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


Mergers&Acquisitions - March-April, 2000

4/29/2000  8 takeovers reported, totaling $1.742B + $$undisclosed
  1. PaineWebber to buy J. C. Bradford brokerage firm [for $620m], AP via NYT, B3.
  2. Armstrong [World Industries] plans to shed insulation products unit [onto Dutch-based Glide Investment Mgmt for $280m], Dow Jones via NYT, B3.
  3. Mirage's chief [& spouse, Steve & Elaine Wynn] will acquire Desert Inn in Las Vegas [from Starwood Hotels & Resorts Worldwide for $270m], Reuters via NYT, B3.
  4. CareMatrix, Chancellor [Senior Housing Group] units agree to sell up to 14 facilities [for 200+26= $226m to unnamed buyer], Globe wire services via Boston Globe, C1.
  5. Marriott [International] to sell 14 [Brighton Gardens assisted-living community] properties to Wolverine [Equities for $194m], Bridge News via NYT, B3.
  6. Allen Systems, a software developer, to get Viasoft [for $152m], Dow Jones via NYT, B3.
  7. Donaldson Lufkin to buy a money management business [Dominion Resources' First Dominion Capital's money mgmt arm, for $??], Reuters via NYT, B3.
  8. Dynegy Inc. [sold its U.S. crude oil business to Seminole Transportation & Trading, both of Houston, for $??], NYT, B3.
4/28/2000  5 more takeovers reported, totaling $2.2B + $undisclosed
  1. Australian bank sells Asian unit [- Australian & New Zealand Banking Group sold its Grindlays operations in South Asia & Middle East to Standard Chartered of Britain for $1.3B], AP via NYT, C4.
  2. BAE [Systems of Britain, for $510m] buys Lockheed [Martin's control-systems business] unit, Reuters via NYT, C4.
  3. CheckFree [Holdings in $325m] deal for Bank of America online [bill payment service] assets [including operating centers in Houston & San Francisco & most of the centers' 600 employees], Bloomberg via NYT, C4. [Jar those employees! Keep'em subservient & cheap!]
  4. Canadian insurer in deal [- Toronto-based Fairfax Financial Holdings Toronto to buy NYC-based SenTech International Holdings for $65m], Bloomberg via NYT, C2.
  5. Rockwell International Corp. [bought Systems Modeling Corp. for $??], NYT, C4.
4/27/2000  5 takeovers reported, totaling $857m + $$undisclosed
  1. Danish company [GN Store Nord] to buy Beltone, maker of hearing aids [for $392.5m], Bloomberg via NYT, C4.
  2. Alpharma to purchase Roche [Holding's] animal drug business [for $300m], Bloomberg via NYT, C4.
  3. Komag, maker of computer hard drive disks, to buy HMT [for $125m], Reuters via NYT, C4.
  4. Buyout of Acme Electric [by investment company formed by its chairman & CEO Robert J. McKenna, for $39.5m], Dow Jones via NYT, C26.
  5. [Havas Advertising's] Euro RSCG acquires Meridian Consulting [for $??], by Courtney Kane, NYT, C10.
4/26/2000  12 takeovers reported, totaling $3.2753B + $$undisclosed
  1. Volvo buying Renault truck and bus unit for $1.5B, by John Tagliabue, NYT, C4.
  2. Volvo buying Renault...unit [same day as] French maker gains, [from banks, $560m 70% stake in] Samsung [Motor of South] Korea, by John Tagliabue, NYT, C4.
  3. Barclays sells [carleasing] unit [to Dutch-based ABN Amro Holding for $424.3m], by Andrew Sorkin, NYT, C4.
  4. Wolseley sells [mfg business] units [to Cinven Group for $215m in Britain], Dow Jones via NYT, C4.
  5. GlobeSpan gets T.square for $200m in stock, Dow Jones via NYT, C4.
  6. Jackson Federal Bank will acquire Highland Bancorp [for $120m], Dow Jones via NYT, C4.
  7. ITT Industries will purchase C&K [Components], a switch maker [for $117m], Reuters via NYT, C4.
  8. Waste Management to sell some North American units [to Waste Corp. of America for $110m], Bridge News via NYT, C4.
  9. Gottschalks Inc. [to buy Lamonts Apparel's stores for $19m], NYT, C4.
  10. Nasdaq pays $10m for Fleet[Boston Financial's] software unit [Financial Systemware in Jersey City], Bloomberg via Boston Globe, D9.
  11. Bell Microproducts plans to buy Ideal Hardware [of Britain from InterX for $??], Dow Jones via NYT, C4.
  12. Dial Corp. [to buy Coast soap brand from Procter & Gamble for $??], NYT, C4.
4/25/2000  7 takeovers reported, totaling $856m + $undisclosed
  1. Westvaco to acquire Impac Group, packaging maker [for $230m], Dow Jones via NYT, C4.
  2. Canadian energy company to be sold [- Tri Link Resources to be sold to National Fuel Gas for $230m], Bloomberg via NYT, C4.
  3. Corning to buy out [last 80% of] NZ Applied Technologies [for $150m], Bridge News via NYT, C4.
  4. Dorel Industries to buy Safety 1st for $111m, Bridge News via NYT, C4.
  5. [Louis] Dreyfus Natural Gas to buy Costilla Energy's assets [for $100m], Bloomberg via NYT, C4.
  6. Zany Brainy buying Noodle Kidoodle, rival toy chain [for $35m], AP via NYT, C4.
  7. Polaroid OK's sale of laser diode business [to Boston Laser for $??], Bloomberg via Boston Globe, E9.
4/24/2000  2 weekend takeovers reported, totaling $$undisclosed
  1. 2 agencies to be acquired [e.g., private investors group bought Spier New York for $??], by Patricia Lauro, NYT, C18.
  2. 2 agencies to be acquired [e.g., J. Walter Thompson in New York bought Go Direct Marketing in Toronto & Vancouver for $??], by Patricia Lauro, NYT, C18.
4/22/2000  5 more takeovers reported, totaling $1.076m + $$unspecified
  1. Renault agrees to buy troubled Samsun Motors of Korea [for (340+350)/2+200= $545m], by John Tagliabue, NYT, B1.
  2. Rentokil [Initial of Britain] selling U.S. [equipment-rental] unit [to Ashtead Group for $506m], Dow Jones via NYT, B3.
  3. Westpoint Energy bought [by Canada's Alberta Energy for $25m], Bloomberg via NYT, B2.
  4. Johnson & Johnson sells Canadian condom business [maker of Shields condoms, to Pacific Dunlop's U.S.-based Ansell Healthcare Products unit, for $??], Bloomberg via NYT, B3.
  5. Harris Corp. [to buy Lucent Technologies' microwave radio business for $??], NYT, B3.
4/21/2000  5 takeovers reported, totaling $1.7675B
  1. Vitesse Semiconductor agrees to acquire Sitera [for $750m], Dow Jones via NYT, C4.
  2. Marconi of Britain jumps into wireless market with [$618m] deal [for Metapath Software International], by Andrew Sorkin, NYT, C4.
  3. NBT Bancorp is buying BSB Bancorp for $251m, AP via NYT, C4.
  4. Aeither says it will pay up to $90m for NetSearch, Bridge News via NYT, C4.
  5. Archstone Communities Trust [bought Studio Colony apartment community in West L.A. for $58.5m], NYT, C4.
4/20/2000  8 takeovers reported, totaling $896.7m + $$unspecified
  1. Nortel [Networks] buys Architel [Systems for $395m], by Timothy Pritchard, NYT, C4.
  2. Applied Micro [Circuits] to purchase semiconductor developer [YuniNetworks, for $241m], Dow Jones via NYT, C4.
  3. Precious Moments doll maker sold to Enesco Group [for $125m], Reuters via NYT, C4.
  4. VirtualFund agrees to sell its digital-graphics unit [to MacDermid for $50m], Bloomberg via NYT, C4.
  5. PLX [Technology] to acquire Sebring [Networks for $48m], Bloomberg via NYT, C6.
  6. Red Hat agrees to buy closely held software company [Bluecurve, for $37.7m], Bloomberg via NYT, C4.
  7. Royal Ahold [of Holland] buys another chain of convenience stores [Golden Gallon in the southeast, for $??], Dow Jones via NYT, C4.
  8. Interpublic Group combines two units [- merges Goldberg Moser O'Neill in San Francisco into Hill Holliday Connors Cosmopoulos in Boston & New York, for $??], by Stuart Ellliott, NYT, C10.
4/19/2000  13 takeovers reported, totaling $12.1323B + $$unspecified
  1. Mannesmann chooses buyer [team, Siemens & Robert Bosch, for its engineering & auto business in deal worth $9.2B], AP via NYT, C4.
  2. AT&T to buy cable TV assets in Massachusetts [from Cablevision Systems for $1.1B & smaller cable systems in northern NYC suburbs], Reuters via NYT, C4. [This is either a swap = a double takeover, or a hidden double downsizing ("assets" only).]
  3. Nomura [Securities] buys Welsh utility [Hyder PLC, for $643m], by Andrew Sorkin, NYT, C4.
  4. Maker of web security software to buy enCommerce [for $586m], Bloomberg via NYT, C4.
  5. Software maker Siebel to buy OpenSite for $444m, Dow Jones via NYT, C4.
  6. American Power Conversion Corp. [bought Britain's Advance Power for $75m], NYT, C4.
  7. TransPro to sell a unit [its Crown specialty metal fabrication division, to Leggett & Platt for 28.6+8.9= $37.5m], Dow Jones via NYT, C7.
  8. Sinclair [Broadcasting] closes [$33m] KFBT purchase, Wall St Journal, A15.
  9. Cardinal Financial Corp. [to buy Heritage Bancorp for $13.8m], NYT, C4.
  10. L'Oréal agrees to acquire Matrix from Bristol-Myers [for $??], Bloomberg via NYT, C4.
  11. Tootsie Roll to buy Ande's, maker of chocolate mints [for $?? from Brach's Confections], Reuters via NYT, C4.
  12. Ingersoll-Rand purchase [of Dash Golf Cars for $??], AP via NYT, C2.
  13. Pulp mill being sold [in Pt. Wentworth, Ga., by Smurfit-Stone Container to Willamette Industries for $??], Bloomberg via NYT, C7.
4/18/2000  15 takeovers reported, totaling $3.787B + $$unspecified
  1. Sanmina to buy Hadco, rival electronics maker [for $984m], Reuters via NYT, C4.
    [Hel-lo-o, anti-tru-ust, wakey wakey!]
  2. Raytheon agrees to sell its [engineering &] construction unit [to Morrison Knudsen for $800m (down to 10+500= $510m as of 5/27/00 BG C1], Reuters via NYT, C4.
    [But anything that gets responsibility away from the pathetic, whining, taxbreak-sucking "management" team at Raytheon is probably a Good Thing.]
  3. Harveys Casino Resorts to buy Pinnacle Entertainment [for $675m], Reuters via NYT, C4.
  4. Bancorpsouth in deal for First United Bancshares [for $455m], AP via NYT, C4.
  5. Reynolds & Reynolds to buy HAC Group for $200m, Bloomberg via NYT, C4.
  6. Mypoints.com to acquire Cybergold for $157m, Bridge News via NYT, C4.
  7. Kiehl's Cosmetics Company [of NYC] bought by France's L'Oréal [for $125m] - Family-held concern needed to help to grow, by Constance Hays, NYT, C2. [Another "sequoia" firm - 149 years old - topples into the dust of takeover.]
  8. Headhunter.net agrees to acquire rival, Careermosaic [for $109m from Omnicom Group], Reuters via NYT, C4.
  9. Carlisle buys Titan [International]'s consumer tire and wheel business [for $95m], Bloomberg via NYT, C4.
  10. Dutch concern is in deal [- Vedior buys Atlanta-based Acsys for $76m], Dow Jones via NYT, C8.
  11. American Power buys Advance Power for $75m, Bloomberg via Boston Globe, G10.
  12. Purchase by [Britain's] W. H. Smith [of US-airport-based Benjamin bookstores, for $19m], by Andrew Sorkin, NYT, C4.
  13. Spigadoro Inc. [of NYC to buy Italy's Pastificio Gazzola for $16.75m], NYT, C4.
  14. Zurich companies to unite [- Switzerland's Zurich Allied and Britain's Allied Zurich (we are not making this up!) to merge into Zurich Financial Services, for $??], AP via NYT, C4.
  15. GE Financial [Assurance] deal [to buy 90% of Citigroup's Travelers Life & Annuity unit's long-term care business, for $??], Bloomberg via NYT, C6.
4/15/2000  9 takeovers reported, totaling $984.4m + $$unspecified
  1. Scholastic is planning to buy Grolier [for $400m from Lagardere], Bloomberg via NYT, B3.
  2. Wisconsin playground equipment maker to be acquired [- PlayCore to be bought by an some senior managers & investment group affiliated with Chartwell Investments II for 106+53.5= $159.5m], Bloomberg via NYT, B3.
  3. Sard Verbinnen public relations agency to be bought [for $150m by Incepta Group], Dow Jones via NYT, B3.
  4. Dutch retailer [Royal Ahold] buys 51% of online grocer Peapod [for 73+20= $93m], Bridge News via NYT, B3.
  5. CompuCredit buys a services company [Citadel Group] for $64m, Bloomberg via NYT, B3.
  6. Software maker E.piphany acquires an e-mail concern [eClass Direct, for $59.9m], Dow Jones via NYT, B3.
  7. Tate & Lyle agrees to sell U.S. grain unit for $58m [to J.D. Heiskell & Co.], Bloomberg via NYT, B3.
  8. Computer Sciences Corp. [of Calif. to buy Combitech Network of Sweden for $??], NYT, B3.
  9. GlobalNetFinancial.com Inc. [of Fla. to buy Cyberwolf of England for $??], NYT, B3.
4/14/2000  5 takeovers reported, totaling $494.5m + $$unspecified
  1. Citizens Utilities to sell Louisiana Gas operations [including its Louisiana Gas Service Co. & its LGS Natural Gas Co.] to Atmos Ernergy Corp. for $375m, Reuters via NYT, C4.
  2. Phoenix [Restaurant] Group to sell [97] remaining Denny's restaurants [for $76m to various buyers including Huntingdon Restaurant Group], Dow Jones via NYT, C4.
  3. Analysts International buying [80.1%] stake in Sequoia [a Mich. ISP, for $43.5m], Dow Jones via NYT, C4.
  4. General Dynamics to buy Spanish combat vehicle maker [the ENSB unit of Sociedad Estatal de Participaciones Industriales, for $??], Dow Jones via NYT, C4.
  5. Cignal Global [Communications of Cambridge, Mass. is] merging with Priority Telecom [of Amsterdam, a unit of United PanEuropean Communications, for $??], by Peter Howe, Boston Globe, C5.
4/13/2000  yet 11 more takeovers reported, totaling $2.1145B + $$unspecified
  1. Res-Care accepts $700m buyout offer [& merges with company formed by Carlyle Grp, Madison Dearborn Partners, Bear Stearns Merchant Banking, Bear Stearns private investment unit, & members of Res-Care's senior mgmt], Reuters via NYT, C4.
  2. Atec Group to acquire computer equipment business [Applied Digital Solutions' IntelleSale.com unit, for $375m], Dow Jones via NYT, C4.
  3. Waste Management sells two...subsidiaries [eg: Pacific Waste Mgmt of Australia to SITA Grp of Paris for $230m], Reuters via NYT, C4.
  4. Conexant [Systems of Calif.] to buy power chip producer [Philsar Semiconductor of Ottawa in $214m] stock deal, Dow Jones via NYT, C4.
  5. Cree [Research] to expand operations with the purchase of Nitres [for $211.5m], Bloomberg via NYT, C4.
  6. SpectraSite [Communications] plans to expand in Florida and California [by buying LeBlanc&Royal's Lodestar Towers unit for $170m], Bloomberg via NYT, C4.
  7. Canadian animation company [Nelvana] buys U.S. [children's] book publisher [Klultz, for $74m], Reuters via NYT, C4.
  8. Waste Management sells two...subsidiaries [eg: its waste services operations in Italy to Emas & Italcogim for $70m], Reuters via NYT, C4.
  9. Budget [Group] sells finance unit [to 1st Source] and two new-car dealerships [to undisclosed buyer, for $70m altogether], Bloomberg via NYT, C4.
  10. Smithfield Foods' [John Morrell & Co. unit buys Farmland Industries Inc.'s Dubuque, Iowa, pork plant for $??], NYT, C4.
  11. Viacord, t. Breeders merge [for $??] to form ViaCell, by Ronald Rosenberg, Boston Globe, C9.
4/12/2000  11 more takeovers reported, totaling $8.5598B + $$unspecified
  1. Chase [Manhattan] will pay $7.7B in cash and stock for [Robert] Fleming [Holdings], by Andrew Sorkin, NYT, C4.
  2. S3 shifts its focus to hand-held Internet appliances [- sells its majority stake in its graphic chip joint venture to its partner, VIA Technologies of Taiwan, for $323m], Dow Jones via NYT, C4.
  3. Ben & Jerry's in agreement with Unilever - $256m takeover of ice cream company, by Constance Hays, NYT, C4. [Ben & Jerry did all kinds of good charitable things with their company profits. Now all that is vanishing. So much for the reliability or sustainability of the charity solution. The morale? - design your good works, implement them and automate them, or don't bother raising everyone's expectations.]
  4. Cisco to buy the rest of Pentacom for $118m, Bridge News via NYT, C4.
  5. NCR acquires Ceres Integrated in a $90m deal, Bloomberg via NYT, C4.
  6. Proxicom acquires a British web consulting company [Clarity IBD, for $72.8m], Dow Jones via NYT, C4.
  7. Micron buys assets of Inacom's government unit [including computer support & professional services contracts, for $??], Bloomberg via NYT, C4.
  8. Roadlink USA [of Houston bought 7 local trucking companies for $??], NYT, C4.
  9. Microsoft invests in Japan [- buys 60% stake in Titus Communications of Japan from MediaOne Group for $??], Bloomberg via NYT, C4.
  10. Licensing and media concerns merge [- Second Line Search merges with Footage Now for $??], by Stuart Elliott, NYT, C7.
  11. Heinz buys sauce brand [& last year (but not counted then), bought ABC Indonesia, world's 2nd-largest soysauce firm, for $??], AP via NYT, C4.
4/11/2000  11 takeovers reported on April 11th, totaling $6.59B + $$unspecified
  1. Wells Fargo to buy First Security of Utah [for $2.9B], NYTimes.com/TheStreet.com via NYT, C7.
  2. Australian financial deal [- National Australia Bank buys MLC, financial services unit of Lend Lease Corp., for $2.7B], AP via NYT, C4.
  3. Nissan to sell aerospace unit [to Ishikawajima-Harima Heavy Industries for $377m], AP via NYT, C4.
  4. Internet takeovers fuel a big surge in acquisitions in Brazil [e.g., Portugal Telecom bought Zip.net for $365m], by Simon Romero, NYT, C4.
  5. Fairchild Semiconductor [International] to buy QT Optoelectronics [for $100m], Bloomberg via NYT, C4.
  6. Rosemore to buy Crown Central Petroleum [for $67m], Bloomberg via NYT, C4.
  7. Digital Insight to acquire 1View Network [for $56.3m], Bridge News via NYT, C4.
  8. 3DLabs in acquisition [- to buy Intense3D unit of Intergraph for $24.7m], Bloomberg via NYT, C7.
  9. [M. A.] Hanna sells division [its diversified polymer products business in Dyersburg, Tenn., to investment group that includes members of division's mgmt team, for $??], Dow Jones via NYT, C2.
  10. EPB Communications to buy Warwick Baker [O'Neill, for $??], by Stuart Elliott, NYT, C4.
  11. Intel adds phone products [- buys Picazo Communications for $??], Bloomberg via NYT, C12.
4/08/2000  2 takeovers reported, totaling $77.4m+ $unspecified
  1. Texas Instruments' Gores unit to buy System Software [Assocs. for $52m+], Bloomberg via NYT, B3.
  2. VF Corporation is set to purchase North Face [for $25.4m], Reuters via NYT, B3.
4/07/2000  9 takeovers reported, totaling $1.285B + $$undisclosed
  1. Meritor Automotive and Arvin will merge [valuing Arvin at $670m], Bloomberg via NYT, C4.
  2. Tosco will buy Illinois refinery for $420m, Reuters via NYT, C4.
  3. Aether Systems buy IFX, a financial data company [for $85m], Bloomberg via NYT, C4.
  4. JFax.com will buy EFax.com for $74m, Dow Jones via NYT, C4.
  5. Norwegian firm buys [2] World Access...unit[s for $36m], Bloomberg via Boston Globe, C7.
  6. Intel in accord to acquire Kuck & Assocs. [for $??], Bloomberg via NYT, C4.
  7. RSL Communications Ltd. [of Bermuda to buy Voyager of England for $??], NYT, C4.
  8. Caterpillar Inc. [bought Sabre Engines of England for $??], NYT, C4.
  9. Interpublic Group buys South American PR firm [Nueva Comunicacion, for $??], by Chris Reidy, Bos Globe, C7.
4/06/2000  7 more takeovers reported, totaling $2.304B + $$undisclosed
  1. Peregrine [Systems] to buy Harbinger for $2.1B, Bloomberg via NYT, C4.
  2. Texaco sells some [producing] fields [along Tex. & La. coasts & in Gulf to EnerVest Mgmt Partners unit for $81.7m], Bloomberg via NYT, C11.
  3. TMP [Worldwide] acquires System One for $66m in stock, Dow Jones via NYT, C4.
  4. Advanced Fibre [Communications, for $56m] to acquire GVN Technologies, Reuters via NYT, C4.
  5. Media General Inc. [to buy 4 Virginia newspapers from Community Newspapers of Southwest Virginia Inc. for $??], NYT, C4.
  6. Lego [of Copenhagen is buying Zowie Intertainment of Calif. for $??], NYT, C4.
  7. Hitachi financial merger [Hitachi Credit & Hitachi Leasing, for $??], by Stephanie Strom, NYT, C4.
4/05/2000  7 takeovers reported, totaling $2.984B + $$undisclosed
  1. Solectron to acquire Nortel plants for $900m, Bloomberg via NYT, C4.
  2. JDS Uniphase to purchase Cronos in [$750m] stock deal, Dow Jones via NYT, C4.
  3. NFO Worldwide accepts new [$611m] bid [from Interpublic Group], Bloomberg via NYT, C8.
  4. Creo [Products] closes stock purchase of Scittex for $551m, Dow Jones via NYT, C4.
  5. Wolseley unit [Carolina Holdings] to purchase Anderson Lumber Co. [for $172m], Dow Jones via NYT, C4.
  6. Travel software merger [- Datalex bought Night & Sound Software for $??], by Brian Lavery, NYT, C4.
  7. Aluminum plant acquired [- Century Aluminum to buy Southwire for $??], Bloomberg via NYT, C27.
4/4/2000  15 takeovers reported, totaling $13.0339B + $$undisclosed
  1. Anadarko [Petroleum] to buy Union Pacific Resources [Group for $4.43B], Bridge News via NYT, C4.
  2. Major newprint merger [- Norske Skog to buy NZ's Fletcher Challenge Paper for $2.5B], Reuters via NYT, C4. [Great company to work for - business trips from the fjords of Norway to the fjords of New Zealand!]
  3. CMG to buy Admiral [for $2.2B], Bloomberg via NYT, C4.
  4. Train-leasing company sold [- Stagecoach Holdings sold its Porterbrook unit to Abbey National for $1.2B], Dow Jones via NYT, C4.
  5. Rexam to buy American National Can Group [for $990m], by Alan Cowell, NYT, C4.
  6. German cable purchase [- United Pan-Europe Communications to buy EWT/TSS Group for $950m], Bloomberg via NYT, C4.
  7. Lucent sells part of office-phone business [to a NorthWestern Corp. unit for $259m], Bloomberg via NYT, C4.
  8. Hexcel to sell aircrafatt interiors line to Britax [International for $116.9m], Bridge News via NYT, C4.
  9. Cross Timbers Oil buys out [remaining 50% of] Lehman Natural Gas stake [in Ark. & Ok. fields for $111m, bought from Ocean Energy in Sept. for $231m], Bloomberg via NYT, C4.
  10. Electronics Boutique Holdings to buy Funco [for $110m], Reuters via NYT, C4.
  11. Power-One makes agreement to acquire Powec [of Norway for 93+8= $101m], Bloomberg via NYT, C4.
  12. Exchange Applications Inc. [bought Knowledge Stream Partners for $52m & changed its name to Xchange], NYT, C4.
  13. Power-One makes agreement to acquire [Crane's telecoms product line for $14m], Bloomberg via NYT, C4.
  14. Avery Dennison Corp. [bought Adespan of Italy for $??], NYT, C4.
  15. 3M buys Polaroid's Norwood [Mass.] operations [- Minnesota Mining & Mfg bought Polaroid's technical polarizer & display films business for $??], Dow Jones via Boston Globe, D10.
4/03/2000  4 weekend takeovers reported, totaling $11.096B + $$undisclosed
  1. HSBC will acquire French Bank [Crédit Commercial from ING] for $10.6B, by John Tagliabue, NYT, C2.
  2. Pearson will buy Dorling Kindersley in $496m deal [in London], Bloomberg via NYT, C15.
  3. J. Walter Thompson buys Toronto firm [Interactive Marketing Concepts, for $??], by Constance Hays, NYT, C16.
  4. Interpublic Group redeploys 2 offices [& merges Angotti, Thomas, Hedge with Gotham for $??], by Constance Hays, NYT, C16.
4/01/2000  4 takeovers reported, totaling $807m + $undisclosed
  1. Policy Management Systems agrees to sale [of 75-93% of itself to Welsh Carson Anderson & Stowe for $604m], AP via NYT, B3.
  2. Digital Insight, financial services company, expands [by buying AnyTime Access for $140m], Bridge News via NYT, B3.
  3. Quebecor Printing will sell software operations [in Fife, Wash. & Westborough, Mass. for $63m to Q-Media Services], Dow Jones via NYT, B3.
  4. Royal Ahold N.V.['s Tops Markets unit to take over Sugar Creek convenience store chain for $??], NYT, B3.
3/31/2000  14 takeovers reported, totaling $13.4574B + $undisclosed
  1. Brazilian regulators approve the [$7B] merger of 2 big brewers [- Companhia Cervejaria Brahma & Companhia Antarctica Paulista into Companhia de Bebidas das Americas, or AmBev], by Simon Romero, NYT, C4. [So much for the government suspension of this merger for antitrust reasons back on 7/16/99.]
  2. Neoforma.com to pay $4.2B for 2 companies [- e.g., Healthvision for $2.2B], Dow Jones via NYT, C4.
  3. Neoforma.com to pay $4.2B for 2 companies [- e.g., Eclipsys for $2B], Dow Jones via NYT, C4.
  4. Nationwide [Mutual Insurance] acquires Gartmore [Investment Mgmt from Royal Bank of Scotland Group for $1.64B], by Andrew Sorkin, NYT, C4.
  5. Ogden agrees to sell [its food & beverage] concessions business to [employee-owned] Aramark [for 225+11= $236m], Bridge News via NYT, C4.
  6. 724 Solutions [of Toronto] is acquiring two software companies [e.g., ezlogin.com for $115.6m], Bloomberg via NYT, C4.
  7. Willamette Industries [to buy 3 box factories in Mexico for $72m], NYT, C4.
  8. Hub Group Inc. [freight mgmt to sell majority stake in subsidiary to undisclosed NY investment bank for $65m], NYT, C4.
  9. Silicon Image acquisition [of DVDO for $45m], Bloomberg via NYT, C21.
  10. Va. firm buys Shore.Net [- Primus Telecommunications Group buys one of nation's oldest ISPs for $43m], by Beth Healy, Boston Globe, F5.
  11. About.com purchases [Boston's] Sombasa Media [including BargainDog.com, for $35m], Boston Globe, F5.
  12. 724 Solutions is acquiring two software companies [e.g., YRLess Internet for $5.8m], Bloomberg via NYT, C4.
  13. Oil companies to merge [- China's 2nd & 4th largest oil firms to merge by govt order for $??], NYT, C4.
  14. Advance [Publications] buys 4 weeklies [in south-central Pennsylvania for $??], AP via NYT, C6.
3/30/2000  10 takeovers reported, totaling $28.1813B + $undisclosed
  1. Seagate to be taken private in intricate buyout - Investors [led by Seagate execs, Silver Lake Partners & Texas Pacific Group] are paying $19B for the top disk drive maker], by Lawrence Fisher, NYT, C12. [Curiously, the Boston Globe's version of this story, from Bloomberg News, is titled "Bonderman group to take Seagate private in $20b deal" (E6) referring to Texas financier David Bonderman, who is nowhere mentioned in the NYT story.]
  2. Web start-up [TriZetto Group] to buy IMS Health in perplexing deal - Shares plummet in the wake of a complex [$8B] accord, by Melody Petersen, NYT, C6.
  3. Cisco to buy maker of Internet video systems [SightPath, for $800m], Bridge News via NYT, C4.
  4. Circuit board maker purchases unit of wire company [- Viasystems Group buys International Wire Group's wire making unit for $210m], Bloomberg via NYT, C4.
  5. GTS Duratek to buy Waste Management's nuclear [services business for $65m], Reuters via NYT, C4.
  6. Revlon agrees to sell Argentine shampoo brand [& plant] to Dial [for $46.5m], Dow Jones via NYT, C4.
  7. E.Piphany Inc. [to buy iLeverage for $31.8m], NYT, C4.
  8. Central Garden [& Pet Co.] is in deal [to buy the Amdro & Image product lines from American Cyanamid, the agricultural products unit of American Home Products Corp., for $28m], Bloomberg via NYT, C12.
  9. AT&T takes full control of At Home cable venture [for $??], by Seth Schiesel, NYT, C1.
  10. Norwood's StreamWare is acquired [by Crane Co. for $??], by Jerry Ackerman, Boston Globe, E7.
3/29/2000  10 takeovers reported, totaling $3.384B + $undisclosed
  1. Record [$967m] bid is accepted for 2 New York A-plants [- Entergy Nuclear buys Indian Point 3 & Jas. A. FitzParrick plants from NY Power Authority], by David Chen, NYT, A24.
  2. Efficient Networks plans to buy NetScreen [Technologies for $905m], Bridge News via NYT, C4.
  3. Macrovision in [$861m] stock deal for software distributor [Globetrotter Software], Dow Jones via NYT, C4.
  4. Harris Financial plans to acquire a Pennsylvania bank [York Financial, for $172m], Bloomberg via NYT, C4.
  5. Cameron accepts [$159m] buyout offer from investment group [including members of its senior mgmt, CGW Southeast Partners IV & an affiliate of Citigroup Venture Capital], Dow Jones via NYT, C4.
  6. Prandium plans to sell El Torito chain of restaurants [to Acapulco Acquisition for $130m], Reuters via NYT, C4.
  7. Infinity to buy 2 San Antonio radio stations [KTFM-FM & KTSA-AM] for stock [worth $90m], Dow Jones via NYT, C4.
  8. Mail.com in [$68m] stock deal for Chinese-language portal [eLong.com], Dow Jones via NYT, C4.
  9. Terayon Communication Systems Inc. [to buy Ultracom Communications Holdings for $32m], NYT, C4.
  10. Publicis acquires [$?? majority] stake in [Winner & Assocs] agency, by Stuart Elliott, NYT, C8.
3/28/2000  13 takeovers reported, totaling $8.8454B + $undisclosed
  1. German computer service deal [- Deutsche Telekom bought 50.1% of Daimler-Chrysler's Debis Systemhaus software business for $5.3B], Bloomberg via NYT, C4.
  2. Lernout [& Hauspie] to buy Dragon [Systems in $600m] stock deal - Sale to mesh 2 giants of speech technology, by Peter Howe, Boston Globe, E1.
  3. Liberate Technologies agrees to buy MoreCom [for $561m], Reuters via NYT, C4.
  4. Vitesse Semiconductor agrees to buy Orologic [for $450m], Dow Jones via NYT, C4.
  5. Monsanto selling sweetener ingredient business [including Nutrasweet] to J.W. Childs Equity Partners II for $440m], AP via NYT, C4.
  6. Sigma-Aldrich to sell [its B-Line Systems] division to Cooper Industries [for $425m], Reuters via NYT, C4.
  7. Cahners to acquire [CMD Group and its] construction-related publications [for $299.5m], Bloomberg via NYT, C4.
  8. AverStar to be bought by Titan, a consultant [for 140+65= $205m], Dow Jones via NYT, C4.
  9. 3DFX Interactive to get GigaPixel for $186m, Dow Jones via NYT, C4.
  10. Neoforma.com to take over a competitor, EquipMD [for $158.6m], Dow Jones via NYT, C4.
  11. Orckit, Israeli company, makes [$140m] deal for Silicon Value, Bloomberg via NYT, C4.
  12. Niagara Bancorp in [$80.3m] accord for Iroquois Bancorp, Bloomberg via NYT, C4.
  13. W. R. Grace & Co. [bought International Protective Coatings for $??], NYT, C4.
3/27/2000  2 weekend takeovers reported, totaling $2.7B
  1. Open TV, a software provider, to buy Spyglass for $2.5B, by Claudia Deutsch, NYT, C2.
  2. Talk.com plans to acquire Access One [for $200m], by Claudia Deutsch, NYT, C11.
3/25/2000  8 takeovers reported, totaling $533.2+ $$undisclosed
  1. Courtaulds [Textiles] accepts bid [of $238m from Sara Lee], by Alan Cowell, NYT, B2.
  2. Doane Pet Care to purchase Arovit Petfood of Denmark [for $156m], Bloomberg via NYT, B3.
  3. Harding Lawson agrees to [$57.5m] takeover by Mactec, Dow Jones via NYT, B3.
  4. GenRad buys units of Thermo Instrument Systems [for $40m - Nicolet Imaging Systems, and Sierra Research & Technology], Bloomberg via NYT, B3.
  5. MeriStar Hotels adding BridgeStreet Accommodations [for $24m], Dow Jones via NYT, B3.
  6. Prime Hospitality Corp. [sold its 5 remaining HomeGate hotels to Amerand for $17.7m], NYT, B3.
  7. Dow Chemical to acquire General Latex and Chemical [for $??], Dow Jones via NYT, B3.
  8. JB Restaurant chain sold [- Santa Barbara Restaurant Group's JB's Family Restaurants subsidiary sold to a group led by Lynn Whiteford, JB's COO, for $??], Dow Jones via NYT, B4.
3/24/2000  10 more takeovers reported, totaling $289m + $$$undisclosed
  1. Ipalco agrees to sell Thermal Systems for $162m, Dow Jones via NYT, C4.
  2. Cobalt Networks is buying ChiliSoftt for $70m, Dow Jones via NYT, C4.
  3. Prime Hospitality agrees to buy leases from ShoLodge [for 54+3= $57m for 27 Sumner Suites hotels], Bloomberg via NYT, C4.
  4. Exxon Mobil agrees to sell stakes in 430 gas stations [for $?? - Mobil's partner, Tetco, to buy Mobil's 49% in over 315 stations in Austin, Dallas & San Antonio], Bloomberg via NYT, C4.
  5. Gillette says Diamond [Products] is buying its White Rain line [for $??], Reuters via NYT, C4.
  6. Fingerhut Cos. [bought Brownstone Studio for $??], NYT, C4.
  7. Fingerhut Cos. [bought Lew Magram for $??], NYT, C4.
  8. Yahoo Inc. [bought Arthas.com for $??], NYT, C4.
  9. Cable companies get closer [- Rogers Communications & Shaw Communications in Canada to merge Internet operations for $??], by Timothy Pritchard, NYT, C4.
  10. Mercer Consulting buys New York's Delta [Consulting Group for $??], by Peter Howe, Boston Globe, C7.
3/23/2000  10 takeovers reported, totaling $6.8419B + $$undisclosed
+ a general story about the ragin' mergin' in auto mfg -
Gentlemen, merge your manufacturers - Consolidation hits on virtually all cylinders - Smaller automakers are rapidly being taken over by the industry giants - It is not about size, Ford's chief says, but 'being quicker and better', by Keith Bradsher, NYT, C1. [No it isn't, it's about going back to paying enough employees enough to purchase their own output. It's about dropping downsizing and the retention of so much of the productivity bonus from wave after wave of technology that you're strangling your own consumer base. It's about making it once again easier to grow your own market share than to buy somebody else's, as now. It's about cutting the waste of an ever-mounting number of American consumers through constant tight-assed disinvestment in our own consumer base. Think of the lost markets represented by our record homelessness and incarceration! In the 21st century when exponentiating armies of high-productivity robots buy none of their own output, it's time we started reinvesting massively in our own markets, instead of skimming them to the bone and investing astronomically in market-unsupported novelties via Wall Street.]
  1. Bertelsmann unit, to buy Swedish firms for $2.3B [- Pixelpark to buy Cell Network & Mandator], Bloomberg via Boston Globe, D2.
  2. PSINet to acquire web outsourcing services company [Metamor Worldwide, for $1.9B], Reuters via NYT, C4.
  3. Wheels for Miss Piggy [- EM.TV & Merchandising to buy up to 75% of Formula One Holdings for $1.63B], by Edmund Andrews, NYT, C4.
  4. Tuboscope-Varco [International] merger accord is set [for $834m], Bloomberg via NYT, C13.
  5. Virata, a chip maker, to purchase software company [for $114.9m], Bloomberg via NYT, C4.
  6. Nashua agrees to buy Rittenhouse, a rival paper maker [for $63m], Bloomberg via NYT, C4.
  7. Bank One selling loan portfolio [Banc One Financial Services] to Household [International, for $??], AP via NYT, C4.
  8. Corbis makes acquisition [of Stock Market Photo Agency for $??], Bloomberg via NYT, C10.
  9. Merger to link gay print and Internet outlets [- Planet Out & Liberation Publications to merger, for $??], by Alex Kuczynski, NYT, C4.
  10. Merger to link gay print and Internet outlets [- last month Liberation Publications bought Out Publishing for $??], by Alex Kuczynski, NYT, C11. [Unreported last month, so counted here.]
3/22/2000  6 takeovers reported, totaling $6.21B -
  1. American Home is selling agricultural chemical unit - $3.8B deal with BASF of Germany, by Melody Petersen, NYT, C2.
  2. Nortel Networks to buy CoreTek in [$1.43B] stock deal, Bloomberg via NYT, C4.
  3. Intel to acquire Basis Communications for $450m, Dow Jones via NYT, C4.
  4. Infinity [Broadcasting] to expand European operations with buyout [of Giraudy billboards, for $425m], Bloomberg via NYT, C4.
  5. QSound Labs [of Canada] to aquire Internet video company [StreamMagic of L.A., for $100m], Dow Jones via NYT, C4.
  6. Silicon meets urethane: Internet chieftains buy bowling tour [the Professional Bowlers Assn. for $5m], by Sandomir and Williams, NYT, C29.
3/21/2000  9 takeovers reported, totaling $5.2592B + $$undisclosed
  1. European beer deal [- Scottish & Newcastle will buy Groupe Danone's brewing business for $2.66B], by Andrew Sorkin, NYT, C2.
  2. National Commerce to buy CCB Financial [for $1.95B], Bridge News via NYT, C4.
  3. Wesley Jessen agrees to buy Ocular Sciences [for $413m, to combine 2 largest US contact lens makers], Dow Jones via NYT, C4. [Anti-trust, where ARE you?]
  4. Imagex.com to buy Creativepro.com, software rival [for $97m], Dow Jones via NYT, C4.
  5. 3Com to sell or shut weaker units [& buy Call Technologies for $90m], by Lawrence Fisher, NYT, C30.
  6. Bingham Financial Services to acquire Franklin Bank [for $44.2m], Dow Jones via NYT, C4.
  7. Viacom buys Chris-Craft's [50%] stake in UPN for $5m [for full control & 1st firm to own 2 broadcast TV networks], by Bill Carter, NYT, C1. [Hel-lo-ooo, anti-truuuuust, wakey waaaaakey.]
  8. VF Corp. [bought Sunbeam's Eastpak business for $??], NYT, C4.
  9. German firm GPC to acquire Mitotix [biotech in Cambridge, Mass. for $??], by Ronald Rosenberg, Boston Globe, E6.
3/20/2000  1 weekend takeover reported, totaling $undisclosed
3/18/2000  2 takeovers reported, totaling $8.0727B
  1. Bertelsmann to sell its [over $8B 50%] stake in joint ventures [AOL Europe & AOL Australia] to AOL, Bloomberg via NYT, B3.
  2. eGain Communications Corp. [to buy Inference Corp. for $72.7m], NYT, B3.
3/17/2000  9 takeovers reported, totaling $4.2745B + $$undisclosed
  1. BMW will shed Rover, selling sport utility vehicle line to Ford [for nearly $3B], by Andrews, with Meredith, NYT, C1.
  2. National-Oilwell is buying IRI [International] for $320m in stock, Dow Jones via NYT, C4.
  3. Cisco Systems is acquiring 2 privately held companies [eg: InfoGear Technology for $301m], Dow Jones via NYT, C4.
  4. Cisco Systems is acquiring 2 privately held companies [eg: JetCell for $200m], Dow Jones via NYT, C4.
  5. [Touch America] unit of Montana Power is buying Qwest [long-distance] phone business [in US West overlap area, for $200m], Bridge News via NYT, C4.
  6. Phelps Dodge agrees to sell [Cyprus] Australia Coal Company [to Glencore International unit for $150m], Bloomberg via NYT, C4.
  7. HealthCentral.com makes a [$103.5m] stock deal for Vitamins.com, Bridge News via NYT, C4.
  8. Texas Instruments Inc. [of Dallas bought Toccata Technology of Copenhagen for $??], NYT, C4.
  9. E. I. DuPont de Nemours & Co. [bought Uniax Corp. for $??], NYT, C4.
3/16/2000  12 more takeovers reported, totaling $16.689B + $$undisclosed
  1. Phillips to buy Arco's Alaska oil fields for $7B - Sale expected to end regulators' opposition to $34B BP Amoco acquisition, Bloomberg via Boston Globe, C2.
  2. [British-French-based] Sema to buy LHS [of Altanta for $4.7B], by Andrew Sorkin, NYT, C4.
  3. E.piphany is in $3.19B deal for Octane [Software, both in San Mateo], Bridge News via NYT, C4.
  4. Intel to buy Danish chip maker [NKT, for $1.25B], Reuters via NYT, C4.
  5. FreeMarkets plans to buy iMark.com for $325m, Reuters via NYT, C4.
  6. Siemens to buy Entex [Information Services for $105m], Bloomberg via NYT, C8.
  7. Two New Jersey banks agree to a $68m cash deal [- Richmond County Financial to buy South Jersey Financial], Reuters via NYT, C4.
  8. Electric Fuel Corp. [batteries, of NYC, to buy Tadiran Batteries of Israel for $40m], NYT, C4.
  9. Cognex agrees to buy machine vision business [of Komatsu Ltd. for $11m], Dow Jones via Boston Globe, C9.
  10. Titan agrees to acquire a rival technology company [Pulse Engineering, for $??], Bloomberg via NYT, C4.
  11. Hyundai to buy back stock [& sell a Scottish & a Welsh semiconductor plant to ?? for $??], by Samuel Len, NYT, C4.
  12. 184 hair salons are sold [- in 11 transactions worth $??, Regis Corp. bought salons, including Haircrafters & Great Expectations franchises], Bloomberg via NYT, C12.
3/15/2000  12 takeovers reported, totaling $14.1693B + $$undisclosed
  1. Amoco to buy Burmah Castrol [for $4.7B], by Andrew Sorkin, NYT, C4.
  2. Nortel [Networks] buying small Silicon Valley company [Xros, for $3.25B], AP via NYT, C4.
  3. Dexia [in Europe] buys bond insurer [Financial Security Assurance Holdings in New York, for $2.6B], Dow Jones via NYT, C4.
  4. Alcoa to acquire Cordant Technologies for $2.3B, AP via NYT, C4.
  5. Northeast Utilities completes [$865.5m] plant sales [including Northfield Mountain hydro, Cabot & Turners Falls hydro stations & 10 Conn. hydro plants including 7 on the Housatonic R. - from local utilities to its unregulated Northeast Generation Co. unit], by Peter Howe, Boston Globe, C9.
    [Sounds pretty slimy - required to divest, it merely transfers to an unregulated subsidiary.]
  6. SciQuest.com to buy software company in [$150m] stock deal, Dow Jones via NYT, C4.
  7. Allscripts will expand its operations in merger deal [to buy MasterChart for $125m], Bridge News via NYT, C4.
  8. Jack Morton [Co.] to acquire [communications] unit from Caribiner [International, for $90m], by Stuart Elliott, NYT, C14.
  9. El Sitio expands by acquiring Mexican online retailer [DeCompras.com, for $44.7m], Dow Jones via NYT, C4.
  10. HNC [Software] agrees to buy privately held software company [Onyx Technologies, for $44.1m], Bloomberg via NYT, C4.
  11. Three Japanese banks to merge [next year - Sanwa, Asahi & Tokai - for $??], Reuters via NYT, C4.
  12. Acquisition by Lucent [Technologies of Dutch-based DeltaKabel TeleCom for $??], Bloomberg via NYT, C15.
3/14/2000  10 takeovers reported, totaling $22.802B + $undisclosed
  1. 2 business software companies to merge [- i2 Technologies to buy rival Aspect Development for $9.3B], Reuters via NYT, C2.
  2. Tribune Company agrees to buy Times Mirror [for 6.45+1.8= $8.25B] - Family ownership in Los Angeles ends a 119-year run, by Barringer and Holson, NYT, front page.
  3. TXU [of Texas] buys Spanish utility [Hidroelectrica del Cantabrico, for $2.3B], Bloomberg via NYT, C4.
  4. Radio One to buy 12 Clear Channel [Communications] stations [for $1.3B], Bloomberg via NYT, C4.
  5. CoreComm in agreement to acquire Voyager.net [for $540m], Dow Jones via NYT, C4.
  6. 2 salmon-farming giants to combine [- Nutreco Holding in talks to buy Norsk Hydro's seafood unit for $420m], Bloomberg via NYT, C18.
  7. Autoliv, maker of auto safety gear, to buy OEA [for $300m], Bloomberg via NYT, C4.
  8. L-3 Communications to buy Honeywell['s Traffic Alert and Collision Avoidance System] product line [for $225m], Reuters via NYT, C4.
  9. TXU agrees to acquire Fort Bend Communication [Cos. for $167m], Bloomberg via NYT, C4.
  10. E*Trade buying an operator of A.T.M.'s [Card Capture Services, for $??], Bloomberg via NYT, C8.
3/11/2000  3 takeovers reported, totaling $1.228B + $unreported
  1. CoreComm to add ATX Telecommunications [Services, for $900m], Dow Jones via NYT, B3.
  2. Waste Management to sell its Dutch subsidiary [to Shanks Group of Britain for $328m], Bridge News via NYT, B3.
  3. New bank pecking order in Mexico [- Banco Bilbao Vizcaya Argentaria's Mexican branch to merge with Grupo Financiero Bancomer for $?? to form Mexico's largest bank], by Dan Fineren, via NYT, B3.
3/10/2000  11 takeovers reported, totaling $4.9666B
  1. European broadcast deal [- United Pan-Europe Communications (UPC) of Netherlands to buy SBS Broadcasting of Luxembourg for $2.8B], Dow Jones via NYT, C4.
  2. Santander's Latin push [- Banco Santander Central Hispano of Spain to buy 75% of Patagon.com International of Miami for $529m], by Simon Romero, NYT, C4.
  3. Software.com agrees to buy @mobile.com for $400m, Bridge News via NYT, C4.
  4. Covad Communications says it is acquiring LaserLink.net [for $396m], Dow Jones via NYT, C4.
  5. Cherry is selling its semiconductor unit [Cherry Semiconductor] to SCG Holding [for $250m], Dow Jones via NYT, C4.
  6. GoTo.com in $170m deal for AuctionRover.com, Reuters via NYT, C4.
  7. Ogden agrees to sell theme parks to Alfa Alfa Holdings [for $148m], Bloomberg via NYT, C4.
  8. Crown Castle is buying [700] wireless towers in Australia [from Cable & Wireless Optus for $135m], Bridge News via NYT, C4.
  9. EVentures says it is buying Internet Global Services [for $88.2m], Bloomberg via NYT, C4.
  10. Take-Two Interactive [Software] is acquiring Pixel Broadband [Studios, for $50.4m], Dow Jones via NYT, C4.
  11. Advertising - Hard to believe, but the direct marketer Draft Worldwide will acquire the iconoclastic AG [Worldwide, for $??], by Stuart Elliott, NYT, C8.
3/09/2000  10 takeovers reported, totaling $35.215B
  1. Big German banks plan $28b merger - Record union of Deutsche, Dresdner would bring 16,000 job cuts, Bloomberg via Boston Globe, D2.
  2. Occidental to acquire BP Amoco-Shell venture [Altura Energy, for $3.6B], Reuters via NYT, C4.
  3. Two makers of computer network equipment to merge [- Apex & Cybex Computer Products, for $1.14B], Bloomberg via NYT, C4.
  4. [For $657m, Internet Capital Group] investment group to buy majority stake in RightWorks
  5. Industry web site operator to acquire software maker [- VerticalNet to buy Tradeum for $475m], Dow Jones via NYT, C4.
  6. Duff & Phelps [Credit Rating Agency] acquired [by Fitch IBCA for $528m], Dow Jones via NYT, C9.
  7. Bankrupt Hanbo Steel is sold [- assets only - to US-based consortium led by Nabors Capital & Third Avenue Fund for $480m], by Samuel Len, NYT, C8.
  8. Developer of 'virtual tours' buys Net imaging company [- Internet Pictures buys PictureWorks Technology for $175m], Bridge News via NYT, C4.
  9. Employment service accepts a management-led buyout [in league with Cornerstone Equity Investors IV and Centre Partners Mgmt, for $160m], Bridge News via NYT, C4.
  10. Gambling machine operator to put its money on the Net [- Jackpot Enterprises to acquire control of Meister Brothers Investments for $??], Bridge News via NYT, C4.
3/08/2000  8 takeovers reported, totaling $26.2075B
  1. Internet registrar to be sold for $21B - VeriSign agrees to buy Network Solutions, setting price record - A company that has lost its monopoly still fetches a huge price, by Lawrence Fisher, NYT, C2.
  2. Royal Ahold to buy U.S. Foodservice for [$2.7B] cash, AP via NYT, C4.
  3. Williams to sell [Yale] lock unit [to Assa Abloy of Sweden for $1.3B], Bloomberg via NYT, C4.
  4. Lernout to buy Dictaphone in $935m deal, by Ross Kerber, Boston Globe, D1.
  5. Charter Communications buying Michigan cable system [Cablevision Systems, for $172.5m], Reuters via NYT, C4.
  6. Zygo to acquire Firefly Technology for $100m, Dow Jones via NYT, C4.
  7. Rosemore to buy outstanding shares of Crown Central [Petroleum for $?? above current 49% holdings of Crown's class A stock & 11% of Class B], Bloomberg via NYT, C4.
  8. Sun Microsystems Inc. [to buy Innosoft International for $??], NYT, C4.
3/07/2000  10 takeovers reported, totaling $15.4226B
  1. Scandinavian bank deal [- MeritaNordbanken to buy Unidanmark for $5B], Bloomberg via NYT, C4.
  2. MGM Grand to acquire Mirage Resorts for $4.4B - More consolidation in the casino industry may occur, analysts say, by Andrew Pollack, NYT, C1.
  3. Clear Channel selling 72 radio stations [for $3B total - 18 to Infinity Broadcasting for $1.4B, 50 to Cox Radio, Cumulus Media, & Salem Communications...], Bloomberg via NYT, C4.
  4. Genzyme to buy Biomatrix for $738m, by Lawrence Fisher, NYT, C12.
  5. Elan acquisition [of Liposome for 575+98= $673m], by Brian Lavery, NYT, C4.
  6. In Focus to buy Proxima for $478m, Dow Jones via NYT, C4.
  7. Data Transmission Network agrees to be acquired [by Veronius Suhler & Assocs. for 369.3+100= $469.3m], Dow Jones via NYT, C4.
  8. Hain agrees to acquire Celestial Seasonings [for $302.3m], Bloomberg via NYT, C4.
  9. Comverse [Technology] to buy Loronix [Information Systems] for $232m in stock, Bloomberg via NYT, C4.
  10. Applied Digital to acquire Destron Fearing [for $130m], Dow Jones via NYT, C4.
3/04/2000  5 takeovers reported, totaling $2.34B -
  1. [Exxon Mobil's Benicia,] California refinery is to be sold for $895m [to Valero Energy], Bloomberg via NYT, B3.
  2. PMC-Sierra purchases 2 chip concerns for $1.3b [e.g., AANetcom for $890.1m], Reuters via NYT, B3.
  3. PMC-Sierra purchases 2 chip concerns for $1.3b [e.g., Extreme Packet Devices for $415m], Reuters via NYT, B3.
  4. Philip Morris [bought Boca Burger for $100m, NYT, B3.
  5. Wachovia buying Commerce national for $40m, Dow Jones via NYT, B3.
3/3/2000  9 takeovers reported, totaling $972.2m + $$undisclosed -
  1. Unilever enters Honduras [- buys Grupo Cressida for $314m], Dow Jones via NYT, C4.
  2. Conoco agrees to buy a business from Petro-Canada [- most of its natural gas liquids business for $206.4m, Bloomberg via NYT, C4.
  3. Broadcom is buying Stellar [Semiconductor] for $162m, Dow Jones via NYT, C4.
  4. Avnet to acquire Savoir Technology in a stock deal [for $140m], Bloomberg via NYT, C4.
  5. Japanese satellite deal [- SkyPerfecTV buys DirecTV for $84.8m], AP via NYT, C4.
  6. Renaissance to shed management division [- selling to Behrman Capital for $65m], Bloomberg via Boston Globe, C5.
  7. SpectaGuard says it has acquired Allied Security [for $??], AP via NYT, C4.
  8. SGI is selling Cray supercomputer business to Tera [Computer for $??], NYT, C4.
  9. Deere & Co. [to buy 80% stake in equipment-rental company in Shanghai for $??], NYT, C4.
3/02/2000  5 takeovers reported, totaling $780.7m -
  1. Western [Resources' Westar Capital unit, for $244m] buys European unit of Protection One, Bloomberg via NYT, C4.
  2. Cisco [Systems] purchasing Scottish software company [Atlantech, for $180m], Dow Jones via NYT, C4.
  3. Tickets.com acquires First Call International [for $126.7m], Dow Jones via NYT, C4.
  4. Viatel buys AT&T British unit [AT&T Communications (UK)] for $125m, Reuters via NYT, C4.
  5. TXU to sell natural gas business to Cantera [Resources for $105m], Bloomberg via NYT, C4.
3/01/2000  14 takeovers reported, totaling $23.9851B + $undisclosed -
  1. Cap Gemini to acquire Ernst & Young's consulting business [for $11.1B], by John Tagliabue, NYT, C1.
  2. AT&T partner's deal adds to wireless network [- TeleCorp PCS to buy Tritel for $5B], Reuters via NYT, C4.
  3. Clear Channel in $3B deal to acquire SFX Entertainment, by Stuart Elliott, NYT, C1.
  4. Bidders divide United Biscuits [- Danone and Nabisco Holdings to make joint purchase for $2B & carve it up], Bloomberg via NYT, C4.
  5. Amdocs to purchase net software company [Solect Technology Group, for $1.1B] in Toronto, Dow Jones via NYT, C4.
  6. SDL makes [$590m Veritech Microwave] acquisition to expand in optical equipment, Bloomberg via NYT, C4.
  7. 24/7 Media reaches agreement to buy e-mail marketer [Exactis.com, for $490m], Reuters via NYT, C4.
  8. Manufacturer in computer industry plans acquisition [- Vecco Instruments to buy CVC for $371m], Dow Jones via NYT, C4.
  9. Canadian building services company reaches U.S. deal [- Bracknell to buy Sunbelt Integrated Trade Services for $127-200m, say 163.5m], Bloomberg via NYT, C4.
  10. QRS to buy maker of Internet procurement software [Rockport Trade Systems, for $100m], Dow Jones via NYT, C4.
  11. Jupiter Communications to buy net research companies [Net Market Makers and Internet Research Group, for $50.6m], Bloomberg via NYT, C4.
  12. PC-Tel Inc. [bought Voyager Technologies for $20m], NYT, C4.
  13. Times Mirror Co. [to sell StayWell to Havas MediMedia for $??], NYT, C4.
  14. Microsoft buys Peach [Networks for $??], Boston Globe, C13.
For earlier Mergers&Acquisitions, click on the desired date -
  • Jan-Feb/2000
  • 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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