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


Mergers&Acquisitions - July, 2000

7/30-31/2000  2 weekend takeovers reported, totaling $192.2m + $undisclosed -
  1. ING Barings to buy Charterhouse [Securities for $192.2], Bloomberg via NYT, C14.
    [We already counted Hearst's purchase of The San Francisco Chronicle on 8/07/99.]
  2. San Francisco paper's sale cleared...[- Hearst completes sale of San Francisco Examiner to Ted Fang for $??], by Felicity Barringer, NYT, C11.
7/29/2000  6 takeovers reported, totaling $11.1912B + $undisclosed -
  1. Nortel [Networks] agrees to buy Alteon [Websystems] for $7.8B in stock, by Seth Schiesel, NYT, B4.
  2. Granada [Media] buys British TV assets [of United News & Media for $2.64B], by Alan Cowell, NYT, B2.
  3. Interpool will buy Transamerica Leasing [for $675m], Bridge News via NYT, B3.
  4. Charles River Plaza fetches $76.2m [- sold by Charles River Park B to affiliate of The Davis Cos.], by Thomas Grillo, Boston Globe, E1.
  5. STMicroelectronics buying rest [85.5%] of Waferscale [for $68m], Bloomberg via NYT, B3.
  6. Creative Host Services Inc. [to buy GladCo Enterprises for $??], NYT, B3.
7/28/2000  8 takeovers reported, totaling $2.1031B + $undisclosed -
  1. Symantec buys a rival [Axent Technologies,] for $975m, Bloomberg via NYT, C2.
  2. Cisco [Systems in $450m] deal for NuSpeed [Internet Systems], Bloomberg via NYT, C2.
  3. BB&T to expand bank operations again by buying FCNB [for $226.5m], Bridge News via NYT, C4.
  4. Fortis agrees to buy American Memorial Life Insurance [for $200m], Dow Jones via NYT, C4.
  5. Budget says it will sell 2 units and focus on rentals [e.g., Cruise America for $131m to investment group that includes Cruise America mgmt & original founders], Reuters via NYT, C4.
  6. Budget says it will sell 2 units...[e.g., VPSI for $70m to investment group led by Rockwood Capital], Reuters via NYT, C4.
  7. Shore Bancshares Inc. [to buy Talbot Bancshares for $50.6m], NYT, C4.
  8. Dana Corp. [to sell a Marion, Ohio truck-parts plant to Sypris Solutions for $??], NYT, C4.
7/27/2000  11 takeovers reported, totaling $3.2231B + $undisclosed -
  1. InfoSpace to buy Go2Net for $2.67B, Bloomberg via Boston Globe, E2.
    [NYT version has major typo & therefore unreliable valuation, "InfoSeek [sic] and Go2Net in $4.02B deal," Reuters via NYT, C10.]
  2. ITXC to acquire software maker [eFusion, for $165.5m], Bloomberg via NYT, C10.
  3. Film services concern [Liberty Livewire] to make $125m acquisition [of Video Services Corp.], Bloomberg via NYT, C4.
  4. Franklin Resources' [Templeton Mgmt] unit buys fund manager in Canada [Bissett & Assocs. Investment Mgmt, for $95m], Bloomberg via NYT, C4.
  5. 2 agencies agree to be acquired [e.g., Incepta Group in London bought Cunningham Communication in Palo Alto for up to $75m], by Stuart Elliott, NYT, C6.
  6. W. P. Carney & Co. [bought 4 retail centers & a distribution facility from Galyan's Trading Co. for $57.6m], NYT, C4.
  7. Buckeye Technologies buys a cellulose plant in Brazil [Fibra, for $35m], Bridge News via NYT, C4.
  8. Kellogg [Australia, for $??,] buys convenience foods company [jointly operated by Jabuna & Surene] in Australia, Reuters via NYT, C4.
  9. Factset Research Systems Inc. [bought Innovative Systems Techniques for $??], NYT, C4.
  10. Dynacast International Ltd. [to sell its SPM plastics business to United Plastics Group for $??], NYT, C4.
  11. 2 agencies agree to be acquired [e.g., Imagio Technology Advertising & Public Relations in Seattle being sold to WPP Group's J. Walter Thompson unit for $?? & renamed Imagio/JWT], by Stuart Elliott, NYT, C6.
7/26/00  12 takeovers reported, totaling $2.68445B + $undisclosed -
  1. Lucent [Technologies] buying switch maker [Spring Tide Networks, for $1.3B], Reuters via NYT, C4.
  2. IBeam [Broadcasting] purchasing NextVenue for $375m in stock, Bloomberg via NYT, C3.
  3. Calpine Corp. [bought natural gas producing properties in Canada & U.S. for $206m], NYT, C3.
  4. Cisco [Systems] to buy Komodo [Technology] for $175m, Bridge News via NYT, C4.
  5. Norton to buy Chemfab [for 141+30= $171m] to add to industrial fabric line, Bloomberg via NYT, C3.
  6. Cypress [Semiconductor] buying Silicon Light [Machines for $166m], Reuters via NYT, C4.
  7. Lodgian selling 10 hotels to Sunstone [Hotel Investors] for $132m, Bridge News via NYT, C3.
  8. Ogden to sell [Aviation] Ground Services unit to British concern [John Menzies, for $117.8m], Dow Jones via NYT, C3.
  9. Virata to buy Agranat [Systems for $37.3m], Bloomberg via Boston Globe, C7.
  10. Banking concern [First Union] buys insurance Web site [Pivot.com, included in buying its operator, Professional Direct Agency, from Ilife.com for $4.35m], Reuters via NYT, C19.
  11. FleetBoston Financial agrees to buy stock specialist [M. J. Meehan & Co., for $??], AP via NYT, C3.
  12. At Stake to acquire London-based firm [Cerberus Information Security, for $??], Boston Globe, C7.
7/25/00  10 takeovers reported, totaling $5.2305B + $undisclosed -
  1. European phone deal [- NetCom of Sweden to buy remaining 82% of Société Européenne de Communication for $3.5B], Bloomberg via NYT, C4.
  2. AT&T Wireless agrees to buy SBC Indianapolis unit [for $530m], Bridge News via NYT, C4.
  3. Rhodia, a French chemical maker, is acquiring ChiRex [for $510 billion??? - let's assume they mean million - ed.], by Marcin Skomial, NYT, C4.
  4. Aegon agrees to sell [Transamerica Finance Corp.'s] container-transport unit [to unnamed private firm for $260m], AP via NYT, C4.
  5. Bausch & Lomb in deal to acquire Groupe Chauvin [& several related companies for $228], AP via NYT, C4.
    [How Chauvin-istic.]
  6. Centennial [Communications] to sell [its southwest] wireless properties [including rural service areas in Az. & Calif. and paging & mobile radio operations, to Western Wireless for $202.5m], Reuters via NYT, C10.
  7. Alltel will acquire Benchmark Consulting [International for $??], Dow Jones via NYT, C4.
  8. Ford to sell [51% of] Belarus plant [to J & W Sanderson for $??], Bloomberg via NYT, C4.
  9. Two agencies ready to merge [- Asher & Partners and Italia/Gal Advertising to form Asher/Gal & Partners, for $??], by Kruti Trivedi, NYT, C4.
  10. Optical fiber acquisition [- Advanced Energy Industries to buy Sedenko for $??], Bridge News via NYT, C10.
7/24/00  2 huge weekend takeovers reported, totaling $58B -
  1. Deutsche Telekom to pay $50.7B for U.S. company [VoiceStream Wireless], by Sorkin & Romero, NYT, front page.
  2. Hypo Vereinsbank agrees to buy Bank Austria [for $7.3B], Bloomberg via NYT, C12.
7/22/00  8 takeovers reported, totaling $454.1m + $undisclosed -
  1. Center Trust, a mall developer, to sell 6 properties [to?! Kimco Realty for 92.3+68.3= $160.6m], Reuters via NYT, B3.
  2. Quokka [Sports] adding Total Sports for about $130m, AP via NYT, B3.
  3. Steinway [Musical Instruments] agrees to buy United Musical Instruments [Holdings, for $85m], Dow Jones via NYT, B3.
  4. Seacoast Financial [Services] to acquire Home Port Bancorp [& its Nantucket Bank unit, for $68.5m], Dow Jones via NYT, B3.
  5. Tecan Holding [in Switzerland to buy Gamera Bioscience in Boston for $10m], NYT, B3.
  6. GMAC Home Services [GM Aceptance's real estate unit, to buy Johnson & Johnson Realty for $??], NYT, B3.
  7. China to merge domestic carriers in reorganization [ for $?? on ?? timetable - seven airlines into three - China Southwest, China Northwest, China Northern, Xinjiang, Yunnan, Great Wall, & Zhejiang, into Air China, China Eastern, & China Southern, but ??which into which], by Craig Smith, NYT, B2.
  8. Surveillance firm [American Traffic Systems] bought [by TransCore for $??], Bloomberg via NYT, B14.
7/21/00  13 takeovers reported, totaling $9.725B + $undisclosed -
  1. Large Dutch insurer [ING Groep] agrees to buy two Aetna units [financial services & international,] for $7.7B, Bloomberg via Boston Globe, C2.
  2. Station Casinos agrees to sell two casinos in Missouri [for $475m], Dow Jones via NYT, C3.
  3. DaimlerChrysler buying [for $423m, remaining 78.7%] of Detroit Diesel, AP via NYT, C3.
  4. Apache is buying oil and gas interests from Occidental [Petroleum for $385m], Reuters via NYT, C3.
  5. Rohm & Haas is selling 2 businesses it acquired in 1999 [e.g., Salins-Europe to consortium led by Credit Agricole unit, Union d'Etudes et d'Investissements for $270m], Reuters via NYT, C3.
  6. Terex is selling forklift businesses to [unit of Partek,] Finnish company [for $144m], Dow Jones via NYT, C3.
  7. Rohm & Haas is selling 2 businesses it acquired in 1999 [e.g., its thermoplastic polyurethane unit to Huntsman for $120m], Reuters via NYT, C3.
  8. Bertelsmann to buy struggling online music retailer [CDNow, for $117m], by Laurie Flynn, NYT, B4.
  9. Clear Channel [Communications] agrees to buy 13 [Tx. & Mo. radio] stations from Sunburst [Media for $57m], Bloomberg via NYT, C3.
  10. Starwood [Hotels & Resorts Worldwide] sells 4 hotels [for $34m], Bloomberg via NYT, B2.
  11. Flowserve Corp. [to sell a pump plant in Tulsa to ?? for $??], NYT, C3.
  12. Perma-Fix Environmental Services to buy 80% of East Tennessee Materials & Energy For $??], NYT, C3.
  13. Venture capital concerns to merge [- First Tuesday merging with Yazam for $??], by Andrew Sorkin, NYT, B4.
7/20/00  7 takeovers reported, totaling $2.5718B + $undisclosed -
  1. CNet [Networks, for $1.6B,] is buying what remains of Ziff-Davis, by Winter & Kuczynski, NYT, C1.
  2. German-Canadian truck deal [- DaimlerChrysler to buy Western Star Trucks Holdings for $456m], by Timothy Pritchard, NYT, C3.
  3. Conexant [Systems] to buy two companies for $285m [i.e., NetPlane Systems & Novanet Semiconductor], Bloomberg via NYT, C3.
  4. Carey International to be acquired by private group [backed by Ford Motor & Chartwell Investments II, for $177.8m], Dow Jones via NYT, C3.
  5. Alloy Online acquires direct marketer [CCS] for $53m, Dow Jones via NYT, C3.
  6. Motorola to buy Zenith Electronics Network Systems [for $??], AFX News via NYT, C3.
  7. National Semiconductor Corp. [bought Vivid Semiconductor for $??], NYT, C3.
7/19/00  11 takeovers reported, totaling $6.5255B + $undisclosed -
  1. Plum Creek to buy Georgia-Pacific Timber [Company] unit [for 3+1= $4B], Reuters via NYT, C4.
  2. Carrefour sells 150 [shopping] arcades [to BNP-Paribas' banking unit, Fonciere Klepierre, for $1.4B], Dow Jones via NYT, C4.
  3. VNU, a publisher, agrees to buy a trade show operator [Miller Freeman USA, for $650m], Dow Jones via NYT, C4.
  4. Irish newspaper deal approved [- Independent News & Media in Dublin cleared to buy The Belfast Telegraph from British-based Mirror Group for $448m], by Brian Lavery, NYT, C4.
  5. Bell Microproducts in deal [to buy InterX's Ideal Hardware unit for $27.5m], Bloomberg via NYT, C6.
  6. [TMP Worldwide,] Owner of Monster.com site, to acquire ACS Technology [Solutions unit of Affiliated Computer Services for $??], Bridge News via NYT, C4.
  7. Food Services unit of H. J. Heinz to buy a distributor [International Diverse Food's parent, IDF Holdings, for $??], Dow Jones via NYT, C4.
  8. General Electric Co['s plastics unit, GE Silicones, to buy American Silicones for $??], NYT, C4.
  9. Excite At Home will merge global assets [with Europe's Chello Broadband, for $??], Bloomberg via NYT, C4.
  10. Changes in works at Interpublic units [e.g., Initiative Media North America is buying Pic TV for $??], by Stuart Elliott, NYT, C10.
  11. Changes...at Interpublic units [e.g., Golin/Harris International in Chicago is buying Forrest International in Hong Kong for $??], by Stuart Elliott, NYT, C10.
7/18/00  19 takeovers reported, totaling $16.8661B + $undisclosed -
  1. Georgia-Pacific [Group, for 7.5+3.5= $11B,] to acquire Fort James, by Claudia Deutsch, NYT, C2.
  2. AES to buy Ipalco [Enterprises], another power concern [for 2.15+.89= $3.04B], Reuters via NYT, C4.
  3. Legrand acquires Wiremold, a cable systems provider [for 650+120= $770m], Dow Jones via NYT, C4.
  4. Equity Residential buys Grove Property [for $461m], Bloomberg via Boston Globe, C2.
  5. Cephalon, health products maker, to buy Anesta [for $444m], Bloomberg via NYT, C4.
  6. Cell phone merger in Colombia [- Bellsouth's Celumovil unit bought Cocelco for $414.5m], Reuters via NYT, C4.
  7. G.E. says it will acquire Harmon Industries [for $342m], Reuters via NYT, C4.
  8. [John H.] Harland, check printer, to buy software maker [Concentrex for $140m], Bridge News via NYT, C4.
  9. Enterprise Oil in [$127.3m] deal for R&B Falcon's assets, AP via NYT, C4.
  10. Mail-Well sells Jen-Coat to Cravey Green & Wahlen [for $100m], Dow Jones via NYT, C4.
  11. Two agencies announce deals [e.g., McCann-Erickson World Group is selling AdWare Systems to Mediaplex for $27.3m], by Bill Carter, NYT, C7.
  12. Conagra Inc. [bought Lightlife Foods for $??], NYT, C4.
  13. 2 U.S. law firms announce plans for a 'merger of equals' [Pillsbury Madison & Sutro in San Francisco and Winthrop Stimson Putnam & Roberts in NYC, for $??], by Kruti Trivedi, NYT, C5.
  14. E*Trade [Group] to buy Electronic Investing [for $??], Bloomberg via NYT, C6.
  15. Draft Worldwide buys [Group III Promotions for $??] and merges, by Bill Carter, NYT, C7.
  16. Draft Worldwide buys and merges [with Lowe Lintas Columbian for $??], by Bill Carter, NYT, C7.
  17. Legal pad maker in deal [- American Pad & Paper, which invented the legal pad in 1888, to sell its Williamhouse envelope unit to Saratoga Partners for $??], Bloomberg via NYT, C7.
  18. Gibraltar [Steel, for $??,] acquires Milcor, Bloomberg via NYT, C19.
  19. Town Sports acquires Health Development [for $??], by Chris Reidy, Boston Globe, C11.
7/17/00  5 weekend takeovers, totaling $10.5B + $undisclosed -
  1. General Mills is seen in a $10.5B deal for Pillsbury, by Hays & Sorkin, NYT, A17.
  2. Acquisitions occur at several [ad] agencies [e.g., McCann-Erickson World Group in NYC bought Adair-Greene in Atlanta for $??], by Stuart Elliott, NYT, C11.
  3. Acquisitions occur at several agencies [e.g., McCann-Erickson World Group in NYC bought Diamond Promotions in NYC for $??], by Stuart Elliott, NYT, C11.
  4. Acquisitions occur at...agencies [e.g., Edelman Worldwide in NYC is buying Callahan Creative in NYC for $??], by Stuart Elliott, NYT, C11.
  5. Acquisitions occur at...agencies [e.g., Maxxcom in Toronto bought majority stake in TargetCom in Chicago for $??], by Stuart Elliott, NYT, C11.
7/15/00  6 takeovers, totaling $732.8m + $undisclosed -
  1. Bowater to purchase Mississippi paper mill [Newsprint South, from GE Capital Structured Finance Group for 370+8.9= $378.9m], Reuters via NYT, B3.
  2. Eimo-Yhtiot of Finland to buy Triple S Plastics [for (136+161)/2= $148.5m], Dow Jones via NYT, B3.
  3. Southwest Securities [Group] to buy Matrix Bancorp [for $110m], Dow Jones via NYT, B3.
  4. Newsprint operation sold [by Media General to Enron for $72m], Bloomberg via NYT, B14.
  5. Internet companies' deal [- JFAX.COM & eFax.com signed $23.4m], Reuters via NYT, B3.
  6. Thomson selling 2 papers to Cox rather than Gannett [for $??], Bloomberg via NYT, B3.
7/14/00  15 takeovers, totaling $9.72B + $$undisclosed -
  1. King Pharmaceuticals agrees to buy a rival [Jones Pharma, for $3.4B], Reuters via NYT, C4.
  2. French builders to merge [- Vinci to buy Groupe GTM for $1.7B], Bloomberg via NYT, C4.
  3. Lockheed Martin is selling three businesses [including its Sanders aerospace electronics unit] to BAE Systems of Britain for $1.67B], Bloomberg via NYT, C4.
  4. Slovak phone company sale [Deutsche Telekom is buying 51% of Slovenske Telekomunikacie for $1B], AP via NYT, C4.
  5. Cabot is selling gas unit to Tractebel for $680m, Dow Jones via NYT, C4.
  6. Tosco agrees to pay $660m for BP Amoco refinery [- Alliance oil refinery in La.], Reuters via NYT, C4.
  7. Allscripts agrees to buy ChannelHealth from IDX [Systems for $250m], Bridge News via NYT, C4.
  8. TXU [Europe] unit is acquiring a [51%] stake in German energy company [Stadtwerke Kiel, for $215m], Dow Jones via NYT, C4.
  9. Packeteer is in stock [$73m] deal for Workfire Technologies [International], Bloomberg via NYT, C4.
  10. ACT [Mfg] to buy Bull unit [Bull Electronics Anger, for $57m], Bloomberg via Boston Globe, C6.
    [Picked up by NYT 7/15 as "ACT Manufacturing is adding Bull Electronics," Dow Jones via NYT, B3.]
  11. L-3 Communications Holdings [to buy 54% of LogiMetrics for $15m], NYT, C4.
  12. Royal Dutch/Shell is selling chemical unit to Apollo [for $??], Bloomberg via NYT, C4.
  13. Singapore land company deal [- Pidemco Land to merge with DBS Land for $??], Dow Jones via NYT, C4.
  14. Gunderson [Partners of NYC] acquires British company [Bucher/Rugman, for $??], by Stuart Elliott, NYT, C5.
  15. Partners & Simons buys Eymer Design [both in Boston, for $??], by Chris Reidy, Boston Globe, NYT, C6.
    [Finally picked up by 7/18 NYT as "Two agencies announce deals [e.g., Partners & Simons is buying Eymer Design for $??]", by Bill Carter, NYT, C7.]
7/13/00  10 takeovers, totaling $7.526B + $$undisclosed -
  1. Global Crossing sells local phone unit to Citizens Communications for $3.65B, by Simon Romero, NYT, C10.
  2. PMC-Sierra to acquire Quantum for $2.3B, Reuters via NYT, C6.
  3. Rite Aid Corp. to sell PCS [Health Systems] unit for $1B [to Advance Paradigm], AP via NYT, C6.
    [See also "Rite Aid completes sale of pharmacy benefits division," Reuters via 10/04/2000 NYT, C4, where price is down to 675+200= $875m.]
  4. Psion [palmtops of Europe] makes purchase [of Teklogix International of Canada for $370m], by Timothy Pritchard, NYT, C4.
  5. Hanover Compressor to buy Ingersoll-Rand subsidiary [Dresser-Rand, for $190m], Dow Jones via NYT, C6.
  6. Paravant Inc. [bought Catalina Research for $16m], NYT, C6.
  7. Lucent will combine operations with USA Digital Radio [for $??], Bloomberg via NYT, C6.
  8. Microsoft buys Netgames USA [for $??] to add to its gaming site, Bloomberg via NYT, C6.
  9. Summit Bancorp [bought loan accts & 4 offices from US division of National Bank of Canada, for $??], NYT, C6.
  10. The Connecticut Post is sold along with 5 smaller papers [for $??], by David Herszenhorn, NYT, A25.
7/12/00  11 takeovers, totaling $13.4885B + $$undisclosed -
  1. UBS [Europe's 3d-biggest bank] seen paying $12 billion for Paine [Webber Group] - Acquisition may be announced today, Bloomberg via NYT, C4.
  2. Unilever to sell [its European bakery supplies] unit [to CSM of Netherlands for $665m], AP via NYT, C4.
  3. Los Angeles developer [Ed Roski Jr.] to buy Las Vegas Hilton [from Park Place Entertainment for 365+31= $396m], Bloomberg via NYT, C4.
  4. El Paso Partners to buy [for $170m, Crystal Gas Storage] unit from El Paso Corp., AP via NYT, C4.
  5. Convergent Networks buys Fla. company [Technology Control Services] for $100m, by Peter Howe, Boston Globe, D3.
  6. Infinity Broadcasting to buy 2 Memphis radio stations [WMC-AM & -FM, from Raycom Media for $75.5m], Bridge News via NYT, C4.
    [Next century this will be seen in the same light as slave trading in the last century. Here we have rich and nearsighted men buying and selling groups of employees with no reference whatsoever to those employees' wishes.]
  7. Interwoven to purchase NeonYoyo for $70m, Dow Jones via NYT, C4.
  8. Art Technology to buy Canadian firm [Toronto Technology Group] for $12m, Dow Jones via Boston Globe, D7.
  9. Quanta purchases 7 businesses [in 7 states, including power-service provider & cable TV & telecomms line installers, for $??], lengthening its [services & geographic] reach, Bloomberg via NYT, C4.
  10. HarperCollins to buy a small British publisher [Fourth Estate, for $??], by David Kirkpatrick, NYT, C6.
  11. I.B.M. adds to services [- buys Aragon Consulting Group for $??], Bloomberg via NYT, C2.
7/11/2000  13 takeovers, totaling $43.5972B + $undisclosed -
  1. Web hardware maker buys digital 'plumber' for $41B, by Seth Schiesel, NYT, C1.
  2. Associates First Capital to buy Zale's credit business [for $630m], Bloomberg via NYT, C4.
  3. Forest Oil agrees to buy Forcenergy, a rival [for $615m], Bloomberg via NYT, C4.
  4. Digital Generation [Systems] and StarGuide [Digital Networks] will merge [for $350m], Reuters via NYT, C4.
  5. M & T Bank in deal to acquire Premier National Bancorp [for $342m], AP via NYT, C4.
  6. Wilmar Industries to acquire hardware distributor [Barnett, for $214m], Bridge News via NYT, C4.
  7. Intuit to buy rest of bill-payment system joint venture [Venture Finance Software, for $150m], Bloomberg via NYT, C4.
  8. Alliance Gaming agrees to sell slot machine unit [United Coin Machine, to UC Acquisition Co. of Nevada for 112+6= $118m], Dow Jones via NYT, C4.
  9. Quebec paper maker expands south [- Domtar to buy Ris Paper of Ky. for $90m], by Timothy Pritchard, NYT, C4.
  10. Cytogen agrees to acquire Advanced Magnetics [for $60m], Bridge News via NYT, C4.
  11. K2 Design branches out into the risky realm of wireless services with the acquisition of SilverCube [for $14.8m], by Stuart Elliott, NYT, C10.
  12. Saga Communications Inc. [to buy 4 radio stations in Ithaca from Elgae Broadcasting for $13.4m], NYT, C4.
  13. Spike to combine with Virginia company [Integrity Broadband Networks, for $??], by Peter Howe, Boston Globe, E9.
7/10/2000  2 weekend takeover reports, totaling $1.9B + $undisclosed -
  1. Dexter agrees to be bought by Invitrogen [for $1.9B], Bloomberg via NYT, C15.
  2. Local investor [billionaire Wendy P. McCaw, exwife of cellphone pioneer Craig O.,] to buy Santa Barbara [News-Press, for $??], AP via NYT, A17.
7/08/2000  7 takeovers reported, totaling $1.4944B -
  1. Shaw Group wins the bidding for Stone & Webster [at 38+150.2+450= $600.2m], Dow Jones via NYT, B3.
  2. Wells Fargo is set to take over Brenton Banks [for $264.5m], Reuters via NYT, B3.
  3. Bemis to buy Viskase's plastic films business [for $245m], Dow Jones via NYT, B3.
  4. Cisco Systems to pay $210m for rest of Netiverse, Bridge News via NYT, B3.
  5. Broadbase Software agrees to purchase Panop.com [for $107.7m], Bridge News via NYT, B3.
  6. Tower Automotive [bought the 60% of Metalurgica Caterina it didn't already own, for $42m], NYT, B3.
  7. Coventry Health Care Inc. [to buy a unit of Duke University Health Systems for $25m], NYT, B3.
7/7/2000  11 takeovers reported, totaling $435.3m + $$undisclosed -
  1. GenTek agrees to buy Digital Communications Group [subsidiary of Prestolite Wire, for $90m], Bridge News via NYT, C4.
  2. UK firm [Pearson] buys Forum Corp. for $90m, Reuters via Boston Globe, C9.
  3. Armstrong [World Industries] is selling an installation business [its Installation Products Group, for $86m] to Ardex, Bridge News via NYT, C4.
  4. F&M National in $70m deal for Atlantic Financial, Bridge News via NYT, C4.
  5. Millennium [Pharmaceuticals] buys England's Cambridge Discovery - $53m deal lifts firm's drug-discovery ability, by Ronald Rosenberg, Boston Globe, C3.
  6. Clear Channel [Communications] to expand [by buying 6 radio stations in Fargo ND for $46.3m from Tom & Jim Ingstad, Reuters via NYT, C6.
  7. Procter & Gamble sells Oxydol to 2 former employees [dba Redox Brands, for $??], AP via NYT, C4.
  8. United Illuminating['s Precision Power unit bought Orlando Diefenderfer for $??], NYT, C4.
  9. British jeweler acquired [- Asprey & Garrard bought by Lawrence Stroll & Silas Chou, co-chairmen of Tommy Hilfiger, for $??], Reuters via NYT, C4.
  10. Nortek buys UK firm [Eaton-Williams Holdings, for $??], Dow Jones via Boston Globe, C9.
  11. Bacou USA acquires Whiting & Davis Safety [for $??], Dow Jones via Boston Globe, C9.
7/06/2000  14 takeovers reported, totaling $2.7822B + $$undisclosed -
  1. Tosco to sell California refinery [to Ultramar Diamond Shamrock for $800m], Reuters via NYT, C4.
  2. Cordiant [Communications Group in London] to acquire Lighthouse Global [Network in Chicago for $592m], by Constance Hays, NYT, C8.
  3. Comverse [Technology] to buy Exalink for about $480m, Dow Jones via NYT, C4.
  4. Conseco selling bank card unit for $400m [to a Wells Fargo division], Bloomberg via NYT, C4.
  5. Orange [with France Telecom] buys virtual newscaster [Ananova & supporting software for $143.8m], by Andrew Sorkin, NYT, C4.
  6. CVS to pay $124m for [Bergen Brunswig] pharmacy unit, Reuters via NYT, C4.
  7. Waste Management continues selling foreign holdings [e.g., its operations in Denmark, Slovakia and Czech Republic to Marius Pedersen Foundation of Denmark for $120m], AP via NYT, C4.
  8. NextMedia Group to acquire [9] radio stations [in Ill. & Wisc. from Pride Communications for $57m], Bloomberg via NYT, C4.
  9. Lafarge purchases stone quarry in Michigan [from National Steel & Bethlehem Steel for $56m], Dow Jones via NYT, C4.
  10. NextMedia Group to acquire [2] radio stations [in Ill. from Belvidere Broadcasting for $9.4m], Bloomberg via NYT, C4.
  11. Minnesota Mining and Manufacturing Co. [bought Dynapro Systems of Vancouver for $??], NYT, C4.
  12. Exxon Mobil Corp. [sold 11 gas stations & a storage terminal in Guam to South Pacific Petroleum Corp. for $??], NYT, C4.
  13. Toyo [Trust & Banking] joins three-way bank deal [with Sanwa Bank & Tokai Bank for $??, replacing Asahi Bank], AP via NYT, C4.
  14. McKesson HBOC buys Needham's MediVation [for $??], by Ronald Rosenberg, Boston Globe, C9.
7/04/2000  11 takeovers reported, totaling $4.437B + $undisclosed -
  1. MaTaV stake is sold [- Deutsche Telekom is buying the remaining 50% stake in the Magyar Tavkozlesi Vallalat ("MaTaV") unit of MagyarCom from its US partner, SBC Communications, for $2.2B], AP via NYT, C3.
  2. Brazilian bank deal [- Uniao de Bancos Brasileiros ("Unibanco") to buy Banco Bandeirantes for $663m], Bloomberg via NYT, C3.
  3. EGL agrees to buy Circle International [Group for $543m], Bridge News via NYT, C3.
  4. May Department Stores to acquire David's Bridal [$436m], Bloomberg via Boston Globe, D7.
  5. Australian mine deal [- Billton PLC of Britain bought CSR's 70% stake in the Gove alumina refinery and bauxite mine in Northern Territory for $275m], Bloomberg via NYT, C3.
  6. Affiliated Computer Services selling ATM unit [for $180m], Bloomberg via NYT, C3.
  7. Catellus Development to sell home-building business [to Brookfield Homes of California for 147.5+22.5= $170m], Bloomberg via NYT, C3.
  8. Balfour Beatty acquires Integral Technologies [for $50m], Dow Jones via NYT, C3.
  9. BioShield Technologies agrees to buy AHT [for $20m], Bloomberg via NYT, C3.
  10. Mott's is acquiring Mauna La'i Tropicals juice drinks [for $??], Dow Jones via NYT, C3.
  11. Caterpillar Inc. [bought out the remaining 50% of its joint venture with Dale Elphinstone Property of Australia for $??], NYT, C3.
7/03/2000  2 weekend takeovers reported, totaling $$undisclosed -
  1. Acquisitions by 2 companies [e.g., Grey Global Group in NYC is buying Callegari Berville in Paris for $??], by Stuart Elliott, NYT, C8.
  2. Acquisitions by 2 companies [e.g., Icon Medialab International in Brussels bought Insight Technology in St. Louis for $??], by Stuart Elliott, NYT, C8.
7/01/2000  5 takeovers reported, totaling $1.5956B -
  1. Cisco Systems and Clayton, Dubilier [& Rice] in pact [to buy 80% of Italtel, Telecom Italia's computer network equipment unit, for $765m], by Andrew Sorkin, NYT, B4.
  2. Chesapeake Energy in deal to buy Gothic Energy [for 28+316= $344m], Bloomberg via NYT, B4.
  3. Celgene, thalidomide maker, adds Signal [Pharmaceuticals for $196.6m], Bloomberg via NYT, B4.
  4. Analog Devices is buying BCO [Technologies] of Northern Ireland [for $150m], Bloomberg via NYT, B4.
  5. Barrick [Gold] buys [Toronto] neighbor [Pangea Goldfields, for $140m], by Timothy Pritchard, NYT, B2.
For earlier Mergers&Acquisitions, click on the desired date -
  • June/2000
  • 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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