomm to acquire SnapTrack for $1B, Reuters via NYT, C4.
  3. BroadVision to expand its wireless commerce business [- by buying Interleaf for $877m], Reuters via NYT, C4.
  4. Breakaway to acquire Eggrock in $252m deal, by Ross Kerber, Boston Globe, E7.
  5. Pennsylvania bank deal [- Sterling Financial to buy Hanover Bancorp for $102.5m], Dow Jones via NYT, C8.
  6. Copper Mountain Networks [to buy OnPrem Networks for $75m], NYT, C4.
  7. Wireless acquisition deal [- Aether Systems to buy LocusOne Communications for $40m], Dow Jones via NYT, C10.
  8. National Energy Choice sells for $4m in cash, stock [to NewEnergy Inc.], by Peter Howe, Bos Globe, E7.
  9. Ford to gain control [- acquiring a second 45% interest in South African Motor from Anglo American Corp. of So. Africa for $??], by Henri Cauvin, NYT, C4.
1/26  8 takeovers reported, totalling $2.1649B + $$undisclosed
  1. Thomson expected to buy Sylvan [Learning Systems] testing unit [for $775m], by Doreen Carvajal, NYT, C4.
  2. Ask Jeeves buys Internet search business [Direct Hit Technologies] in [$506.9m] stock swap, Dow Jones via NYT, C4.
  3. USA Networks expanding its online retailing presence [with $500m majority stake in Styleclick.com], Dow Jones via NYT, C4.
  4. RealNetworks expands multimedia services in buyout [of Netzip for $268m], Bloomberg via NYT, C4.
  5. Marconi sells Network Components and Services unit [in Europe & China to Viasystems Group for $115m], Dow Jones via NYT, C4.
  6. Castle Harlan Inc. [joined target's sr. mgmt to buy Ion Track Instruments for $??], NYT, C4.
  7. Merging Led Zeppelin and Sinatra [- AOL-Time Warner to buy EMI Group for $??], blowout headline, NYT, C1.
  8. Lighthouse Global buys Morgen-Walke agency [for $??], by Constance Hays, NYT, C10.
1/25/2000  13 takeovers reported, totalling $6.4385B + $undisclosed
  1. Healtheon[/WebMD] is buying unit of Quintiles [Envoy Corp., for $2.5B], Reuters via NYT, C3.
  2. Clariant [Swiss] to buy BTP [British, for $1.8B], by Alan Cowell, NYT, C3.
  3. Carnival to acquire Fairfield, time-share operator [for 775+50= $825m], Dow Jones via NYT, C3.
  4. Third Wave Technologies being bought by PE [Biosystems Group of PE Corp. for $336m], Dow Jones via NYT, C3.
  5. Masco to buy Tvilum-Scanbirk, home products maker [for $300m], Reuters via NYT, C3.
  6. GlobeSpan to acquire unit of PairGain Technologies [for 145+90= $235m], Dow Jones via NYT, C3.
  7. Citadel in deal to purchase Bloomington Broadcasting [for $176m], Bloomberg via NYT, C3.
  8. Evans Systems agrees to buy I-Net Holdings [for $142.5m], Bloomberg via NYT, C3.
  9. Virata agrees to acquire voice software developer [D2 Technologies, for $90m], Dow Jones via NYT, C3.
  10. 37 Popeyes outletts bought [by Interfoods of America for $34m from Ellis Enterprises], Bloomberg via NYT, C9.
  11. Norsk Hydro [aluminum, to buy Wells Aluminum Corp. for $??], NYT, C3.
  12. Los Angeles Magazine is sold [by Walt Disney to Emmis Communications for $??], Reuters via NYT, C2.
  13. Federated Investors buys UAM software unit [InvestLink Technologies, for $??], Bloomberg via Boston Globe, D9.
1/22  5 takeovers reported, totalling $959m + $undisclosed
  1. FrontLine Capital buying CarrAmerica [Realty] offices unit [HQ Global Workplaces, for $380m], Reuters via NYT, B3.
  2. Kraft Foods acquiring Balance Bar for $268m, AP via NYT, B3.
  3. Starwood to sell San Francisco hotel [Westin St. Francis] to Blackstone['s BRE/St. Francis unit for $243m], Bloomberg via NYT, B3.
  4. Mercantile Bankshares to acquire Union National [for $68m], Reuters via NYT, B3.
  5. U.S. Concrete agrees to acquire a Texas competitor [for $??], Dow Jones via NYT, B3.
1/21/2000  another 11 takeovers reported, totalling $4.2047B + $undisclosed
  1. CMGI strengthens its online advertising [- Engage Technologies buys Adsmart Network & Flycast Communications for $2.6B, all 3 controlled by CMGI], Reuters via NYT, C3.
  2. Cnet to buy comparison-shopping web site [mySimon.com, for $700m], Reuters via NYT, C3.
  3. Omega Research to buy OnlineTradinginc.com [for $300m], Dow Jones via NYT, C3.
  4. Lionbridge to buy Int'l.com for $190m [- web translation firm buying its rival (BG)], Dow Jones via NYT, C3.
  5. Swedish Match to buy [$170m 64%] stake in General Cigar, Bloomberg via NYT, C3.
  6. Concord [Communications] to purchase FirstSense Software [for $101m], Bloomberg via NYT, C3.
  7. VitriSeal to buy Thermofloe...[for $54.1m], Bloomberg via NYT, C3.
  8. VitriSeal to buy...Liquitek [for $32.3m], Bloomberg via NYT, C3.
  9. About.com to buy ExpertCentral.com [for $30.7m], Bloomberg via Bos Globe, C5.
  10. Softbank [buys $26.6m 61.5%] stake in Hong Kong['s Cheung Wah Development], Reuters via NYT, C3.
  11. Canadian Imperial Bank of Commerce [to buy St. Anthony Bancorp & a unit St. Anthony Bank in Illinois for $??], NYT, C3.
1/20/2000  11 takeovers reported, totalling $2.374B + $$undisclosed
  1. Northern States to buy eastern power plant interests [- 4 coal-fired plants & stakes in 2 others from Conectiv for $800m], Bloomberg via NYT, C4.
  2. Cisco Systems agrees to buy pair of companies [Altiga Networks & Compatible Systems, for $567m], Dow Jones via NYT, C4.
  3. Agrium to purchase Unocal agricultural products unit [for $325m], Reuters via NYT, C4.
  4. Dayton Superior agrees to [$315m] buyout by investment firm [Odyssey Investment Partners], Bloomberg via NYT, C4.
  5. Cabletron Systems to sell manufacturing operations [in NH & Ireland to Flextronics International for $100m], Dow Jones via NYT, C4.
  6. ViaSat to acquire Scientific-Atlanta satellite business [for $75m], Dow Jones via NYT, C4.
  7. [60%] Aluminum supplier stake [in Reycan of Canada bought by British-Dutch steel firm Corus for $71m], Dow Jones via NYT, C14.
  8. Digital Island buys Live on Line, a web video provider [for $70m], Dow Jones via NYT, C4.
  9. Metromedia Fiber Network Inc. [bought network builder MIBH Inc. for $51m], NYT, C4.
  10. Spanish bank buys Brazilian concern [- Banco Santander Central Hispano for $?? buys 97% of Grupo Financeiro Meridional made up of Banco Meridional & Banco de Inversiones Bozano Simonsen], by Al Goodman, NYT, C4.
  11. Phila. law firm acquires Goldstein & Manello [for $??], by Steven Wilmsen, Boston Globe, D9.
1/19  13 takeovers reported, totalling $39.9439B + $$undisclosed
  1. El Paso agrees to buy Coastal in [9.75+5+0.8= $15.55B] stock swap, Reuters via NYT, C4.
  2. JDS Uniphase to acquire E-Tek for $15.5B in stock, Bloomberg via Boston Globe, C2.
  3. Portuguese bank merger [- Banco Espirito Santo SA and BPI-SGPS SA in $3.61B deal] ["Holy Spirit Bank"?! - talk about "making my Father's House a den of thieves and robbers" (Mark 11:17)!], Bloomberg via NYT, C4.
  4. Citigroup plans to buy [last independent London investment bank] unit from Schroeders for $2.2B, by Patrick McGeehan, NYT, C1., Bloomberg via NYT, C4.
  5. Old Mutual [of So. Africa] reaches deal [to buy Gerrard Group PLC for $857m], Dow Jones via NYT, C4.
  6. Emerson Electric acquires European power provider [for $725m], AP via NYT, C4.
  7. U.S. Industries to sell unit to venture-capital group [Vectura Holdings, for 600+9= $609m], Dow Jones via NYT, C4.
  8. HA-LO Industries to expand its promotional business [by buying Starbelly.com for $240m], Reuters via NYT, C4.
  9. Akamai plans to buy closely held software company [Network24 Communications, for $200m], Bloomberg via NYT, C4.
  10. Software makers agree to merge in $180.7m deal [- OnDisplay to buy Oberon Software], Bloomberg via NYT, C4.
  11. Trucking companies mmerge in $149m stock deal [- USFreightways to buy Transport Corp. of America], Dow Jones via NYT, C4.
  12. Broadcom will expand chip business through merger [with BlueSteel Networks for $123.2m], Bloomberg via NYT, C4.
  13. [United News & Media PLC's United Advertising Publications unit,] British publisher, buys Boston Parents' Paper [for $??], by Peter Howe, Boston Globe, C9.
1/18  10 takeovers reported, totalling $77.011B + $$undisclosed
  1. Behind biggest drug merger, quest for a research pipeline [- Glaxo Wellcome to acquire SmithKline Beecham for $76B], by Andrew Sorkin, NYT, C1.
  2. Parker Hannifin to buy Commercial Intertech [for 366+107= $473m], AP via NYT, C4.
  3. Siemens to acquire Moore Products, instrument maker [for $170m], Dow Jones via NYT, C4.
  4. Baltimore Technologies buying CyberTrust from GTE [for $150m], Reuters via NYT, C4.
  5. ScanSoft to acquire Caere, a digital imaging rival [for $143.4m], Bloomberg via NYT, C4.
  6. Whole Foods to buy natural foods supermarket chain [Natural Abilities, for $25m], Dow Jones via NYT, C4.
  7. Centennial Cellular [to acquire 70% of All America Cables & Radio for $25m], NYT, C4.
  8. Gretag [Imaging Holding] completes acquisition of U.S. printer maker [Sienna Imaging, for (20.5+29)/2= $24.75m], Bloomberg via NYT, C4.
  9. Arrow Electronics Inc. [to buy majority of Rapac Electronics' distribution business for $??], NYT, C4.
  10. R. R. Donnelley & Sons [bought Omega Studios for $??], NYT, C4.
1/14/2000  4 takeovers reported, totalling $1.866B
  1. Tyco to sell auto auction unit [ADT Automotive, to Mannheim Auctions Inc.] for $1B, Reuters via NYT, B3.
  2. Berkshire Hathaway unit to acquire furniture concern [Cort Business Corp., for 384+83= $467m], Reuters via NYT, B3.
  3. Mail-Well to acquire American Business Products [for 295+39= $334m], Dow Jones via NYT, B3.
  4. Equity Residential to acquire Globe Business Resources [for $65m], Dow Jones via NYT, B3.
1/14/2000  6 takeovers reported, totalling $5.7473B
  1. [Charles] Schwab to pay $2.73B for U.S. Trust, by Patrick McGeehan, NYT, C1. [Guess that means Royal Bank of Scotland Citizens Financial unit's $1.4B purchase of U.S. Trust on 6/22/99 failed. But wait! It can't have failed, because the Boston Herald had an article 2 days ago (1/12) on p. 36 titled "Citizens completes $1.4B UST takeover". Is it remotely possible that there are TWO US Trust's, one (USTrust) a "mid-size bank" with "free checking and savings accounts" (Herald) bought by Citizens, and one (U.S. Trust) a "money manager that caters to the wealthiest Americans" (Times) bought by Schwab, and neither of them referenced in the other one's articles?! Bizarre!]
  2. Thomson[-CSF of France] will buy Racal [Electronics of Britain for $2.17B], by John Tagliabue, NYT, C5.
  3. British radio deal [- Scottish Media Group to buy Ginger Media Group for 110+75+40= £222m= $365.29m, Bloomberg via NYT, C5.
  4. Willis Stein pays $282m for majority of Orius, NYT, C5.
  5. E*Trade to buy remainder of its British joint venture [E*Trade U.K. from Electronic Share Information for $100m], Reuters via NYT, C5.
  6. Cypress Group is acquiring majority of HomeRuns.com [for $100m], Dow Jones via NYT, C5.
1/13  7 takeovers reported, totalling $5.135B + $$undisclosed
  1. Boeing seen in [$3.75B] acquisition of Hughes satellite unit, blowout headline, NYT, C1 [takeover confirmed 1/14 NYT C5].
  2. Bosch unit is sold [- private network telecoms unit sold by Robert Bosch GmbH for $530m to Kohl Kravis Roberts & Co.], Bloomberg via NYT, C3.
  3. Sage Group of Britain to purchase software company [Best Software of Va., for $445m], Bridge News via NYT, C3.
  4. Iowa insurer [American Mutual Holding Co., for $368m] agrees to buy Indianapolis Life Insurance, Bloomberg via NYT, C3.
  5. Drugstore.com's purchase of Beauty.com [for $42m] expands line, AP via NYT, C3.
  6. Applied Materials to purchase Etec Systems [for $??], Reuters via NYT, C3.
  7. Apartment rentals deal [- Cendant's CompleteHome.com unit bought MetroRent for $??], Dow Jones via NYT, C22.
1/12  15 takeovers reported, totalling $7.535B + $$undisclosed
  1. Counteroffer made for Esat [- British Telecoms to acquire Esat Telecom Gp in Ireland for $2.46B], Bloomberg via NYT, C4.
  2. Bank deal in Portugal [- Banco Comercial Portugués to pay $1.3B for 51% of Banco Mello and Companhia de Seguros Império], Bloomberg via NYT, C4.
  3. McKesson HBOC to sell water unit to Danone [for $1.1B], Bridge News via NYT, C4.
  4. ETrade cleared to finish [$1.1B] Telebanc buy, Bloomberg via Boston Globe, D5.
  5. Pegasus Communications will buy Golden Sky Holdings [for 690+373m= $1.063B], Reuters via NYT, C4.
  6. Publicis will acquire promotion agency [Frankel in Chicago, for ((140+150/2)+170)/2= $157.5m], by Jane Levere, NYT, C9.
  7. Manpower to buy Elan, an employment concern [for $145m], Dow Jones via NYT, C4.
  8. CyberSource to buy web gift certificate company [ExpressGold, for $72m], Dow Jones via NYT, C4.
  9. Project Software buy [of Intermat from Strategic Distribution for $55m], Dow Jones via Bos Globe, D9.
  10. Exodus and KeyLabs in $43m deal [- Exodus to buy KeyLabs for $43.5m], Bloomberg via NYT, C8.
  11. Vignette Corp. [to buy Engine 5 Ltd. for $26m], NYT, C4.
  12. Spire gains $13m on optoelectronics sale [- sells unit to Methode Electronics of Chicago for $13m], by Jerry Ackerman, Bos Globe, D4.
  13. Montana Power Co. [bought One Call Locators for $??], NYT, C4.
  14. Pennzoil-Quaker in [$??] deal [for Sagaz Industries], Bloomberg via NYT, C8.
  15. Nextera makes 2 deals [including 1 takeover - bought Cambridge Economics for $??], Dow Jones via Bos Globe, D9.
1/11  19 takeovers reported, totalling $170.149B + $$undisclosed = daily valuation record
  1. America Online agrees to buy Time Warner for $165 billion; media deal is richest merger...- Surging stock allows fledgling to acquire industry's giant, by Saul Hansell, NYT, front page.
    [Best comment - Tom Tomorrow's cartoon on op ed page (A31) - Wanda & Biff, a positive well-adjusted middle American couple straight out of the 50s discuss the merger over coffee in 4 frames: [Followup - "Marriage off to rocky start - AOL Time Warner union shows little bang for buck," by Peter Howe, 4/28/2002 BG, C1.]

  2. Nextlink to acquire Concentric Network [for $2.9B], Reuters via NYT, C4.
  3. Vignette, a software maker, to buy DataSage [for $553.6m], Bloomberg via NYT, C4.
  4. Carolina First agrees to acquire Anchor Financial [for $360m], Dow Jones via NYT, C4.
  5. PennCorp Financial to sell some insurance units for $300m [including Southwestern Life Insurance, Security Life & Trust Insurance, and its insurance operations in Waco, Tex. = Good Move!], Dow Jones via NYT, C4.
  6. Telstra in Australia to buy OzEmail [for $196m], Dow Jones via NYT, C4.
  7. TSI, instrument maker, approves suitor's [JJF Acquisition's] revised bid [of $180m], Bloomberg via NYT, C4.
  8. Raytheon says it will sell flight simulator business [to L-3 Communications for $160m], Reuters via NYT, C4.
  9. Software company sold [- 2order.com sold to Primus Knowledge Solutions for $90m], Bloomberg via NYT, C2.
  10. A deal is made for brickmaker [- General Shale to buy Cherokee Sanford Group for $81m], Dow Jones via NYT, C2.
  11. 24/7 Media buys two online advertising companies [e.g., Imake Software & Services, for $75m], Bloomberg via NYT, C4.
  12. 24/7 Media buys two online advertising companies [e.g., Sabela Media, also for $75m], Bloomberg via NYT, C4.
  13. Emerson is selling a unit [BI Technologies, to TT Group for $65m], Bloomberg via NYT, C15.
  14. Thermo Electron Corp. [sold its refrigeration unit, FES, to GEA of Germany for $54.7m], NYT, C4.
  15. Gtech Holdings Corp. [to buy On-Point Technology Systems for $48.6m], NYT, C4.
  16. CoPharma buys Ligand assets, Hopkinton [Mass.] plant [for $10m], by Ronald Rosenberg, Boston Globe, D11.
  17. G.M. agrees to purchase remaining half of Saab [for $??], by Robyn Meredith, NYT, C6.
  18. Mexican-U.S. glass deal [- Vitro to buy Harding Glass for $??], Bloomberg via NYT, C6.
  19. Energy Management sells 2 power plants [to El Paso Energy for $??], by Peter Howe, Bos Globe, D11.
1/08  7 takeovers reported, totalling $1.945B + $$$undisclosed
  1. McLeodUSA to acquire Splitrock Services [for $1.75B], Bloomberg via NYT, B3.
  2. Investment firm to acquire metal castings companies [- Carlyle Group to buy Trimin Enterprises and Tritech Precision for $195m], Reuters via NYT, B3.
  3. Refco Group to buy discount futures brokerage firm [Lind-Waldock, for $??], Bloomberg via NYT, B3.
  4. Sysco agrees to buy fruit and vegetable distributor [FreshPoint Holdings, for $??], Bloomberg via NYT, B3.
  5. Applied Industrial Technologies enters Canadian deal [-to buy Dynavest's 24 bearing & power transmission service centers, 15 HyPower fluid power service centers, 3 All Agro agricultural distribution centers & a warehouse, all in western Canada, for $??], Bloomberg via NYT, B3.
  6. Taiwan chip merger [#2 (see 12/31 for #1) - Taiwan Semiconductor Mfg to buy Worldwide Semiconductor Mfg for $??], Bloomberg via NYT, B2.
  7. Dean [Architectural Alliance &] Margulies [& Assocs.] companies merge [for $??], Boston Globe, E1.
1/07  3 takeovers reported, totalling $858m
  1. Nortel is buying Promatory Communications [for $778m], Reuters via NYT, C4.
  2. Rentokil [Initial PLC] is selling [for $80m, DSI Transports, its US] distribution business to Trimac, Dow Jones via NYT, C4.
  3. International Business Machines Corp. [sold most of its home-networking business to Spencer Trask & Co. for $??], NYT, C4.
1/06  6 takeovers reported, totalling $566.9m
  1. Duke Energy to acquire natural gas pipeline operator [East Tennessee Natural Gas, for $386.3m from El Paso Energy], AP via NYT, C4.
  2. Red Hat to buy provider of Internet payment software [Hell's Kitchen Systems, for $85.6m], Dow Jones via NYT, C4.
  3. Perot Systems sells [40%] stake in Swiss software company [Systor, for $55m to UBS A.G. of Zurich, Europe's No. 2 bank, which has already acquired 60% & we haven't counted yet], Bloomberg via NYT, C4.
  4. [Ariad Pharmaceuticals, a Cambridge, Mass.-based] Biotechnology company sells [50%] Genomics Center stake [for $40m and certain drug & technology rights, to joint venture partner Aventis S.A.], Bloomberg via NYT, C4.
  5. Keebler selling two plants to Consolidated Biscuit [- 2 cookie plants & its Sunny & Gregs cookie brands, for $??], Bloomberg via NYT, C4.
  6. Marc USA to acquire promotional business [Winters Assocs., for $??], NYT, C8.
1/05/2000  13 takeovers reported, totalling $806.7m
  1. Commerce One buys Mergent Systems for $200m, Bloomberg via NYT, C3.
  2. St. Paul sells nonstandard auto insurance business [St. Paul Specialty Auto, to Prudential for $200m], AP via NYT, C3.
  3. British bus company expands with $174m buyout [- National Express Group buys ATC Group of Chicago], Reuters via NYT, C3.
  4. Village Voice sold to investor group [Village Voice Media, for $150m], pointer headline (to A21), NYT, C1.
  5. Allaire acquires Valto for $33.8m in stock, by Jerry Ackerman, Boston Globe, C4.
  6. 3TEC Energy acquires rival company [Magellan Exploration] for $24.5m, Bloomberg via NYT, C3.
  7. Cox [Radio] buys 3 Hawaii stations [KINE-FM & KCCN-FM & AM, from KHWY for $17.8m], Bloomberg via NYT, C5.
  8. Cox buys Hawaii stations [& sells KGMZ-FM to Honolulu Broadcasting for $6.6m], Bloomberg via NYT, C5.
  9. John Hancock buys Belgian-Dutch financial company [Fortis, for $??], Dow Jones via NYT, C3.
  10. Specialty Foods Corp. [to buy Lew-Mark Baking for $??], NYT, C3.
  11. Railworks Corp. [track equipment, bought Dura-Wood Treating Co, tiemaker, for $??], NYT, C3.
  12. Anglo American buys Zimbabwe mine [Zimasco, for $??], by Henri Cauvin, NYT, C3.
  13. [InTest Corp., a] N.J. company acquires Newton [Mass.]'s Temptronic [Corp. for $??], Dow Jones via Bos Globe, C7.
1/04/2000  6 takeovers reported, totalling $996.8m
  1. German roofing unit sold [- Lafarge S.A. bought all the rest (43.5%) of Lafarge Braas for $748m], Bloomberg via NYT, C4.
  2. Balanced Care to purchase 24 homes for elderly [all Outlook Pointe homes it currently leases or manages from Meditrust, for $97.4m], Dow Jones via NYT, C4.
  3. Edo agrees to buy Ail Technologies for $88.4m, Bloomberg via NYT, C4.
  4. U.S. Office Products Co. [sold 60% of its Blue Star Grp's NZ-based tech division for 53+10= $63m to unspecified buyer], NYT, C4.
  5. Black Hills Corp. [of SD sold its natural-gas mktg business in Pa. to Conectiv of Del. for $??], NYT, C4.
  6. Interpublic acquires Casanova Pendrill [Publicidad ad agency of Calif. for $??], by Stuart Elliott, NYT, C10.
1/03/2000  1 weekend takeover reported (totalling $161.6m), to count this coming week -
  1. Tomkins reportedly to sell Smith & Wesson - Sale to undisclosed buyer could raise up to $161.6m, Reuters via Boston Globe, A7.
1/1/2000  4 New Year's Day takeover reports (totaling $52m + $$undisclosed) -
  1. Ugly Duckling's chairman buys out its auto finance unit [- entity controlled by Ernest Garcia buys Cygnet Dealer Finance unit for $37.5m], Bloomberg via NYT, B4. [Isn't that cute - Hans Christian Anderson's ugly duckling was a young swan, and a baby swan is a cygnet. This is a lot of covert literary optimism to see wielded by a used car dealer that sells to people with troubled credit histories! Maybe there's hope for the new millennium after all.]
  2. Sparta Foods Inc. [to be bought by a shareholder, Cenex Harvest States Cooperatives, for $14.5m], NYT, B4.
  3. CMGI to buy [over 80%] stake in a European web services company [Adtech GmbH, for $??], Reuters via NYT, B4.
  4. Steinway to buy German firm [Pianohaus Karl Lang GmbH, for $??], Bloomberg via Boston Globe, D1.
For earlier Mergers&Acquisitions, click on the desired date -
  • Dec/1999
  • Nov-Oct/99
  • Sept/99
  • Aug/99
  • July 16-31/99
  • July 1-15/99
  • June 16-30/99
  • June 1-15/99
  • Apr-May/99
  • Mar/99
  • Feb/99 and before

    For more details, our laypersons' guide to our great economic future Timesizing, Not Downsizing is available at bookstores in Harvard Square, Cambridge, Mass. or from *Amazon.com online.

    Questions, comments, feedback? Phone 617-623-8080 (Boston) or email us.


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