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


Mergers&Acquisitions - June, 2000

6/30/2000  16 more takeovers reported, totaling $1.0752B, + $undisclosed -
  1. Texas Instruments makes another acquisition [- buys Dot Wireless for $475m], Bloomberg via NYT, C3.
  2. Senior managers agree to buy MPW [Industrial Services Group] for $178m, Bloomberg via NYT, C3.
  3. Family Education Network acquired [for $129m by Pearson PLC], by Stephanie Stoughton, Boston Globe, C7.
  4. Quest Software agrees to buy FastLane Technologies [for $100m], Bloomberg via NYT, C3.
  5. Tumbleweed in $63m deal for Interface Systems, Reuters via NYT, C3.
  6. TransCanada [Pipelines] makes R.I. power plant buy [- pays $61m + debt for 29.9% not already owned], Bloomberg via Boston Globe, C7.
  7. Madison Ave. rushes to complete several deals before an extra-long holiday weekend occurs [e.g., Cordiant Communications Group buys Donino, White & Partners for $30m], by Stuart Elliott, NYT, C5.
  8. Solomon-Page Group [to be bought by 3 of its top execs for $21.8m], NYT, C3.
  9. Checkers Drive-In Restaurants [sold 51 Rally's hamburger restaurants to Altes LLC for $16.4m], NYT, C3.
  10. Harpoon [Brewery] acquires Catamount Brewery for $1m, by Chris Reidy, Boston Globe, C4.
  11. Madison Ave...complete[s] several deals before...holiday [e.g., Interpublic Group buys Nationwide Advertising Service for $??], by Stuart Elliott, NYT, C5.
  12. Madison Ave...complete[s] several deals before...holiday [e.g., Chicago-based Draft buys NYC's Sloan Group for $??], by Stuart Elliott, NYT, C5.
  13. Madison Ave...complete[s] several deals before...holiday [e.g., NYC's Omnicom Group buys London's Court Burkitt for $??], by Stuart Elliott, NYT, C5.
  14. Madison Ave...complete[s] several deals before...holiday [e.g., NYC's Young & Rubicam buys London's Partners agency for $??], by Stuart Elliott, NYT, C5.
  15. Madison Ave...complete[s] several deals before...holiday [e.g., d/g sells 60% of itself to Future Source Communications for $??], by Stuart Elliott, NYT, C5.
  16. Madison Ave...complete[s] several deals before...holiday [e.g., True North Communications bought Event Mgmt & Promotions for $??], by Stuart Elliott, NYT, C5.
6/29/2000  16 takeovers reported, totaling $11.04274B, + $undisclosed -
  1. Tyco [International] buying Mallinckrodt for $3.2B, Reuters via NYT, C2.
  2. Gannett to acquire chain tied to the Pulliam family - Central Newspapers sold for $2.6B, by Diana Henriques, NYT, C2.
  3. Mack-Cali Realty to buy Prentiss [Properties Trust in 900+1000-245= $1655m] stock swap, Reuters via NYT, C4.
  4. Bank of America purchases the rest of Marsico Capital [Mgmt for $1.1B], Bloomberg via NYT, C4.
  5. Mattson agrees to acquire two companies for [$630m in] stock, Bloomberg via NYT, C4.
  6. Yahoo to expand with the purchase of e-mail service [eGroups, for $428m], Reuters via NYT, C4.
  7. Conexant [Systems] to buy closely held HotRail for $394 million, Bloomberg via NYT, C4.
  8. Apartment Investment and Management Co. [to buy rest of Oxford Realty Financial Group for 241+60= $301m], Bloomberg via NYT, C4.
  9. Calpers [Calif. Public Employees' Retirement System] and investor group buy residential developer [British American Tobacco's Genstar Land unit, for $223m], Bloomberg via NYT, C4.
  10. Veritas [Capital Fund] to buy electronics company [TechSym] for $182m, Bloomberg via NYT, C4.
  11. Dynatech buys Cheetah Technologies for $162m, Bloomberg via Boston Globe, D9.
  12. Inventor of bubble-wrap plastic [Sealed Air Corp.] to expand in Europe [by buying Dolphin Packaging for $119m], Bloomberg via NYT, C4.
  13. Borden Chemicals and Plastics LP [to sell its formaldehyde business & other assets to affiliate, Borden Chemical, for $48.5m], NYT, C4.
  14. Matritech makes buy [of ADL of Germany for 37153x6.50= $241,494.50], Dow Jones via Boston Globe, D9.
  15. Laser Vision Centers Inc. [bought Southeast Medical for $??], NYT, C4.
  16. German television merger [- ProSieben Media and SAT.1, both controlled by Kirch Group, will merge for $??], Bloomberg via NYT, C4.
6/28/2000  11 takeovers reported, totaling $1.056B, + $undisclosed -
  1. Media Metrix will acquire Jupiter - $400m deal to create tracking, research firm, AP via Boston Globe, C2.
  2. Japan sells Tokyo Sowa Bank to an investment fund [led by Wilbur L. Ross, the Asia Recovery Fund, for $331m], by Stephanie Strom, NYT, C4.
  3. Kaplan [Inc, the Washington Post's test-preparation subsidiary] will acquire a chain of post-secondary schools [Quest Education, for $165m], Reuters via NYT, C4.
  4. Car auction network [Canadian Auction Group, owned by Minnesota Power] plans to buy 9 auction sites [for $160m from Cox Enterprises' Manheim Auctions unit], Bloomberg via NYT, C4.
  5. Car auction network plans to buy 9 auction sites [- last week Minnesota Power bought Canadian Auction Group & its 13 auction sites for $?? (unreported then)], Bloomberg via NYT, C4.
  6. A. H. Belo will sell properties to lift its stock price [- Dallas Morning News publisher will sell The Messenger-Inquirer & The Gleaner in Ky. & The Eagle in Tex. for $??], Bloomberg via NYT, C4.
  7. Ingersoll-Rand to buy German software maker [Interflex Datensysteme, for $??], Dow Jones via NYT, C4.
  8. Pinnacle [Global Group] agrees to acquire the Blackford [Securities] brokerage [for $??], Bloomberg via NYT, C4.
  9. Fresh Del Monte Produce Inc. [to buy Graziano Produce for $??], NYT, C4.
  10. General Electric Co.['s GE Plastics unit bought Commercial Plastics & Supply for $??], NYT, C4.
  11. Japanese cable merger [- Jupiter Telecommunications & Titus Communications will merge Sept. 1 for $??], by Stephanie Strom, NYT, C4.
6/27/2000  10 takeovers reported, totaling $4.331B, + $undisclosed -
  1. Webvan will acquire HomeGrocer.com - $1.2B deal aims at weaning shoppers from supermarkets, by Lawrence Fisher, NYT, C10.
    [Like they got a hope.]
  2. Valspar agrees to buy Lilly Industries, a rival [for 762+213= $975m], Bloomberg via NYT, C4.
  3. McGraw-Hill to buy Tribune's educational unit [Tribune Education, for $635m], Reuters via NYT, C4.
  4. Ariba to buy SupplierMarket.com - Burlington firm sold in $581m stock deal, Bloomberg via Boston Globe, E20.
    or, Ariba to buy online auctioneer for $581 million, Reuters via 6/28 NYT, C4.
  5. Calpine in two deals to add power plants [- e.g., to pay $450m for SkyGen Energy], Reuters via NYT, C4.
  6. Cardinal Health to purchase medical supply unit [from Bergen Brunswig for $181m], Dow Jones via NYT, C4.
  7. Pulitzer makes deal to take over 38 subsurban weeklies [the Suburban Journals of Greater St. Louis, from the Journal Register for $165m], Bloomberg via NYT, C4.
  8. Mattel sells Cyber Patrol to JSB Software [Technologies for $100m], Reuters via NYT, C4.
  9. Lycos agrees to buy MetroSplash.com for $44m [to get Matchmaker.com], Bloomberg via NYT, C4.
  10. Sabre Holdings Corp. [of Ft. Worth to buy 51% of Dillon Communications Systems of Hamburg for $??], NYT, C4.
6/26/2000  2 weekend takeovers reported, totaling $24.7B -
  1. Nabisco [Group Holdings' Nabisco Holdings food business] in accord to be purchased by [Kraft Foods' parent,] Philip Morris - Deal put at $14.9B, by Kenneth Gilpin, NYT, front page.
    [Followup -]
    Philip Morris changes its name, 1/27/2003 WSJ, C3.
    NEW YORK - Philip Morris Cos. officially changed its name to Altria Group Inc.... The company's consumer-product companies will retain their current identities - Philip Morris USA, Philip Morris International and Kraft Foods Inc.
    [More followup -]
    Altria Group Inc., Dow Jones via 1/28/2003 WSJ, D8.
    ...Altria is keeping the old Philip Morris ticker symbol, MO.

  2. Nabisco [Group Holdings' other businesses] to be purchased by [R.J. Reynolds Tobacco Co.] - Deal put at [$9.8B], by Kenneth Gilpin, NYT, front page.

6/24/2000  11 takeovers reported, totaling $6.6889B, + $undisclosed -
  1. Investor group [Hicks, Muse, Tate & Furst and Bear Stearns' merchant banking unit, for $3B,] planning to purchase Johns Manville, Reuters via NYT, B3.
  2. ConAgra to acquire International Home Foods [for $1.6B], Reuters via NYT, B3.
  3. Canada-Brazil technology deal [- Celestica bought Brazilian equipment plant from NEC for $1.2B], by Jennifer Rich, NYT, B2.
  4. Alantro Communications agrees to a $300 million [takeover by Texas Instruments], Bloomberg via NYT, B3.
  5. Medical Assurance is set to add Professionals Group [for $232m + $? debt], Bloomberg via NYT, B3.
  6. Hagemeyer, Dutch wholesaler, bids for Cameron [- bought Vallen for $201m in Nov. - unreported then], Bloomberg via NYT, B3.
  7. American Tower buys [200 more communications] towers [from Vodafone AirTouch's AirTouch Communications unit for $76.2m], Bloomberg via Boston Globe, C1.
  8. VitriSeal [of Utah], corrosion protector maker, adding Distech [of New Zealand for $54.7m], Bloomberg via NYT, B3.
  9. Cardinal Health unit [R. P. Scherer] to buy part of Advanced Polymer [Systems for $25m, including plant in Lafayette, La.], Dow Jones via NYT, B3.
  10. Hagemeyer, Dutch wholesaler, bids for Cameron [- bought Tristate Electrical & Electronics Supply for $?? in Nov. - unreported then], Bloomberg via NYT, B3.
  11. Cooper Tire and Rubber Co. [to sell its Holm Industries unit to Madison Capital Partners for $??], NYT, B3.
6/23/2000  8 takeovers reported, totaling $2.336B, + $undisclosed -
  1. Fisher Scientific [International] in 840[+260= $1100] million deal of PSS [World Medical], Bloomberg via NYT, C4.
  2. Hyundai Trust investment [- W.L. Ross & Co., American International Group and 4 other foreign companies will pay $804m total for control of Hyundai Investment Trust & stakes in 2 units], Bloomberg via NYT, C4. [Halted, per 9/06/00, "Fisher Scientific rises after halting PSS buy," Bloomberg via Boston Globe, C9.
  3. Sinclair [Broadcast Group] to sell 6 [radio] stations to Emmis [Communications for $220m]..., Bloomberg via NYT, C4.
  4. Pegasus is paying $100m for 12 DirecTV affiliates [in Texas, upper Midwest & central Plains], Bloomberg via NYT, C4.
  5. Ditech Communications is buying Atmosphere Networks [for $$88.5m], Dow Jones via NYT, C4.
  6. Clark/Bardes buys Pearl Meyer for $23.5m, Bloomberg via NYT, C4.
  7. Ferro says it is acquiring chemicals unit from Solutia [for $??], Bloomberg via NYT, C4.
  8. Alliances and mergers among entertainment marketers to bring changes to theater business [eg: Grey Global (nee Grey Advertising) merged G-Whiz with Grey Entertainment for $?? in Feb. (but uncounted then)], by Stuart Elliott, NYT, C5.
6/22/2000  11 takeovers reported, totaling $11.11B (11.106 to be exact), + $undisclosed -
hmm, a harmonic day for takeovers! 11 worth 11.11B on June 11+11 -
  1. Texas Instruments is paying $7.6b for chip maker - Burr-Brown products will extend [TI's] lines - The purchase will make the company much stronger in analog converters, by Lawrence Fisher, NYT, C2.
  2. Swedish merger [- Metso Oyj of Finland to buy Svedala Industri of Sweden for $1.6B], Bloomberg via NYT, C4.
  3. Newmont Mining to buy Battle Mountain Gold [for 557+199= $756m], Dow Jones via NYT, C4.
  4. Dexter agrees to sell two major units...[eg: electronic materials, adhesives & polymer systems unit to Henkel's Loctite unit for $400m], Reuters via NYT, C4.
  5. Virata to acquire Excess Bandwidth for $315m, Bloomberg via NYT, C4.
  6. Dexter agrees to sell two major units...[eg: nonwoven materials unit to Ahlstrom Paper Group for $275m], Reuters via NYT, C4.
  7. U.S. acquisitions by Irish building materials company [- Dolomite Group & Northern Ohio Paving bought by CRH PLC (dba Oldcastle Materials in US) for $160m cash + $?? assumed debt], by Brian Lavery, NYT, C4.
  8. Former Redskins owner [John Kent Cooke, via Cooke Communications] buys Florida Keys newspapers [ie: Key West Citizen & 6 nondailies, for $??], Bloomberg via NYT, C4.
  9. IBM plans to sell [E. Fishkill, NY] chip plant to Philips Semiconductors [affiliate of Royal Philips Electronics, for $??], Dow Jones via NYT, C4.
  10. Havas creating an advertising unit [- Havas Advertising buying Kratz & Jensen for $??], by Keith Bradsher, NYT, C6.
  11. Havas creating an advertising unit [- Havas Advertising buying Capstone for $??], by Keith Bradsher, NYT, C6.
6/21/2000  14 takeovers reported, totaling $40.3339B -
  1. Vivendi buys Seagram for $30b, creating major media player, AP via Boston Globe, C2.
  2. Alliance Capital [Management to buy Sanford C.] Bernstein [& Co. for $3.5B], by Danny Hakim, NYT, C1.
  3. Advertising - The $1.9 billion Saatchi [& Saatchi] deal vaults Publicis to the top tier, by Stuart Elliott, NYT, C6.
  4. Commerce One in [$1.28B] deal for AppNet to increase services, Reuters via NYT, C4.
  5. Pacific Gulf to sell [its] industrial properties to CalWest [Industrial Properties for 812+117= $929m], Dow Jones via NYT, C4.
  6. Berkshire Hathaway to buy Justin Industries [for $600m], AP via NYT, C4.
  7. Computer Sciences in $568 million deal to acquire Mynd, AP via NYT, C4.
  8. Software acquisition [- Brokat Infosystems to buy Blaze Software for $560.5m], Bloomberg via NYT, C4.
  9. Reynolds & Reynolds plans to sell a unit [its Information Solutions Group] to Carlyle [Group for $360m], Reuters via NYT, C4.
  10. Software acquisition [- Brokat Infosystems to buy GemStone for $271.2m], Bloomberg via NYT, C4.
  11. A division of Bertelsmann plans to buy Inc. Magazine [for $200m], AP via NYT, C4.
  12. Boston complex sold [- Charles River Plaza sold to Davis Cos. for $76.2m], Boston Globe, C10.
  13. Metromedia [International] to buy a fiber optic network in Moscow [by buying 50% of its owner, Comstar, a joint venture of Moscow City Telephone Network & Marconi Communications of Britain, for $60m], Bloomberg via NYT, C4.
  14. Hanover Compressor Co. [to buy rival OEC Compression, both in Texas, for $29m], NYT, C4.
6/20/2000  12 takeovers reported, totaling $8.2205B, + $undisclosed
  1. AT&T paying $3.3 billion to add wireless systems [in Houston from PrimeCo PCS, in San Diego from GTE & in San Francisco from Vodafone AirTouch], by Simon Romero, NYT, C15.
  2. Canadian oil merger [- HK billionaire Li Ka-Shing's Renaissance Energy engulfs Husky Oil for $1.9B to form Husky Energy in Calgary], by Timothy Pritchard, NYT, C4.
  3. South African fund in American deal [- Old Mutual to buy Boston's United Asset Manager for $1.5B], by Henri Cauvin, NYT, C4.
  4. Royal Bank [of Canada] acquisition [of 2 Liberty units in SC, Liberty Life Insurance & Liberty Insurance Services, for $650m], by Timothy Pritchard, NYT, C4.
  5. Lucent [Technologies, for $438m] agrees to acquire Herrmann Technology, Dow Jones via NYT, C4.
  6. Royal Bank acquisition [of Liberty units while Liberty in SC buys Civic Communications in Miss. for $204m], by Timothy Pritchard, NYT, C4.
  7. Ralcorp [Holdings] to buy Red Wing, foor-product maker [for $132.5m], AP via NYT, C4.
  8. Hagler Bailly agrees to purchase by PA Consulting [Group for $96m], Bloomberg via NYT, C4.
  9. [H.J.] Heinz is selling U.S. can-making operations [& those in American Samoa & Puerto Rico to Impress Metal Packaging Holdings for $??], Bloomberg via NYT, C4.
  10. Hartford [Financial Services] Group to buy some Reliance Group [Holdings] businesses [for $??, even as Reliance is sold to Leucadia, see 5/27/00 below], Bloomberg via NYT, C4.
  11. Blattner Brunner acquires EPB [Communications] unit [Egan/St. James, for $??], by Stuart Elliott, NYT, C8.
  12. Banknorth to buy insurer [Palmer Goodell Insurance Agency, for $??, for merger into Morse, Payson & Noyes Insurance, in wake of Banknorth's own purchase by Peoples Heritage Financial Group, see 6/03/99], Bloomberg via NYT, C11 (additional info from "Banknorth to acquire Mass. insurance firm," AP via Boston Globe, C11).
6/19/2000  1 weekend takeover reported, worth $undisclosed
  1. Acquisitions set at...HMS [- HMS Partners ad agency is buying Workstate interactive for $?? & merging it with its Studiomotiv unit into "Motivo"], by Courtney Kane, NYT, C16.
6/17/2000  6 takeovers reported, totaling $1.4853 + $undisclosed + 12 armed police
  1. CDC Asset Management agrees to buy Nvest [for $700m], Dow Jones via NYT, B3.
  2. Mission Orchard [Statutory] Trust to acquire Pacific Gateway [Properties for $500m], Dow Jones via NYT, B3.
  3. Covad Communications [Group] in stock purchase of Bluestar [Communications for $202m], Dow Jones via NYT, B3.
  4. WILink.com to add Knutsford Group of Britain [for $83.3m], Dow Jones via NYT, B3.
  5. [France-based Groupe] Danone buys Naya [of Quebec for $??], by Timothy Pritchard, NYT, B2.
  6. Czech bank seized [- Czech central bank, with 12 armed special police, seized control of country's 3rd-largest bank, Investicni a Postovni Banka], by Ladka Bauerova, NYT, B2.
6/16/2000  12 takeovers reported, totaling $2.5085B, + $undisclosed
  1. Sallie Mae agrees to buy USA Group for $770m, AP via NYT, C4.
  2. Ranger [Oil] accepts sweeter [$748] bid from Canadian Natural Resources, by Timothy Pritchard, NYT, C4.
  3. Deal for Russian cigarette maker [- Gallagher Group of Britain to buy Liggett-Ducat for $390.5m], by Sabrina Tavernise, NYT, C4.
  4. E*Trade [Group] is buying owner of Canadian trading service [Versus Technologies, for $174m], Dow Trade via NYT, C4.
  5. Hospitality Properties [Trust, for $145m,] to buy 10 Marriott [International] hotels, Bloomberg via Boston Globe, E6 [or 6/17/00 "Marriott International sets sale of 10 hotels," Bridge News via NYT, B3].
  6. Cotelligent says it is selling staffing unit to Comsys [Information Technology Services for 121+10= $131m], Dow Jones via NYT, C4.
  7. Emmis [Communications] is buying 2 radio stations from Clear Channel [for $108m - KKFR-FM in Phoenix & KXPK-FM in Denver], Bloomberg via NYT, C4.
  8. Adaptive Broadband Corp. [to sell its microwave radio unit to Moseley Assocs. for $42m], NYT, C4.
  9. United Defense [in $??] deal [with Saab's Celsius unit] for Bofors Weapon Systems, Reuters via NYT, C4.
  10. United Stationers says it is buying Azerty Canada [from Miami Computer Supply for $??], Bloomberg via NYT, C4.
  11. Scotts Co. [to buy Substral plant-fertilizer brand from Henkel for $??], NYT, C4.
  12. Local [Gloucester Seafood Display Auction] bought by online trader [Global Food Exchange.com, for $??], by Jerry Ackerman, Boston Globe, E6.
6/15/2000  11 takeovers reported, totaling $2.7673B, + $undisclosed
  1. Bass selling its beer business to the Belgians [- to Interbrew, for $2.1B], by Alan Cowell, NYT, C4.
  2. Nortel Networks will acquire Epicon for $275m, Dow Jones via NYT, C4.
  3. PMC-Sierra buys the [remaining 85%] of Malleable [Technologies] for $229 million, Bloomberg via NYT, C4.
  4. NetScout Systems acquires NextPoint [Networks] for $60m, Dow Jones via NYT, C4.
  5. Internet Commerce purchases private web consultant [Research Triangle Commerce, for $42m], Bloomberg via NYT, C4.
  6. American TeleSource [International] buys telephone services provider [Genesis Communications International, for $37.3m], Dow Jones via NYT, C4.
  7. Needham [Mass.]'s MCK to buy Dallas firm [Digital Technologies Inc. (DTI)] for $24m, by Peter Howe, Boston Globe, C4.
  8. UPS expands abroad with two acquisitions [e.g., Comlasa of Miami for $??], Reuters via NYT, C4.
  9. UPS expands abroad with two acquisitions [e.g., Computer Logistics Solutions of Australia for $??], Reuters via NYT, C4.
  10. Ophelio Inc. [of Boston] acquired by California firm [Flashpoint Technology, for $??], by Kathryn Tong, Boston Globe, C9.
  11. Law firms to merge [- Edwards & Angell with Dike, Bronstein, Roberts & Cushman, for $??], by Megan Matteucci, Boston Globe, C9.
6/14/2000  17 takeovers reported, totaling $7.1521B, + $undisclosed
  1. A South African-Canadian merger in gold - The [$3.4B Franco-Nevada Mining] deal for Gold Fields [Ltd. of Jo-burg] is expected to create a mining giant, by Henri Cauvin, NYT, C4.
  2. Adelphia to buy 2 cable TV systems in Virginia [for $836m], Reuters via NYT, C4.
  3. Colombian wireless deal [- Celumovil to buy Corelco for 370+200= $570m], Reuters via NYT, C4.
  4. Harvard Industries agrees to purchase air bag maker [Breed Technologies, for 300+220= $520m], Bloomberg via NYT, C4.
  5. Parker Hannifin plans to buy another Sealant maker [Wynn's International, for 438+59= $497m], Reuters via NYT, C4.
  6. Broadcom agrees to acquire Innovent [Systems] for $438m, Bridge News via NYT, C4.
  7. EBay to acquire Half.com, a trading site for used items [for $312.8], Bloomberg via NYT, C4.
  8. Station Casinos to acquire Sante Fe Hotel and Casino [from Santa Fe Gaming for $205m], Bloomberg via NYT, C4.
  9. Sykes [Enterprises] sells [its SHPS] employee benefits unit in restructuring [to Welsh, Carson, Anderson & Stowe for $165.5m], Bloomberg via NYT, C4.
  10. Illuminet [Holdings] acquires National Telemanagement for [83.9 in] stock [+3.9 in debt = $87.8m], Dow Jones via NYT, C4.
  11. Radio stations sold [by Roberts Radio to Clear Channel Communications for $65.9m, including 4 serving Poughkeepsie NY & 25 in western states], Bloomberg via NYT, C9.
  12. Applied Power Inc. [sold 5 warehouses to W.P. Carey & Co. for $29.1m & will lease them back], NYT, C4.
  13. Westwood One Inc. [& affiliates of Sandler Capital Mgmt to buy SmartRoute Systems of Cambridge MA for $25m], NYT, C4.
  14. Loudeye Technologies Inc. [to buy VidiPax for $??], NYT, C4.
  15. Colombian wireless deal [& BellSouth to gain 50.35% of Celumovil by buying 16.55% stake held by AT&T Wireless Services & Chase Manhattan International Finance for $??], Reuters via NYT, C4.
  16. Pearson buys Argentine daily [El Cronista, for $??], Reuters via NYT, C4.
  17. United Illuminating unit [American Payment Systems, for $??,] buys QuickPay Service, Bloomberg via Boston Gobe, D2.
6/13/2000  12 takeovers reported, totaling $3.5423B, + $undisclosed
  1. Northrop Grumman selling jet-parts division [to Carlyle Group for 843+400= $1243m], AP via NYT, C4.
  2. Maverick Tube to buy [Canada's] Prudential Steel for $483m, Dow Jones via NYT, C4.
  3. Liberty Financial to buy Wanger Asset Management [for 280+170= $450m], Dow Jones via NYT, C4.
  4. PerkinElmer buying Nen Life Sciences for $400m [from investment group led by Genstar Capital], Bloomberg via NYT, C4.
  5. Scoot.com to buy Loot [Ltd., both British, for 283.4+3= $286.4m], Dow Jones via NYT, C4.
  6. Engage will buy MediaBridge Technologies [for $268.3m], Dow Jones via NYT, C4.
  7. Northrop Grumman selling jet-parts division [& buying Compteck Research for $155.6m], Bloomberg via NYT, C4.
  8. Dollar Financial agrees to buy Direct General [for 120+10= $130m], Bloomberg via NYT, C4.
  9. Qiagen to acquire Operon [Technologies] for $110 million in stock, Bloomberg via NYT, C4.
  10. Boston Private Financial Holdings Inc. [bought Sand Hill Advisors for 11.2+4.8= $16m], NYT, C4.
  11. American Greetings Corp. [to buy CPS Corp. from Fox Valley Corp. for $??], NYT, C4.
  12. Airtel ownership truce [- Vodafone AirTouch will increase its stake in Airtel Movil from 22% to 55% for $??], by Alan Cowell, NYT, C4.
6/12/2000  2 weekend takeovers reported, totaling $93m
  1. London firm [Taylor Nelson Sofres] buys Competitive Media [Reporting of NYC from VNU of Holland for $88m], Bloomberg via NYT, C16.
  2. Marlborough [Mass.]'s Media 100 makes two deals - Buying Calif., NY companies [21st Century Media & J2 Digital Media, respectively] for $5m [total], by Stephanie Stoughton, Boston Globe, D5.
6/10/2000  5 takeovers reported, totaling $436.3m
  1. ADC [Telecommunications] in $200m deal for Centigram [Communications], Dow Jones via NYT, B3.
  2. Liberty Media Group to acquire SounDelux [Entertainment's post-production & sound] businesses [for $90m in deal that replaces one reported 7/31/99], Dow Jones via NYT, B3.
  3. Dominion Resources [of Va.] sells [80%] British power unit stake [in Corby Power to PowerGen for $80m], Bridge News via NYT, B3.
  4. Security Capital agrees to acquire Health Power [for $36.3m], Bloomberg via NYT, B3.
  5. Modtech [Holdings] to buy its competitor, Miller Building Systems [for $30m], Bridge News via NYT, B3.
6/09/2000  11 takeovers reported, totaling $5.8785B + $undisclosed
  1. Southern is buying four plants from Potomac [Electric Power for $2.65B], Bloomberg via NYT, C4.
  2. 38 Thomson newspapers fetch $1.58B [- most of its US dailies sold to Gannett & Community Newspaper Holdings], AP via Boston Globe, C11.
  3. Go.com is selling Ultraseek to Inktomi for $344m, NYTimes.com/TheStreet.com via NYT, C4.
  4. EarthLink agrees to buy OneMain.com for $308m, Reuters via NYT, C4.
  5. Cox Radio sets deal for Atlanta station [- buys WALR-FM from Midwestern Broadcasting for $280m], Bloomberg via NYT, C6.
  6. Molecular Devices agrees to acquire LJL Biosystems [for $262.8], Reuters via NYT, C4.
  7. BuyItNow.com and PcWonders.com say they will merge [- BuyItNow will get 2/3 equity for $250m], Dow Jones via NYT, C4.
  8. Peco Energy is buying four contractors for $95m [- Dashiell of Tex., Dacon of La., Michigan Trenching Services, & VSI Group of Md.], Bloomberg via NYT, C4.
  9. Troy [Financial] agrees to pay $90m for Catskill Financial, Bridge News via NYT, C4.
  10. Jaco Electronics [bought Interface Electronics for 15.4+3.3= $18.7m], NYT, C4.
  11. Broadcaster [Hispanic Television Network, for $??, bought] 9 TV stations [including new flagship station, KLDT, Channel 55, covering Dallas-Fort Worth], Bloomberg via NYT, C2.
6/08/2000  8 takeovers reported, totaling $665m + $undisclosed
  1. Mitel buys Vertex, a network chip developer [for $200m], Reuters via NYT, C4.
  2. Nation's largest prepaid phone card supplier is sold [- PT-1 Communications is sold by Star Telecommunications to a subsidiary of Counsel Corp. of Toronto for $150m], Dow Jones via NYT, C4.
  3. Inc.ubator Capital buys ThemeWare for $135m, Bridge News via NYT, C4.
  4. Hanover Compressor to acquire Stewart & Stevenson [Services for $60m], Bloomberg via NYT, C4.
  5. Lions Gate Entertainment [of Canada to buy] Trimark [Holdings for $50m -] agree to merge, AP via NYT, C4.
  6. Bay View Capital Corp. [to sell its Bankers Mutual lending unit to Berkshire Mortgage Finance for $40m], NYT, C4.
  7. Sunglass Hut [International] doubles watch business with acquisition [of Watch World International for $30m], Bloomberg via NYT, C4.
  8. BEA Systems Inc. [bought Softport Systems for $??], NYT, C4.
6/07/2000  10 more takeovers reported, totaling $24.6501B + $undisclosed
  1. [$20.3B] Unilever deal for Bestfoods signals more acquisitions, by Constance Hays, NYT, C1.
  2. Sycamore [Networks] to buy Sirocco [Systems] for $2.9B, Reuters via NYT, C4.
  3. Merrill [Lynch] to pay $914 million for no. 3 market maker [Herzog Heine Geduld], Bloomfield via NYT, C4.
  4. CacheFlow buys Springbank [Networks] for $180 million, Bloomfield via NYT, C4.
  5. Varian [Medical Systems] plans to buy Impac [Medical Systems] for about $135 million, Bloomfield via NYT, C4.
  6. Welch Allyn [Data Collection's Hand Held Products affiliate] to acquire PSC for $103 million, Dow Jones via NYT, C4.
  7. Maxim Pharmaceuticals agrees to acquiqre Cytovia [for $73.1m], Dow Jones via NYT, C4.
  8. TBC Corp. [to buy Tire Kingdom for $45m], NYT, C4.
  9. Wells Fargo to buy Charter Financial [for $??], Dow Jones via NYT, C4.
  10. Palm buys Actual [Software for $??], Bridge News via Boston Globe, C10.
6/6/2000  10 takeovers reported, totaling $3.9433B + $undisclosed
  1. Telefonica to buy Internet concern [Bertelsmann Internet operator, Mediaways, for $1.6B], Bloomfield via NYT, C4.
  2. Bolstering its emphasis on data, Thompson will buy Primark [for 842+235= $1.077B], by Timothy Pritchard, NYT, C4.
  3. Caxton-Iseman [Capital] is buying Buffets Inc. [for $643m], Reuters via NYT, C4.
  4. Emmis Communications to acquire 3 radio stations [in Phoenix from Hearst-Argyle Television for $160m], AP via NYT, C4.
  5. Beasley Broadcast to buy [3 Vegas & 3 New Orleans radio] stations for $138m [from Centennial Broadcasting], Bridge News via NYT, C4.
  6. Cisco [Systems] will buy HyNex [from Elbit of Israel for $127m] and gain A.T.M. technology, Dow Jones via NYT, C4.
  7. Refrigerator company sold [- Novolipetsk Metal Factory of Russia to sell its subsidiary Stinol to Merloni Elettrodomestici of Italy for $119.3m], by Sabrina Tavernise, NYT, C4.
  8. Cahners [Business Information] buys eLogic [for $79m], Boston Globe, D11.
  9. Lear Corp. [sold its exterior-mirror business to its joint venture with Bing Group for $??], NYT, C4.
  10. Hasbro unit makes buy [- Wizards of the Coast to buy Last Unicorn Games for $??], Dow Jones via Boston Globe, D11.
6/03/2000  8 takeovers reported, totaling $1.0877B
  1. Celotex sells gypsum wallboard and ceiling tile units [to BPB PLC for $345m], Bloomberg via NYT, B4.
  2. Crestline Capital and Bedrock Partners to buy [15-20 midprice] hotels [worth $250m], Bloomberg via NYT, B4.
  3. Cigna sells portion of its reinsurance business [to Life Reassurance of America for $170m], Dow Jones via NYT, B4.
  4. GE Medical agrees to buy diagnostic systems maker [Lunar Corp. for $150m], Bridge News via NYT, B4.
  5. Nexis agrees to purchase of RiskWise International [for $90m], Dow Jones via NYT, B4.
  6. Union Miniere [of Brussels to buy shares it doesn't already own of Laser Power Corp. of San Diego for $38.7m], NYT, B4.
  7. Innoveda to buy Pads Software [for $32m], Bloomberg via Boston Globe, F1.
  8. iVillage confirms plans to sell its baby products unit [- iVillage bought iBaby for $12m last year - not counted then], Reuters via NYT, B4.
6/02/2000  15 takeovers reported, totaling $14.1013B + $undisclosed
- billion-dollar deals is the only way the beneficiaries of our primitive, dysfunctionally wealth-concentrating system can con themselves into believing that wealth concentration on this scale is functional -
  1. GE, BT fund to buy MEPC for $5.2B cash, debt, Bloomberg via Boston Globe, D3.
  2. Canadian aluminum maker to buy Swiss rival - A three-way deal having failed, Alcan offers $4.7 billion [for Algroup], by John Tagliabue, NYT, C4.
  3. Ownership changes in Brazil steel [- 2 big unnamed institutional shareholders buy Siderugica Nacional's 42% controlling stake [sic] in Vale do Rio Doce & then sell their whole stake to a 3rd large unnamed institutional shareholder, for $2B], by Jennifer Rich, NYT, C4.
  4. Deal for coal miner [- Anglo American to buy Shell Coal Holdings from Shell Petroleum for $875m], by Henri Cauvin, NYT, C4.
  5. Oak Hill Capital [Partners] to buy leading truck stop operator [TravelCenters of America, for $731m], Reuters via NYT, C4.
  6. Signet, a specialty jeweler, to acquire Marks & Morgan [for 115+45= $160m], Bridge News via NYT, C4.
  7. Bisys [Group] agrees to buy provider of insurance software [Primedia, for $129m], Bloomberg via NYT, C4.
  8. Home builder sells a unit [- Kaufman & Broad Home Corp. sold Kaufman & Broad Multi-Housing Group to Simpson Housing Limited Partnership for $85.5m], Bloomberg via NYT, C21.
  9. Clarus says it will purchase an Irish software maker [Redeo Technologies, for $60m], Dow Jones via NYT, C4.
  10. Aspen [Technology] acquires another petroleum software company [Petrolsoft, for $59.6m], Bloomberg via NYT, C4.
  11. Kinder Morgan [Energy Partners] buys [majority stakes in] a Texas gas pipeline [Canyon Reef Carriers Pipeline] and [Sacro] unit [from Devon Energy for $55m], Bloomberg via NYT, C4.
  12. Catalina Lighting will purchase Ring, a British rival [for $33m], Bloomberg via NYT, C4.
  13. Annuity and Life Re (Holdings) Ltd. [buys Capitol Bankers Life Insurance from Life Reassurance of America for $13.2m], NYT, C4.
  14. Ingersoll-Rand Co. [sold its Northern Research & Engineering unit to Concepts ETI for $??], NYT, C4.
  15. Chevron sets PG&E deal [- buys PG&E Energy's retail value-added business for $??], Dow Jones via NYT, C21.
6/01/2000  10 more takeovers reported, totaling $6.1182B + $undisclosed
- if you're too weak a CEO to grow your own market, and too nearsighted to avoid damaging your customers' customers (i.e., your own workforce) with downsizings, you can always get more marketshare just by acquisition, acquisition and more acquisition -
  1. Lucent to buy Chromatis, an optical networks concern [for $4.5B], Bloomberg via NYT, C4.
  2. British company to buy struggling Dutch software concern [- Invensys to buy Baan for $802m], Bloomberg via NYT, C4.
  3. Schlumberger and [rival] Baker Hughes form seismic venture [- Schlumberger to pay rival $500m for 70% of their seismic divisions combined into "Western GECO"], Bloomberg via NYT, C4.
  4. Palm buys AnyDay.com, an Internet calendar company [for $80m], Bloomberg via NYT, C4.
  5. Friede Goldman to sell ship-repair operation [to Bollinger Shipyards for $80m], Bloomberg via NYT, C4.
  6. Oneida to buy Delco International, a tableware maker [for $76m], Bloomberg via NYT, C4.
  7. Texas radio station deal [- Hispanic Broadcasting to buy 2 San Antonio radio stations for $45m], Bloomberg via NYT, C4.
  8. Ticketmaster Online[-CitySearch] buys Internet rival [TicketWeb, for $35.2m], Bloomberg via NYT, C4.
  9. Dean Foods and Land O'Lakes combining dairies [for $??], Bloomberg via NYT, C4.
  10. Tyco to buy auto unit from Osram Sylvania [for $??], Bloomberg via NYT, C4.
For earlier Mergers&Acquisitions, click on the desired date -
  • May/2000
  • 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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