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


Mergers&Acquisitions - May, 2000

5/31/2000  10 takeovers reported, totaling $38.9933B + $undisclosed
  1. New deal is reshaping European telecommunications [- Vodafone AirTouch sold Orange PLC to France Telecom for $37.5B, by Andrew Sorkin, NYT, C4.
  2. CIBA [Vision] to buy Wesley Jessen for $758m cash, Reuters via NYT, C4.
  3. InterNAP [Network Services] buys computer warehouse company [CO Space for $244m in] stock, Bloomberg via NYT, C4.
  4. Guilford [Pharmaceuticals] agrees to acquire a maker of medical devices [Gliatech, for $203m], Bridge News via NYT, C4.
  5. Universal Health [Services] purchases 12 psychiatric hospitals [& real estate for $105m, 11 from Charter Behavioral Health Systems & 1 from Crescent Real Estate Equities], Bloomberg via NYT, C4.
  6. Unit of Adaptive Broadband will be bought by Comtech [Telecommunications for $61.5m], Bloomberg via NYT, C4.
  7. A Wisconsin utility will purchase another for stock [- WPS Resources to buy Wisconsin Fuel & Light for $56m], Bloomberg via NYT, C4.
  8. New England Business Service Inc. [to buy PremiumWear for 38+2.2= $40.2m], NYT, C4.
  9. 15 radio stations sold [to Triad Broadcasting by Adventure Communications for $25.6m], Bloomberg via NYT, C23.
  10. Kimberly-Clark Corp. [to buy S-K Corp. of Taiwan for $??], NYT, C4.
5/30/2000  3 takeovers reported, all $$undisclosed
  1. Callahan [Assocs. International, for $??] to acquire a [55%] stake in Telenet, by Dan Fineren, NYT, C4.
  2. SLI plans to purchase German lamp maker [Brilliant Holding, from Emess PLC for $??], Bloomberg via Boston Globe, C3.
  3. Primix Solutions buys Scandinavian company [Primant, for $??], Dow Jones via Boston Globe, C3.
5/29/2000  1 weekend takeover report, worth $20m
  1. Ennovate Networks to acquire Cornice [Communications for $20m] - Meshing of telecom firms may improve IPO prospects, by Peter Howe, Boston Globe, C1.
5/27/2000  5 takeovers reported, totaling $4.306B + $undisclosed
  1. Devon Energy set to purchase Santa Fe Snyder [for $2.35B], AP via NYT, B3.
  2. A struggling Reliance Group is sold [to Leucadia National for 295+735= $1.03B]..., by Louis Uchitelle, NYT, B3.
  3. Alcon Laboratories to buy Summit Technology [for $893m], Bloomberg via NYT, B3.
  4. KLLM Transport agrees to $33m buyout [by firm formed by pres. & CEO of KLLM & CEO of WorldCom], Dow Jones via NYT, B3.
  5. UnitedAuto Group Inc. [bought 5 Cleveland dealerships for $??], NYT, B3.
5/26/2000  7 takeovers reported, totaling $1.1982B + $$undisclosed
  1. Watson Pharmaceuticals agrees to buy a rival [Schein Pharmaceutical, for $644.2m], Bloomberg via NYT, C4.
  2. Steel maker buys plants [- Grupo Imsa in Mexico buys 2 steel processing plants & 7 steel finishing & service centers in USA from Broken Hill Proprietary in Australia for $234m], by Dan Fineren, NYT, C4.
  3. Medical company [Welch Allyn] to acquire diagnostic systems maker [Protocol Systems, for $145m], Dow Jones via NYT, C4.
  4. Sallie Mae to buy rival student lender [Student Loan Funding Resources, from Thomas L. Conlan Education Foundation] for $117m, Reuters via NYT, C4.
  5. Maker of devices for heart patients [Edwards Lifesciences] sells [Calif.-based Novacor] unit to rival [Ottawa-based World Heart, for $58m], Dow Jones via NYT, C4.
  6. Tesoro Petroleum Inc. [to buy 8 gas stations in western US from Gary-Williams Retail for $??], NYT, C4.
  7. Rohm & Haas Co. [to buy Mitsubishi Chemical's semiconductor chemicals unit for $??], NYT, C4.
5/25/2000  9 takeovers reported, totaling $4.3212B + $$undisclosed
  1. BMW completes Rover sale [- completes sale of Rover's SUV division to Ford Motor for $2.73B], by Alan Cowell, NYT, C4.
    [How does this relate to 5/10 item below "BMW sells Rover to British [Phoenix] Consortium for $15 and promise of aid"???], Bloomberg via NYT, C4.
  2. BP Amoco to buy rest [18%] of Vastar for $1.47B, Bloomberg via NYT, C4.
  3. First Place [Financial, the holding company for First Federal S&L of Warren, OH,] to acquire FFY [Financial of Youngstown] for about $72m, Bridge News via NYT, C4.
  4. Computer Sciences to buy Broken Hill [Proprietary's BHP Information Technology Proprietary unit [in Australia for $49.2m], Bloomberg via NYT, C4.
  5. Microchip [Technology] to buy chip plant from Matsushita [Electric Industrial for $??], Bloomberg via NYT, C4.
  6. Cabletron [Systems] to sell [former] Digital unit to Gores Technology [Group for $??], Bloomberg via NYT, C4.
  7. Newell Rubbermaid Inc. [to buy France-based Brio from Larson-Juhl International for $??], NYT, C4.
  8. Beyond Interactive buys a London firm [Media 21, for $??], by Stuart Elliott, NYT, C7.
  9. Wire-distribution deal [- Kent Electronics sold most of its redistribution business to Houston Wire & Cable for $??], Dow Jones via NYT, C8.
5/24/2000  11 takeovers reported, totaling $5.613B + $$undisclosed
  1. United [Airlines, for $4.3B,] plans to buy US Airways, creating giant in the Northeast - Merger, first by major carriers since 80's, may signal trend, by Gilpin & Leonhardt, NYT, front page.
  2. Nextlink [Communications] buying fiber optic networks in Europe [from Level 3 Communications for $306m], Dow Jones via NYT, C4.
  3. CommerceConnect [Media] plans to buy Cygnus Business [Media for $275m], Bloomberg via NYT, C4.
  4. Pivotal Technologies to be bought for $242.5m [by Broadcom Corp.], Bloomberg via NYT, C4.
  5. Alaska Communications [Systems Group] agrees to buy Matanuska [Telephone Assoc. for $187.5m], Reuters via NYT, C4.
  6. Marconi will buy Systems Management Specialists [for $113m], Dow Jones via NYT, C4.
  7. Avanex acquiring Holographix in $75m stock...deal, AP via NYT, C4.
  8. BMC Software purchasing OptiSystems [Solutions] for $70m, Bridge News via NYT, C4.
  9. British firm [Cenes Pharmaceuticals, for $44m] acquires Cambridge NeuroScience, Bloomberg via Boston Globe, D7.
  10. Stop & Shop to take over 75 NY, NJ [Edwards] stores [for $??, but internal since both owned by Royal Ahold], by Chris Reidy, Boston Globe, D3.
  11. Coldwell [Banker-Hunneman] buys brokerage [Itzkan & Marchiel Real Estate, for $??], by Richard Kindleberger, Boston Globe, D7.
5/23/2000  10 takeovers reported, totaling $5.7633B
  1. Two mergers highlight e-commerce trends [eg: Vignette buys OnDisplay in $1.7B stockswap], by Lawrence Fisher, NYT, C6.
  2. Two mergers highlight e-commerce trends [eg: WebMethods buys Active Software in $1.3B stockdeal], by Lawrence Fisher, NYT, C6.
  3. Castle & Cook accepts sweetened bid from chief [executive David Murdock, of $600m], Bloomberg via NYT, C4.
  4. Corning acquires rest of Intellisense [67%] for $500m, Bloomberg via NYT, C4.
  5. LSI Logic to buy chip maker [DataPath Systems for $420m], Bloomberg via NYT, C13.
  6. TotalFina Elf to sell some U.S. oil assets to Alon Israel [Oil for $400m: oil refinery, 1700 gas stations, & other assets], Bloomberg via NYT, C4.
  7. Advanced Micro [Devices] to sell [90%] of communications [products unit to Francisco Partners for $375m], Bloomberg via NYT, C4.
  8. Volkswagen buys rest [30%] of Skoda [for $300m], by Ladka Bauerova, NYT, C4.
  9. Carlton [Communications] buys biggest movie advertising company in U.S. [Screenvision Cinema Network, for $93.3m], Dow Jones via NYT, C4.
  10. GN Store Nord [of Copenhagen to buy Jabra Corp. of San Diego for 40+35= $75m], NYT, C4.
5/22/2000  1 weekend takeover report, worth $undisclosed
  1. Wireless ad groups to plan to merge [- Wireless Ad Council of Internet Advertising Bureau in New York & Wireless Advertising Industry Assoc. in San Francisco, for $??], by Stuart Elliott, NYT, C20.
5/20/2000  7 more takeovers reported, totaling $516m + $$undisclosed
  1. Autotote, betting-gear maker, to buy Scientific Games [Holdings, for $310m], Reuters via NYT, B3.
  2. Natural MicroSystems to add Canadian concern [InnoMedia Logic, for $155m], Dow Jones via NYT, B3.
  3. Netergy Networks to purchase closely held UForce [for $51m], Bloomberg via NYT, B3.
  4. Berkshire Hathaway Inc. [to but Ben Bridge Jeweler, for $??], NYT, B3.
  5. American Tissue purchase [of CST/Star for $??], Bloomberg via NYT, B4.
  6. Harcourt to buy [remaining 1/3 it doesn't already own] of medical Internet site [MD Consult, from Dutch-based Wolters Kluwer for $??], Bloomberg via NYT, B14.
  7. Harcourt [sold its professional-publishing business to Wolters Kluwer for $??], Bloomberg via NYT, B14.
5/19/2000  7 takeovers reported, totaling $1.997B + $$undisclosed
  1. Hartford Financial to buy [last 18.5%] of Hartford Life [for $1.31B], Reuters via NYT, C4.
  2. CFW Communications to purchase wireless [licenses & operations of Bell Atlantic's PrimeCo PCS in Richmond & Norfolk for $407m], Dow Jones via NYT, C4.
  3. Equity Office [Properties] sells [11] parking operations in 5 cities [for $180m to ??], Dow Jones via NYT, C4.
  4. [We think this story got garbled - we think it should probably read -]
    Cytec [Industries to buy, not] sell stake in Criterion [Catalyst] for 60[+40= $100m, for other 50% from its joint venture partner CRI International], Dow Jones via NYT, C4.
  5. Pantry to buy [for $??, 19 Big K] convenience stores in Mississippi, Bloomberg via NYT, C4.
  6. Bank One sells credit card division in Canada [to Royal Bank of Canada for $??], Bloomberg via NYT, C4.
  7. Bally TotalFitness Corp. [bought 13 Gold's Gym fitness centers around Portland, Ore., from Nautilus Plus for $??], NYT, C4.
5/18/2000  12 takeovers reported, totaling $2.906B + $$undisclosed
  1. M & T Bank agrees to buy rival [Keystone Financial, for $1B,] in Pennsylvania, Bridge News via NYT, C4.
  2. Management-led group [organized by Leonard Green & Partners, & Texas Pacific Group] to buy Petco [Animal Supplies] for 505 [+95= $600m], Reuters via NYT, C4.
  3. Time Warner [Telecom] buys GST Telecommunications assets [for $450m], Dow Jones via NYT, C4.
  4. TriZetto [Group], an Internet company, to buy IMS Health unit [for $225m], Reuters via NYT, C4.
  5. Temporary-staffing company [Staffmark] to sell commercial [services] unit [to Stephens Group for $196m], Dow Jones via NYT, C4.
  6. Sales by real estate trust [- United Dominion Realty Trust to sell 21 apt bldgs & 1 land parcel to undisclosed purchaser(s) for $195m], Dow Jones via NYT, C9.
  7. Centennial [Communications] in deal to expand Caribbean cable services [- to buy Puerto Rican cable TV systems serving 55,000 subscribers from Pegasus Communications for $170m], Bloomberg via NYT, C4.
  8. LSI Logic to acquire hardware company [IntraServer Technology] for $70m, Bridge News via NYT, C4.
  9. SFX Entertainment Inc. [of NYC bought Canada's Core Audience Entertainment for $??], NYT, C4.
  10. Alarm concerns to merge [- Security Associates International to merge with King Central, Monital Signal & SecurityVillage.com to form No. America's 4th-largest security alarm monitoring firm], Reuters via NYT, C12.
  11. GZA GeoEnvironmental [Technologies] signs to sell [out to Futureco Environmental for $??], Dow Jones via Boston Globe, D9.
  12. Pa. company [Vishay Intertechnology, for $??] acquires [Providence] R.I.'s Electro-Films, Dow Jones via Boston Globe, D9.
5/17/2000  10 takeovers reported, totaling $14.622B + $$undisclosed
  1. Phone giant buys Lycos for $12.5B - Purchase expands Internet unit of Spanish company, Telefonica, by Saul Hansell, NYT, C4.
    [And the next day, Lycos shares dropped over 20%. "Investors" finally gettin' smart?]
  2. Online auction merger [- Britain's QXL bought Germany's Ricardo.de for $1B], by Alan Cowell, NYT, C3.
  3. GlobeSpan buys iCompression for $392m..., Bloomberg via NYT, C3.
  4. Deal to buy Arco pipe line unit is amended by $36m [- Texas Eastern Products Pipeline to pay BP Amoco only $318.5m now for Arco Pipe Line], Bridge News via NYT, C3.
  5. Schlumberger buys the assets of [bankrupt] CellNet Data Systems [for 117+118= $235m], Bloomberg via NYT, C3.
  6. McDonald's Corp. [to buy bankrupt Boston Market business from Boston Chicken for $176.2m], NYT, C3.
    [Oh no, the world's biggest symbol of bland homogeneity is going to buy a chain that was once healthy and fun - but Boston Chicken, with its cute chicken logo, couldn't leave well enough alone, changed their name from distinctive and focused (Chicken) to bland (Market), lost focus and quality, and now has been consigned to bland homogeneous hell.]
  7. Agencies revamp, absorb and acquire [e.g., MARC USA buys St. George Group, both in Pittsburgh, for $??], by Stuart Elliott, NYT, C6.
  8. Agencies...absorb and acquire [e.g., E & F/MARC Advertising bought Izard & Leone Advertising for $?? & renamed self to MARC USA/Miami], by Stuart Elliott, NYT, C6.
  9. Agencies...acquire [e.g., True North Communications is merging Impact in Chicago into Marketing Drive Worldwide's Chicago operations, for $??], by Stuart Elliott, NYT, C6.
  10. Agencies...acquire [e.g., Ft. Lauderdale's Zimmerman & Partners buys Ad Team & Ad Productions, both of Miami, for $??], by Stuart Elliott, NYT, C6.
5/16/2000  11 takeovers reported, totaling $4.7935B + $$undisclosed
  1. Europe's top travel agency buying UK firm [- Preussag buying Thomson Travel Group for $2.7B], Bloomberg via Boston Globe, F5.
  2. Heritage Property to buy Bradley Real Estate [for 516+605= $1.121B], Bloomberg via NYT, C4.
  3. Choice One to buy US Xchange [for $518m], Bridge News via NYT, C4.
  4. Coinmach Laundry to be bought by investment firm [FTRC Golden Rauner, for $188m], Dow Jones via NYT, C4.
  5. Kodak buys out rest of PictureVision [49%] for $90m, Bloomberg via NYT, C4.
    [Bought first 51% in March 1998 - not counted then, so....]
  6. TMP Worldwide purchase [of VirtualRelocation.com for $56.5m], Bloomberg via NYT, C2.
  7. Weatherford International to buy Alpine Oil Services [for $55m], Bridge News via NYT, C4.
  8. Aztec Technology Partners Inc. [to sell most of its voice & data business to Morgenthaler Partners VI for $34.5m], NYT, C4.
  9. Epresence Inc. [bought SND for $30.5m], NYT, C4.
  10. The Unification Church's news affiliate buys UPI [for $??] - A wire service's new owner vows no editorial interference, by Christopher Marquis, NYT, A19.
    [Yeah, and if you believe that, we've got a nice bridge to sell ya over in Brooklyn. This is a conflict of interest waiting to surface. It's a class of problem that will only be designed out when takeovers are banned and companies have to sink or swim on their own, without puffing executive egos by looting market share from takeover victims.]
  11. Envision sells 2 units [Perfumania.com & PostaCard.com, to E Com Ventures for $??], Dow Jones via Boston Globe, F9.
5/15/2000  1 weekend takeover reported, totaling $1.2B
5/13/2000  7 takeovers reported, totaling $9.7776B + $$undisclosed
- world management's desperate attempt to find something to do with all the concentrated buying power it should be reinvesting in its own employees to maintain its own markets -
  1. International Paper in [$7.3B] deal for purchase of Champion [International], AP via NYT, B4.
  2. Ingersoll-Rand agrees to acquire Hussman [International, for $1.55B], AP via NYT, B3.
  3. Cisco Systems makes [$800m] deal for Qeyton of Sweden, Bridge News via NYT, B3.
    [Not even Scandinavia is free of the self-cannibalizing merger madness.]
  4. Entercom [Communications] to sell 3 [Kansas City] radio stations [to Susquehanna Radio for $113m]..., Bridge News via NYT, B3.
  5. Entercom [Communications] to...buy 3 [Madison, Wisc. radio stations for $14.6m from Woodward Communications], Bridge News via NYT, B3.
  6. Exxon Mobil to sell jet turbine [lubricator unit, Air BP Division,] to BP Amoco [for $??], Dow Jones via NYT, B3.
  7. General Dynamics Corp. [to buy a New Colt Holding unit that makes machine guns & grenade launchers], NYT, B3.
    [Howja like to be one of these clowns in Falls Church, Va., manufacturing death? But geez, under our 60-year-outdated workweek, we NEED the jobs, desperately, while management sedates itself with our 30-year-low in irrelevantly tightly counted unemployment.]
5/12/2000  9 takeovers reported, totaling $1.31B + $$undisclosed
  1. AES is paying $667m for 70% stake in power plant [MW Mohave Generating Station in Laughlin, Nev. - 56% from Southern California Edison & 14% from Nevada Power], Dow Jones via NYT, C4.
  2. Trimble Navigation is buying Thermo Electron business [Thermo Instrument Systems' Spectra Precision units, for $280m], Reuters via NYT, C4.
  3. Hanson Building [Materials] buys 2 makers of concrete products [for $135.9m - Joelson Taylor Concrete Products & Cincinnati Pipe], AP via NYT, C4.
  4. Agilent [Technologies] agrees to $120m deal for Salient 3 [Communications' Safco Technologies] unit, Bloomberg via NYT, C4.
  5. Barnes group buys Curtis Industries for $62.1m, Bloomberg via NYT, C4.
  6. Westfield unit [Ohio Farmers Insurance] is acquiring Old Guard [Group] for $45m, Dow Jones via NYT, C4.
  7. G.E. [Plastics] unit is buying [Cadillac] Plastic...business from M.A. Hanna [for $??], Reuters via NYT, C4.
  8. Quanta Services shares jump on news of six purchases [for $?? - Utilities Construction, TVS Systems, Southeast Pipeline Construction, MC Underground, Croce Electric, Eastern Communications], Bloomberg via NYT, C4.
  9. Peabody Group sells Citizens Power unit [to Edison Mission Energy for $??], AP via Boston Globe, E7.
5/11/2000  5 takeovers reported, totaling $3.418B
  1. SDL signs $1.8B agreement [to buy] Photonic [Integration Research], Reuters via NYT, C4.
  2. Brazil approval on [$1.1B] mobile phone deal [- Portugal Telecom to buy shares in Telesp Celular Participacoes that it does not own, by Jennifer Rich, NYT, C4.
  3. Exide to acquire GNB Technologies, a battery business [for $368m], Bridge News via NYT, C4.
  4. Prudential Mortgage to buy WMF [Group] for $100m, Dow Jones via NYT, C4.
  5. Keynote [Systems] will buy Velogic [for its website load-testing] services for $50m, Bloomberg via NYT, C4.
5/10/2000  10 takeovers reported, totaling $2.4734B
  1. British deal for Canadian fund [- Amvescap to buy Trimark Financial for $1.3B], by Timothy Pritchard, NYT, C4.
  2. United News [& Media] sells a magazine unit [UAP, for $520m] to Trader Publishing, Dow Jones via NYT, C4.
  3. Citadel unit will buy [for $300m, 11] Dick Broadcasting radio stations, Reuters via NYT, C4.
  4. First Union to buy brokerage business of First Albany [for $100m], Bridge News via NYT, C4.
  5. Reuters agrees to acquire Yankee Group from Primark [for $72.5m], Bridge News via NYT, C4.
    [Primark & Trimark. Mass.-based Primark sells & Toronto-based Trimark (#1 above) gets bought - "plus ça change...."]
  6. AgriBiotech to shed [turfgrass seed] unit [to firm's president & J.R. Simplot Co. for $65m + $? debt], Bloomberg via NYT, C10.
  7. Metromedia Fiber [Network] will buy undersea cable operations [from Pacific Gateway Exchange for $52m], Bloomberg via NYT, C4.
  8. MDSI Mobile Data [Solutions] will acquire Connectria for [$45m in] stock, Dow Jones via NYT, C4.
  9. Jaco [Electronics] buys Interface Electronics for $18.9m, Bloomberg via Boston Globe, D12.
  10. BMW sells Rover to British [Phoenix] Consortium for $15 and promise of aid, by Alan Cowell, NYT, C1.
5/09/2000  13 takeovers reported, totaling $11.9395B + $$undisclosed
  1. Young & Rubicam agrees to $5.7B takeover by WPP [Group], by Sorkin with Elliott, NYT, C1.
  2. QLogic to buy Ancor [Communications] in $1.7B stock deal, Reuters via NYT, C4.
  3. [Banco] Santander [Central Hispano] of Spain to acquire third-largest bank in Mexico [Grupo Financiero, for $1.56B], by Dan Fineren, NYT, C4.
  4. Tyco [International] to acquire electronic connector business [of Thomas & Betts for $750m], AP via NYT, C4.
    [Tyco is one of the most "absorptive parasites" we have - its bored execs can't do a d*mn thing but acquire.]
  5. Emmis [Communications, for $562.5m] to buy 15 TV stations from Lee Enterprises, Dow Jones via NYT, C4.
  6. Geon and M. A. Hanna are planning to merge [in $571 stockswap], Bloomberg via NYT, C4.
    [Figure from 5/12/00 "GE affiliate buys most of Hanna's plastics unit," Bloomberg via Boston Globe, E7.]
  7. AGL [Resources] buys Dominion's Virginia Natural Gas unit [for $500], Bloomberg via NYT, C4.
  8. Williams to sell paint units for $453m, Bloomberg via NYT, C4.
  9. Waste Management agrees to sell German operations [to Cleanaway Deutschland Holdings for $80m], Dow Jones via NYT, C4.
  10. Vermont Pure to buy Crystal Rock for $63m, Bloomberg via NYT, C4.
  11. TLC Laser Eye Centers Inc. [of Ont., Canada to buy Oregon Optometric Group Provider for $??], NYT, C4.
  12. Direct Partners buys a New York agency [FSA Communications, for $??], by Stuart Elliott, NYT, C10.
  13. Houghton Mifflin buys Alabama company [Virtual Learning Technologies, for $??], Dow Jones via Boston Globe, D9.
5/08/2000  2 weekend takeovers reported, totaling $5.5B + $undisclosed
  1. NTT [Communications of Japan] buying [remainder of Verio Inc.] Web company for $5.5B, Reuters via NYT, A16.
  2. HMS Partners acquires Hallmark/Tassone [for $??], by Patricia Lauro, NYT, C18.
5/06/2000  6 takeovers reported, totaling $6.7573B
  1. Cisco Systems agrees to buy ArrowPoint [Communications] for $5.7B, by Lawrence Fisher, NYT, B2.
  2. ADC Telecommunicattions in 2 fiber optic deals [e.g., to buy Altitun of Sweden for $872m], Bridge News via NYT, B3.
  3. ADC Telecommunicattions in 2 fiber optic deals [e.g., to buy Ibsen Micro Structures of Denmark for $80m], Bridge News via NYT, B3.
  4. Applied Digital [Solutions] to acquire Atec [Group] for $55.4m, Dow Jones via NYT, B3.
  5. Brooks [Automation] buys Calif. company [Irvine Optical, for $33m], Bloomberg via Boston Globe, C1.
  6. Medallion Financial to purchase Ameritrans Capital [for $16.9m], Bloomberg via NYT, B3.
5/5/2000  12 takeovers reported, totaling $952.2m + $$undisclosed
  1. Eastman Chemical is buying McWhorter Technologies [for 197+155= $352m], Dow Jones via NYT, C4.
  2. Danaher says it will pay $240m for Kollmorgen, Reuters via NYT, C4.
  3. Merck is buying ProVantage Health [Services] for $222m, Bridge News via NYT, C4.
  4. Canadian company [Yogen Fruz World-Wide] is buying Eskimo Pie for $36m, AP via NYT, C4.
    [Phil: How appropriate - Eskimo Pie returns to the Frozen North.   Kate: Now they can get Politically Correct & rename it "Inuit Pie."]
  5. Maryland banking deal [- Provident Bankshares bought Harbor Federal Bancorp for $32m], Bloomberg via NYT, C21.
  6. Summit Technology agrees to sell its Lens Express unit [to Strategic Optical Holdings for $31m], Bloomberg via NYT, C4.
  7. American Tower Corp. [bought General Telecom for $30m], NYT, C4.
  8. Albuquerque company [Muse Technologies] to buy Advanced Visual [of Waltham MA for $9.2m], by Ross Kerber, Boston Globe, C6.
  9. Wachovia says it is selling 19 of its 700 bank branches [e.g., 15 Va. branches to Va.'s F&M National for $??], Bloomberg via NYT, C4.
  10. Wachovia says it is selling 19 of its 700 bank branches [e.g., 4 to NC's Centura Banks for $??], Bloomberg via NYT, C4.
  11. NPC International Inc. [to buy 65 restaurants from Tricon Global Restaurants for $??], NYT, C4.
  12. GCI buying business of Russell-Welsh [for $??], by Stuart Elliott, NYT, C4.
5/04/2000  yet 9 more takeovers reported, totaling $1.3533B + $$undisclosed
  1. Yageo [of Taiwan, for $590.7m,] to buy Philips [Electronics' discrete & ferrite ceramics] units, Dow Jones via NYT, C4.
  2. Williams will pay $150m for [Columbia Energy's Cove Point, Md.] natural gas plant, Dow Jones via NYT, C4.
  3. Group [led by Dallas' Hicks Muse Tate & Furst] invests [$140m in merging 4] real estate software [firms - Argus Financial Software, B. J. Murray, CTI, & Newstar Solutions], Dow Jones via NYT, C8.
  4. A.D.P. [Automatic Data Processing] to buy Cunningham Graphics [International] for $127.6m, Dow Jones via NYT, C4.
  5. TD Waterhouse [Group] buys Dealwise, a discount broker [in Britain, for $127.5m], Bridge News via NYT, C4.
    [The Toronto-Dominion Bank unit has done 8 Commonwealth takeovers - just as dumb as Americans!]
  6. Castle Harlan acquires Gravograph [Industrie International from Financière St. Luc] for $100m, Bloomberg via NYT, C4.
  7. Hanover [Compressor, for $67.5m,] buying Applied Process Solutions, Bloomberg via NYT, C4.
  8. Carolina Power and Light Co. [to sell 65% of its Interpath Communications unit to Bain Capital for $50m], NYT, C4.
  9. 2 big markets [London & Frankfurt stock exchanges, for $??,] join in Europe [into "iX" for "International Exchanges"], with U.S. link [to Nasdaq], by Alan Cowell, NYT, A1.
    ...By way of contrast [per] the International Federation of Stock Exchanges \these world markets\ trade shares valued at..\..
5/03/2000  9 more takeovers reported, totaling $1.2191B + $$undisclosed
  1. Alberta Energy to acquire McMurry Oil...[for $613m], Dow Jones via NYT, C4.
  2. Lamar Advertising will buy 3 other billboard concerns [for $255.1m - Advantage Outdoor + 2 unnamed firms], Bloomberg via NYT, C4.
  3. Clarent agrees to acquire Act Networks in [$189m] stock deal, Dow Jones via NYT, C4.
  4. Alberta Energy['s midstream division] to acquire...Green River [Pipeline for $162m], Dow Jones via NYT, C4.
  5. MCN Energy Group Inc. [to sell its 95% of N.M. power project to Delta Power for $??], NYT, C4.
  6. An agency moves to consolidate its media services in a diversifying consumer market [- B Com3 to merge its Starcom Worldwide & Mediavest Worldwide units into Starcom Mediavest Group, for $??], by Stuart Elliott, NYT, C11.
  7. Gage Marketing makes acquisitions [e.g., Kuester Partners, for $??], by Stuart Elliott, NYT, C11.
  8. Gage Marketing makes acquisitions [e.g., Wilshire Group, for $??], by Stuart Elliott, NYT, C11.
  9. Stars and Stripes sold to iServed.com [by National Tribune for $??], Bloomberg via NYT, C11.
5/02/2000  9 takeovers reported, totaling $10.6233B
  1. ING [Group] to acquire ReliaStar [for 5.1+1= $6.1B], by Andrew Sorkin, NYT, C4.
  2. Siemens' [subsidiary, Siemens Medical Engineering Group, for $2.1B,] to acquire Shared Medical Systems, AP via NYT, C4.
  3. Dutch food concern [Numico, for $1.7B,] buys Rexall Sundown, Reuters via NYT, C4.
  4. Waste Management to sell BioGro unit to Synagro [Technologies for $200m], Reuters via NYT, C4.
  5. Applied Power selling unit to TotalFina Elf [for $170m], Dow Jones via NYT, C4.
  6. Guardian Industries to acquire Cameron Ashley [for $160m], Dow Jones via NYT, C4.
  7. Great Plains Software to buy Solomon Software [for $142.3m], Bloomberg via NYT, C4.
  8. Internet software deal [- Internet Commerce to buy BTrade.com for $43m], Dow Jones via NYT, C14.
  9. American Power [Conversion] buys computer products firm [ABL Electronics, for $8m], Dow Jones via Boston Globe, E12.
For earlier Mergers&Acquisitions, click on the desired date -
  • Mar-Apr/2000
  • 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.

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