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


Mergers&Acquisitions - Aug-Sept, 2000

9/30/2000  only 2 takeovers reported, totaling $662m -
- future economic seismologists may detect an ominous pattern here as relative proportion of takeovers & downsizings flips -
  1. Mattel to sell educational software unit [the Learning Company, bought by then-CEO Jill Barad in May/99 for $3.6B, to Gores Technology Group for $430m], by Lawrence Fisher, NYT, B3.
    [Proving once again, in the pithy phrase of colleague Kate, that "women can be just as stupid as men."]
  2. Simpson, auto parts maker, agrees to a [$232m] takeover [by Heartland Industrial Partners], Dow Jones via NYT, B3.
9/29/2000  6 more takeovers reported, totaling $2.83B + $undisclosed -
  1. [Biggest] Canada bank expands south [- Royal Bank of Canada to buy Dain Rauscher brokerage & investment banking for $1.456B], by Timothy Pritchard, NYT, C4.
    [Why does Canada have to copy every stupid thing the US does? In June, the Royal bought the insurance businesses of Liberty Corp. Just because the U.S. wants to forget the hard lessons of the 1930s in terms of separating banking, brokerage, and insurance, why should Canada also forget?! Dumbadumbdumb.]
  2. U.S. Retail [Partners] is buying First Washington [Realty Trust] for $800m, Reuters via NYT, C4.
  3. Marriott International [will sell 4 hotels to Capitol Hotel Investments, a joint venture, between itself & affiliates of Blackacre Capital Mgmt, for $274m], NYT, C4.
  4. Pilgrim's Pride in $240m deal for WLR Foods, Bloomberg via NYT, C4.
  5. ITT [Industries, for $60m,] is buying TRW['s mobile telephone keypad & switch] unit, Bloomberg via NYT, C19.
  6. Boston Herald to buy Community Newspapers [from Fidelity for $??], by Mark Jurkowitz, Boston Globe, front page.
    [Hope the following is just a coincidence -]
    [Peter] Lynch sells 60,566 Fidelity shares - $53m sale represents over 1% of [parent] FMR total, by Beth Healy, Boston Globe, D1.
9/28/2000  6 takeovers reported, totaling $4.78B + $undisclosed -
  1. Market Place - News Corporation and Liberty Media complete an asset swap [- News Corp. picks up (majority interest in) Liberty's Gemstar-TV Guide International holdings in the form of $6.3B of Gemstar shares], by Geraldine Fabrikant, NYT, C14.
  2. Corning confirms purchase of Pirelli [fiber-optics telecomms] unit [for $3.8B], AP via NYT, C4.
  3. Rank Group selling [holidays] unit [to Bourne Leisure Group for $980m], by Suzanne Kapner, NYT, C4.
  4. Siemens will purchase Acuson for $700m, Bloomberg via NYT, C4.
  5. 2 agencies make acquisitions [eg: Draft Worldwide in Chicago bought Fuel Advertising in Toronto for $??], by Stuart Elliott, NYT, C12.
  6. 2 agencies make acquisitions [eg: True North Communications in Chicago bought Opus Group in England for $??], by Stuart Elliott, NYT, C12.
9/27/2000  11 takeovers reported, totaling $4.21095B + $undisclosed -
  1. Rodamco [North America N.V.] and Urban Shopping Centers in $3.4B deal [Dutch firm buying Chicago firm], Bloomberg via NYT, C4.
  2. PMC-Sierra to acquire SwitchOn [Networks for $450m], Bloomberg via NYT, C11.
  3. Kaneb [Pipe Line Partners] to buy Shore Terminals for $160m, Bloomberg via NYT, C4.
  4. Huffy Corp. [will sell its Washington Inventory Service division in San Diego to group led by Sterling Investment Partners for $84.75m], NYT, C4.
  5. Landry's [Seafood Restaurants] in a new [$75m] deal to acquire Rainforest Cafe, Reuters via NYT, C4.
  6. Bausch & Lomb to buy German contact lens maker [Woehlk Contact Lens, for $26.2m], Bloomberg via NYT, C4.
  7. Hybridon Inc. sells [its Milford, Mass.] DNA manufacturing [business to Avecia of England] for $15m, by Aoki & Rosenberg, Boston Globe, E4.
  8. Moog [Inc.] to acquire electric motor unit of Eaton [Corp. for $??], Bloomberg via NYT, C4.
  9. Tribune Co. [to sell its AchieveGlobal training unit to Institute for International Research, Monaco, for $??], NYT, C4.
  10. Red Sky acquires 2 media companies [eg: Olive Jar Studios, for $??], by Patricia Lauro, NYT, C8.
  11. Red Sky acquires 2 media companies [eg: White Noise Productions, for $??], by Patricia Lauro, NYT, C8.
9/26/2000  12 takeovers reported, totaling $14.312B + $undisclosed -
  1. Deal for Thames Water [- RWE AG pays $9.4B for it], by Suzanne Kapner, NYT, C4.
  2. Insurer to acquire U.S. operations of British company [- White Mtns Insurance Group will buy CGNU's US property-casualty insurance operations for $2.1B], Dow Jones via NYT, C4.
  3. Laporte [of Britain] to sell units [including pigments, additives, compounds, water tech, timber treatment & electronics, comprising 60% of its business, to Kohlberg Kravis Roberts & Co. for $1.2B], by Suzanne Kapner, NYT, C4.
  4. Flavor and fragrance maker to buy another [- International Flavors and Fragrances will buy Bush Boake Allen for $970m], Reuters via NYT, C4.
  5. A unit of Shell Oil will sell its gas pipelines in Louisiana [for $226m], Bloomberg via NYT, C4.
  6. Phillips Petroleum buys coal-bed methane producer [River Gas Corp., for $123m], Reuters via NYT, C4.
  7. DoubleClick to buy AtPlan [for $120m], by Bob Tedeschi, NYT, C12.
  8. Unit of Biomet acquires maker of spinal products [- EBI bought Biolectron for $90m], AP via NYT, C4.
  9. Two networking concerns to merge [- Predictive Systems is buying Synet Service for $42m], by Seth Schiesel, NYT, C12.
  10. Alexion Pharmaceuticals Inc. [bought Prolifaron for $41m], NYT, C4.
  11. Putting his money where his mouth is - Butcher Co. owner splits $18m in sale of business with workers, staff & wire reports via Boston Globe, C1.
    [For further details, see our "Glimmers of the real solution, A" page item of 9/26/2000.]
  12. LVMH Moet [Hennessy Louis Vuitton] buys cosmetics firm [Fresh Inc., for $??], Bloomberg via Boston Globe, C9.
9/23/2000  2 takeovers reported, totaling $750m + $undisclosed -
  1. Debis AirFinance [a Dutch unit of DaimlerChrysler] buys AerFi [Group of Ireland for $750m], by Brian Lavery, NYT, B3.
  2. Pantry [Inc.] agrees to purchase 26 Fast Lane stores [from R.R. Morrison & Son for $??], Bloomberg via NYT, B3.
9/22/2000  8 takeovers reported, totaling $1.975B + $undisclosed -
  1. Time Warner [Telecom] to buy GST [Telecommunications] for $690m, by Simon Romero, NYT, C6.
  2. Lycos [Europe] buying Swedish Net firm - $572m deal [for Spray Network] could...challenge Yahoo in Europe, Bloomberg via Boston Globe, D4.
  3. Burnham Pacific Properties Inc. [to sell 19 Calif. shopping centers to GMS Realty for $305m], NYT, C4.
  4. Marconi in [$268m] deal for Mariposa [Technology], by Matt Richtel, NYT, C6.
  5. Union Planters [Tenn.'s largest bank] to acquire Jefferson Savings Bancorp [for $140m], Bloomberg via NYT, C4.
  6. Lufthansa Technik A.G. [bought controlling stake in Hawker Pacific Aerospace for $??], NYT, C4.
  7. Margeotes/Fertitta [& Partners] in latest acquisition [- bought Bratskeir & Co. in NYC for $??], by David Kirkpatrick via NYT, C17.
  8. [Massachusetts] State takes control of troubled New England Fidelity [auto insurance, for $0], by Bruce Mohl, Boston Globe, D3.
9/21/2000  3 more takeovers reported, totaling $3.395B -
  1. ADC [Telecommunications] and Broadband [Access Systems] in $2.25B deal, NYTimes.com via NYT, C10.
  2. Oil company sold [- Russia sold gov't-owned Onako to privately owned Evro-Tek, both in Russia, for $1.1B, by Sabrina Tavernise, NYT, C4.
  3. Aether Systems Inc. [to buy the transportation unit of Motient Corp. Reston, Va., for $45m], NYT, C4.
9/20/2000  3 takeovers reported, totaling $2.1612B -
wazzamattah, they running out of targets? -
  1. Sun Microsystems to acquire Cobalt [Networks] for $2B in stock, by Lawrence Fisher, NYT, C9.
  2. Family that owns Hyatt Hotels will buy chain of inns [- Pritzker family will buy U.S. Franchise Systems, franchiser of Microtel Inns & Suites, for $99.8m]
  3. Synovus Financial to acquire Carolina Southern Bank [for $61.4m]
9/19/2000  4 takeovers reported, totaling $3.16B + $undisclosed -
  1. Dresdner Bank buying Wasserstein, Perella [& Co. for $1.56B], Bloomberg via NYT, C4.
  2. Cadbury Schweppes to buy Snapple drinks line [from Triarc for 910+420+120= $1,450m], by Constance Hays, NYT, C1.
  3. Northrup Grumman to buy Sterling Software [for $150m], Bloomberg via NYT, C4.
  4. CB Richard Ellis Services' [mortgage banking unit, L.J. Melody, bought Boston Mortgage Capital for $??], NYT, C4.
9/18/2000  3 weekend takeover reports, totaling $256m + $undisclosed -
  1. Sapiens [International, valued at $256m] and Ness [Technologies, both in Israel] to merge, Bloomberg via NYT, C6.
  2. Wolfe and Omnicom make acquisitions [- Wolfe Group Integrated Communications in Toronto is buying Viaduct Technologies in Bethesda for $??], by Stuart Elliott, NYT, C17.
  3. Wolfe and Omnicom make acquisitions [- Omnicom Group is buying Steiner Sports Marketing, both in New York City, for $??], by Stuart Elliott, NYT, C17.
9/16/2000  6 takeovers reported, totaling $245.4m + $undisclosed -
  1. Boise Cascade adding units of U.S. Office Products [for $115m], Bloomberg via NYT, B3.
  2. Vanadium International Inc. [to buy Cleartron, both of Reno, for $81.8m], NYT, B3.
  3. Register.com in deal to acquire Afternic.com [for $48.6m], Dow Jones via NYT, B3.
  4. Verizon [Communications] gets one clearance [Justice Dept's] on purchase of OnePoint [Communications for $??], AP via NYT, B3.
  5. Eastman [Chemical] to sell part of fine chemical business [in Ark., Wales & Hong Kong to ?? for $??], AP via NYT, B3.
  6. Eastman to sell part of fine chemical business [& buy part of rival Hercules' resins business for $??], AP via NYT, B3.
9/15/2000  7 takeovers reported, totaling $1.227B + $undisclosed -
  1. British software maker acquired [- Baltimore Technologies of Ireland(!) bought Content Technologies Holdings for $992m], by Brian Lavery via NYT, C2.
  2. First Union Real Estate [Investments] is selling [going-concern? commercial] properties to Radiant [Investors for 79.9+125.1= $205m], Dow Jones via NYT, C3.
  3. Internet takeover in China [- Sohu.com will buy ChinaRen.com for $30m], by Craig Smith, NYT, C2.
  4. Homestore.com Inc. [of Calif. bought Hessel Group of Conn. for $??], NYT, C3.
  5. Berkshire [Hathaway] unit is buying furniture retailer [- Nebraska Furniture Mart is buying Homemakers Furniture and WoodMarc Mfg of Iowa for $??], AP via NYT, C4.
  6. Havas [Advertising in Paris] acquires Vickers & Benson [in Toronto for $??], by Bernard Stamler, NYT, C6.
  7. Owner [Premier Cruise Lines] defunct, 3 [luxury] cruise ships are seized [by authorities in Bahamas (Oceanic) & Canada (Rembrandt & Sea Breeze) for $?? or N/A], AP via NYT, A8.
    ..."Last night was Pirates theme night" on the ship, said a [passenger]. "Today, we're walking the plank"....
9/14/2000  10 takeovers reported, totaling $35.716B + $undisclosed -
  1. Chase [Manhattan] hopes [$30.9B] deal for [J.P.] Morgan will bring it prestige, by McGeehan & Hansell, NYT, C1.
  2. Quebec cable deal [- Quebecor gains control of Groupe Videotron for $3.3B], by Timothy Pritchard, NYT, C4.
  3. Inktomi to buy Net broadcaster [FastForward Networks] for $1.3B, AP via Boston Globe, C4.
  4. Microsoft acquires music Web site [MongoMusic.com, for $65m], by Laurie Flynn, NYT, C6.
  5. BarnesandNoble.com buying Fatbrain.com [for $64m], Bloomberg via NYT, C6.
  6. Tupperware to buy BeautiControl [for $60m] to enter new market, Bloomberg via NYT, C4.
  7. NS Group Inc. [to sell its Imperial Adhesives unit to Sovereign Specialty Chemicals for $27m], NYT, C4.
  8. Cadbury [Schweppes of Britain in $??] Pepsi deal [for Pepsi Cola Bottlers Australia], by Suzanne Kapner, NYT, C4.
  9. Rapp Collins [Worldwide in NYC] acquires Innovyx [in Seattle for $??], by Stuart Elliott, NYT, C9.
  10. Asset Alternatives will be acquired [by Wicks Business Information for $??], by Beth Healy, Boston Globe, C11.
9/13/2000  8 more takeovers reported, totaling $1.1911B + $undisclosed -
  1. BellSouth to buy our partners in wireless unit [BellSouth Carolina PCS, for $885m], Reuters via NYT, C4.
  2. Parmalat to buy Mother's Cake and Archway Cookies [from Specialty Foods Acquisition for $250m], Bloomberg via NYT, C4.
  3. Acquisitions on two fronts [e.g., Added Value in London is buying Fusion 5 in Conn. for up to $29m], by Stuart Elliott, NYT, C12.
  4. A manager of power plants [Ogden Corp.] will sell its aviation unit [Flight Services Group in Conn. + assets of its Transair unit at Le Bourget in Paris, to Latsis Group affiliate Consolidated Lamda Holdings for $27.1m], Bloomberg via NYT, C4.
  5. Kaneb Pipeline Partners LP. [bought storage terminal near Philadelphia from GATX for $??], NYT, C4.
  6. Trans World Entertainment Corp. [will buy Disc Jockey Music Stores from Wax Works for $??], NYT, C4.
  7. Acquisitions on two fronts [e.g., Siegelgale bought Spalab, both in NYC, for $??], by Stuart Elliott, NYT, C12.
  8. Wells Fargo in [$??] G.E. deal [for GE's mortgage business], Bloomberg via NYT, C18.
9/12/2000  8 takeovers reported, totaling $11.452B -
  1. Goldman Sachs to acquire top firm on trading floors [Spear, Leeds & Kellogg, for $7.4B], by Patrick McGeehan, NYT, C2.
  2. Pharmaceuticals acquisition [- Elan Corp. of Dublin bought Dura Pharmaceuticals of San Diego for $1.8B], by Brian Lavery, NYT, C4.
  3. Genzyme to purchase Geltex Pharmaceuticals [for $1B], Bloomberg via NYT, C4.
  4. Siebel [Systems] buying Janna [Systems for $972m] to expand offerings, Bloomberg via Boston Globe, D2.
  5. J. G. Durand Industries to buy Mikasa for $280m, Bloomberg via NYT, C4.
  6. Procter & Gamble sells Chloraseptic [line] to Prestige [Brands International for $??], Bloomberg via NYT, C4.
  7. Maxxcom and CGI make acquisitions [- MDC's Maxxcom unit in Toronto bought 60% stake in Interfocus Network in London for $??], by Stuart Elliott, NYT, C10.
  8. Maxxcom and CGI make acquisitions [- Grey Global's CGI Group unit in NYC bought Gcom-Kaufman in Mexico City for $?? to merge with GCI's local office], by Stuart Elliott, NYT, C10.
9/11/2000  2 weekend takeover reports, totaling $523m -
  1. Spirent buys Zarak [Systems for $403m] to help Web strategy, Bloomberg via NYT, C12.
  2. $120m stock deal for drug company [- Human Genome Sciences bought Principia Pharmaceutical], by Andrew Pollack, NYT, C18.
9/9/2000  3 takeovers reported, value $undisclosed -
  1. WD-40 buys Solvol, an Australian hand soap concern [for $??], AP via NYT, B3.
  2. Probex Corp. [to buy almost all assets of Pennzoil-Quaker State's Specialty Environmental Services unit for $??], NYT, B3.
  3. Keane buys Care Computer [Systems for $??], Dow Jones via Boston Globe, C2.
9/08/2000  7 takeovers reported, totaling $6.375B + $undisclosed -
  1. Italian-Dutch deal creates Internet giant [- Tiscali of Italy to acquire World Online of Netherlands for $5.1B], by Andrew Sorkin, NYT, C6.
  2. Supermarket acquisition [- Royal Ahold of Netherlands to buy Superdiplo of Spain for $1B], by Benjamin Jones, NYT, C3.
  3. Hearst-Argyle agrees to buy New Hampshire station [WMUR-TV in Manchester, for $185m], Bloomberg via NYT, C3.
  4. CKE Restaurants is selling Taco [Bueno] unit [for $90m], Bloomberg via NYT, C3.
  5. Western Gas Resources [sold gas-gathering system in Ok.'s Arkoma Basin to ?? for $??], NYT, C3.
  6. PG&E Corp. [to buy 500-megawatt power plant under construction in Miss. from Duke Energy for $??], NYT, C3.
  7. Wachovia Corp. [a bank, will buy DavisBaldwin insurance in Tampa for $??], NYT, C3.
9/07/2000  14 takeovers reported, totaling $32.0814B + $undisclosed -
  1. Citigroup to buy Associates First [Capital] for $31B, by Patrick McGeehan, NYT, C1.
  2. Valley National Bancorp to buy Merchants [New York Bancorp for $375m], Dow Jones via NYT, C4.
  3. Northrop [Grumman, for $302m,] acquiring Carlyle's Federal Data unit, Bloomberg via NYT, C4.
  4. Martin Marietta Materials buying rest of Meridian [Aggregates for $193m], Bloomberg via NYT, C4.
  5. BB&T to buy FirstSpartan Financial [for $103.9m], Bloomberg via NYT, C4.
    [The acquisition is BB&T's 9th this year. Ooo, this is gonna be a really BIG depression this time.]
  6. Raymond James [Financial] buys Canadian firm [Goepel McDermid securities, for $84.7m], Bloomberg via NYT, C10.
  7. Fairchild Semiconductor Corp. [to buy Kota Microcircuits in Col., & Micro Linear's Power Mgmt unit in Cal., for $21m total], NYT, C4.
  8. Anthem Blue Cross buys more of HMO it co-owns [for $1.8m], AP via Boston Globe, C9.
  9. Guardian Life [Insurance Co. of America] plans to take over Berkshire Life [Insurance, with no exchange of cash], by Joseph Treaster, NYT, C4.
    [How unusual they actually use the taboo term "takeover" - disinfected by the absence of cash & no mention of stock in the merger?]
  10. Nordstrom [the Seattle-based chain, for $??,] to buy Façonnable [clothing of France], a top seller in its stores, Bloomberg via NYT, C4.
  11. Royal Dutch/Shell Group [will sell its Kraton polymers unit for $?? to Ripplewood Holdings], NYT, C4.
  12. North Carolina Natural Gas [to sell its propane division to Jenkins Gas & Oil for $??], NYT, C4.
  13. Co-founders of Africana.com [Harvard profs Henry Louis Gates Jr. & Kwame Anthony Appiah] sell venture to Time Warner [for $??], by David Kirkpatrick, NYT, C2.
  14. Teradyne set to sell [controlling stake in its] software-testing units [to be consolidated & called Empirix, for $?? to an investment group, that includes some Teradyne employees, led by Matrix Partners], Bloomberg via Boston Globe, C9.
9/06/2000  15 takeovers reported, totaling $9.4485B + $undisclosed -
  1. To get Digex, WorldCom pays $6B for Intermedia [Communications], Bloomberg via Boston Globe, C2.
  2. National Grid announces Niagara Mohawk purchase - British utility will pay about $3B], by Neela Naerjee, NYT, C4.
    [Moved over from yesterday's 'expected' announcement.]
  3. [Robert] Krafts sell [most of 55%] PaperExchange stake [to Internet Capital Group for $133m], by Meg Vaillancourt, Boston GLobe, C1.
  4. Compass Bancshares to acquire FirsTier in [$127.5m] stock deal, Reuters via NYT, C4.
  5. Cytec to sell [for $90m, parts of] paper chemical division to Bayer..., Bloomberg via NYT, C4.
  6. Calif. firm, WebManage ink $75m deal, Bloomberg via Boston Globe, C9.
  7. Cytec to sell [for $23m, parts of] paper chemical division to...Ciba [Specialty Chemicals], Bloomberg via NYT, C4.
  8. Investment company [Palladium Equity Partners, for $??,] will buy Wise [Holdings], maker of snacks, Bloomberg via NYT, C4.
  9. Lexis-Nexis [of Dayton bought Press Access of Boston for $??], NYT, C4.
  10. Boeing Co. [of Seattle bought AeroInfo Systems of B.C. for $??], NYT, C4.
  11. Cushman & Wakefield Inc. [of NYC bought Japan Property Advisors of Tokyo for $??], NYT, C4.
    [It's clear that these gents
    Had more money than sense.
    Buying into a troubled industry in a depressed economy? Brilliant.]
  12. UGI Corp. [of Penn. bought the southeastern Penn. & northern Del. heating & cooling businesses of Conectiv of Del. for $??], NYT, C4.
  13. True North [Communications in Chicago] acquires Howard, Merrell [& Partners in Raleigh for $??], by Courtney Kane, NYT, C8.
  14. Honeywell [International] to sell its brake product business [to Questor Partners Fund II for $??], Bloomberg via NYT, C23.
    [Another fund buying a rustbelt business? They must have been bored silly.]
  15. Haemonetics to acquire Transfusion Technologies [for $??], by Ronald Rosenberg, Boston Globe, C16.
9/05/2000  7 takeovers reported, totaling $1.4985B + $undisclosed -
  1. TNT Post [Groep] buys CTI Logistx [from CSX for $650m], by Suzanne Kapner, NYT, C4.
  2. [Deutsche Telekom's] T-Online [International unit] to acquire Jazztel [for $494m], Bloomberg via NYT, C4.
  3. Eltek [of Norway] to acquire Power Conversion [Products of U.S. for $330m], by Suzanne Kapner, NYT, C4.
  4. Aspen Technologies [of Cambridge MA] makes third acquisition this year - Buys Maryland's Icarus for $24.5m, by Jerry Ackerman, Boston Globe, D10.
  5. Nippon Credit [Bank] has new life [- bought for $?? by consortium led by Softbank, to be renamed Aozora Bank on Jan. 4], Agence France-Presse via NYT, C4.
  6. Go Sport to merge with Courir [both based in France, for $??], Bloomberg via NYT, C4.
  7. McConnaughy Stein [Schmidt Brown] to be acquired [for $?? by Havas Advertising's Euro RSCG Tatham, both in Chicago], by Bernard Stamler, NYT, C8.
9/04/2000  1 weekend takeover reported, totaling $2.9B -
  1. Abbey National to buy Scottish Provident [for $2.9B], NYT, C7.
9/02/2000  4 takeovers reported, totaling $295m + $undisclosed -
  1. Johnson Controls Inc. [bought Ikeda Bussan of Japan for $185m], NYT, B3.
  2. First Union to purchase JWGenesis Financial [for $110m], Bloomberg via NYT, B3.
  3. Quack.com, an interactive speech concern, is acquired [by America Online for $??], AP via NYT, B3.
  4. Penton Media to buy [for $??, Professional Trade Shows] unit of First Communications, Bloomberg via NYT, B3.
9/01/2000  11 takeovers reported, totaling $1.0702B + $undisclosed -
  1. Cisco acquiring PixStream [for $369m], Reuters via NYT, C2.
  2. Waste Management agrees to sell 2 foreign operations [in Hong Kong & Mexico, & other foreign assets, to Vivendi Environnement's Onyx unit for $250m], AP via NYT, C4.
  3. Fifth Third [Bancorp] in $160.2m deal for Ottawa Financial [of Mich.], Reuters via NYT, C4.
  4. Electronics for Imaging is buying Splash Technology [for $146m], Bloomberg via NYT, C4.
  5. At Home buys Pogo.com online game site [for 125-150, say $137.5m], by Allison Fass, NYT, C2.
  6. Focus Enhancements to buy Calif. company [Videonics, for $7.5m], Dow Jones via Boston Globe, F6.
  7. Waste Management agrees to sell 2 foreign operations [& completes sale of its Waste Mgmt Environmental unit's 49% of Advanced Environmental Services for $?? to Onyx, which already owned the rest], AP via NYT, C4.
  8. Central Hudson Energy Services [a CH Energy Group subsidiary, bought Griffith Consumers Co. for $??], NYT, C4.
  9. AES Corp. [to buy Reliant Energy's 50% of El Salvador Energy Holdings for $??], NYT, C4.
  10. Ashland Specialty Chemical [an Ashland Inc. subsidiary, bought assets of MicroClean, including operations in Austin & Tempe, for $??], NYT, C4.
  11. Boston Private [Financial Holdings] acquires Calif. investment adviser [Sand Hill Advisors, for $??], Dow Jones via Boston Globe, F6.
8/31/2000  7 takeovers reported, totaling $451.8m + $undisclosed -
  1. Duke [Energy] is acquiring gas storage company [NiSource, for 250+150= $400m], Bloomberg via NYT, C4.
  2. Racetrack operator to make acquisition in California [- Magna Entertainment to buy Bay Meadows Operating Co. for $24.1m], Reuters via NYT, C4.
  3. Frequency Electronics Inc. [of NY to buy Gillam of Belgium for $15.3m], NYT, C4.
  4. Ansys Inc. [to buy ICEM CFD Engineering software for $12.4m], NYT, C4.
  5. Justice Dept. clears SBC and BellSouth venture [in merging their wireless operations for $??], Bloomberg via NYT, C2.
  6. Watts [Industries] buys 2 companies [e.g., Chiles Power Supply for $??], Boston Globe, C11.
  7. Watts buys 2 companies [e.g., Bask LLC for $??], Boston Globe, C11.
8/30/2000  8 takeovers reported, totaling $13.6283B + $undisclosed -
  1. Credit Suisse [Group $12.8B] deal for Donaldson, Lufkin [& Jenrette, 72% owned by AXA, to be announced today], by Patrick McGeehan, NYT, C1.
  2. Harmon Industries accepts [$386m] General Electric offer, Dow Jones via NYT, C4.
  3. Motorola to pay $160m for Printrak [International], Bloomberg via NYT, C4.
  4. Finnish concern [UPM-Kymmene] buys Repap [Enterprises of Canada for $110m], by Timothy Pritchard, NYT, C4.
  5. BCE Emergis agrees to buy InvoiceLink [for $88.3m], Bloomberg via NYT, C4.
  6. Johnson Controls to buy Gylling, a battery maker [for $62m], Bloomberg via NYT, C4.
  7. Key Production in $22m deal for rival [Columbus Energy], Bloomberg via NYT, C4.
  8. BET.com is buying 360HIPHIP.com [for $??], NYT, C5.
8/29/2000  15 takeovers reported, totaling $17.4579B + $undisclosed -
  1. VoiceStream [Wireless] to buy PowerTel [for $7.2B], , Bloomberg News via NYT, C6.
    [...even as itself is bought by Deutsche Telekom, as the captains of world industry, like lemmings, consolidate consolidations and rush toward the cliffs to plunge into the Great Maelstrom and at its bottom, the Black Hole 'economy' or what's left of it.]
  2. Applied Micro will acquire MMC Networks [for $4.5B], by Lawrence Fisher, NYT, C6.
  3. Atos to acquire [for $2.4B, Royal] Philips [Electronics' Origin] unit, by John Tagliabue, NYT, C4.
  4. Foster's Brewing [Group] to buy Beringer Wine [Estates of California for $1.14B], AP via NYT, C10.
  5. Sabre Holdings says it will cut 1,200 jobs [& buy rival GetThere Inc. for $757m], Bloomberg via NYT, C4.
  6. Carnival [Corp., for $525m,] to buy out Airtours' [50%] stake in Costa Cruciere, Reuters via NYT, C4.
  7. PanCanadian [Petroleum] will acquire oil and gas assets[/businesses of Montana Power for $475m], Bloomberg via NYT, C4.
  8. Vulcan Materials to buy some Tarmac America assets [including 8 quarries & 3 sand&gravel operations, for $227m], Reuters via NYT, C4.
  9. Bottomline [Technologies] makes 2 acquisitions [e.g., Checkpoint Holdings for $78m], Bloomberg via NYT, C6.
  10. Hovnanian [Enterprises] to acquire Washington Homes [for $77.4m], Bloomberg via NYT, C4.
  11. Kaydon Corp. [bought Tridan International, Indiana Precision, & Canfield Technologies for $48m], NYT, C4.
  12. Del Monte [Foods, for $14.5m,] acquires Sunfresh brand from UniMark, AP via NYT, C4.
  13. Bottomline [Technologies] makes 2 acquisitions [e.g., Flashpoint for $12m], Bloomberg via NYT, C6.
  14. United Tape [of Georgia to be bought by Intertape Polymer Group of Montreal for $4m + $? cash + $? debt], NYT, C4.
  15. Alpha Analytical [Labs, for $??,] buys Matrix Analytical, by Peter Howe, Boston Globe, E7.
8/26/2000  6 takeovers reported, totaling $943.1m + $undisclosed -
  1. Time Warner Telecom adds most assets of GST [Telecommunications for $690m cash + $?? assumed debt], Dow Jones via NYT, B3.
  2. Salem Communications acquires 8 radio stations [from Clear Channe Communications for $185.6m], Bridge News via NYT, B3.
  3. Gentiva Health Services to sell [healthcare] staffing unit [to InteliStaf Holdings & Carlyle Group for $67.5m], Bridge News via NYT, B3.
  4. Home Depot to buy NCH's apartment maintenance unit [for $??], Bloomberg via NYT, B3.
  5. AON, insurance broker, buying Actuarial Sciences [Associates for $??], Bloomberg via NYT, B3.
  6. Megapath Networks Inc. [bought 1Terabit's NYC digital subscriber lines for $??], NYT, B3.
8/25/2000  9 takeovers reported, totaling $915.2m (averaging $100m apiece) + $undisclosed -
  1. MONY Group is buying Advest Group for $275m, Dow Jones via NYT, C4.
  2. British water deal [- Anglian Water is buying Morrison construction for $177m], by Suzanne Kapner, NYT, C2.
  3. Chattem agrees to sell Ban Deodorant line to [Kao's Andrew] Jergens [unit for $160m], Bloomberg via NYT, C4.
  4. Canadian company makes purchase [- Bracknell of Toronto to buy Able Telecom Holding for $134.2m], Bloomberg via NYT, C2.
  5. 24/7 Media buys Website Results [for $95m], by Allison Fass, NYT, C4.
  6. American Eagle [Outfitters] is buying [3] units from Canadian retailer [Dylex, for $74m], Dow Jones via NYT, C4.
  7. Alcoa agrees to acquire British businesses from Luxfer [Holding for $??], Bridge News via NYT, C4.
  8. Kellwood agrees to buy maker of women's clothing [Dorby Frocks, for $??], Bridge News via NYT, C4.
  9. E*Trade [Group] buying a financial start-up [PrivateAccounts.com, for $??], by Patrick McGeehan, NYT, C4.
8/24/2000  7 takeovers reported, totaling $675.5m + $undisclosed -
  1. Another sale by TransCanada [Pipelines, of offshore gas production & gathering system in Netherlands to Gaz de France subsidiary for $340m], by Timothy Pritchard, NYT, C4.
  2. Nextel [Communications] buying Chadmoore Wireless [Group for $160m], Bloomberg via NYT, C10.
  3. BB&T to buy BankFirst in $149.7m stock swap, AP via NYT, C4.
  4. Coachmen [Industries], modular housing maker, buys competitor [Miller Building Systems, for $25.8m], Bloomberg via NYT, C4.
  5. [Eastman] Kodak to sell troubled Eastman Software unit [to investment group led by William Oates for $??], Bloomberg via NYT, C4.
  6. New acquisitions by agencies [- Ogilvy One Worldwide in NYC bought Lacek Group from Electronic Data Systems for $??], by Jane Levere, NYT, C8.
  7. New acquisitions by agencies [- Octagon Worldwide in London is buying majority stake in Consultants in Sport in Belgium & Netherlands], by Jane Levere, NYT, C8.
8/23/2000  9 takeovers reported, totaling $800m (averaging just under $100m per takeover) + $undisclosed -
  1. Real estate company on west coast to acquire another [Pan Pacific Retail Properties will buy Western Properties Trust for 240+200= $440m], Reuters via NYT, C4.
  2. TeleTech [Holdings] agrees to acquire internet services company [Newgen Results, for $200m], Bridge News via NYT, C4.
  3. A bank holding company [Chemical Financial, for $170.7m] to acquire Shoreline Financial, Bridge News via NYT, C4.
  4. CNL Hospitality purchases nine hotels from Marriott [International for $100m], AP via NYT, C4.
  5. Maker of boxing equipment [Everlast,] to be bought for $60m [by Active Apparel Group], Bloomberg via NYT, C4.
  6. Newell Rubbermaid to buy Gillette pens [& Liquid Paper] unit [for $??], Reuters via NYT, C4.
  7. [Royal] Philips [Electronics' Domestic Appliances & Personal Care] unit to buy maker of power toothbrushes [Optiva, for $??], Bridge News via NYT, C4.
  8. Financial Commerce Network Inc. [will buy Rascals International comedy clubs for $??], NYT, C4.
  9. Two electronic bill payment services merge [- Paytrust and PayMyBills.com, for $??], AP via NYT, C7.
8/22/2000  11 takeovers reported, totaling $11.9165B (averaging over $1B per takeover) + $undisclosed -
  1. Transocean Sedco Forex to buy R & B Falcon [for $5.3B], Reuters via NYT, C4.
  2. Canada's Telus to buy Clearnet [Communications] for $4.37B, Bloomberg via Boston Globe, C3.
    [deal still unsure when NYT edition published "Canadian company bids $3B for wireless network," by Timothy Pritchard, NYT, C4.]
  3. Washington Mutual agrees to acquire Bank United [for $1.49B], Bloomberg via NYT, C4.
  4. 2 of biggest Pepsi bottlers reach $331m deal - Whitman is purchasing PepsiAmericas, by Kenneth Gilpin, NYT, C2.
  5. Cabletron [Systems] buys Indus River [Networks] for $170m to add to product line, by Scott Nelson via Boston Globe, C1.
  6. BOK Financial agrees to buy CNBT Bancshares [for $91.5m], Bridge News via NYT, C4.
  7. Thermo TerraTech to sell Lancaster Laboratories [to Goldner Hawn Johnson & Morrison for $72m], Bloomberg via NYT, C4.
    [= "Goldie Hawn" for short?]
  8. Lamson & Sessions to acquire Pyramid Industries [for $52m], Bridge News via NYT, C4.
  9. Antigenics agrees to buy Acquila Biopharmaceuticals [for $40m], Bloomberg via NYT, C4.
  10. Targus Group International Inc. [bought Wickford Backpack for $??], NYT, C4.
  11. 2 agencies make a deal [- Margeotes/Fertitta & Partners bought majority stake in Chinnici Direct, both in NYC, for $??], by Patricia Lauro, NYT, C7.
8/19/2000  7 takeovers reported, totaling $2.425B + $undisclosed -
  1. American International to acquire HSB Group [for $1.2B], Bloomberg via NYT, B4.
  2. Welsh utility battle over [- Western Power Distribution of US to buy Hyder PLC for $848m], by Suzanne Kapner, NYT, B3.
  3. Lower price for auctioneer [- QXL of Britain to buy Ricardo.de of Germany for $256.5m], by Suzanne Kapner, NYT, B3.
  4. Petroleum Place, Internet concern, in [$69m] Canada deal [for Applied Terravision Systems], Bridge News via NYT, B4.
  5. Sinclair Broadcast to acquire Grant Television [including Buffalo's WNYO-TV, for $51.5m], AP via NYT, B4.
  6. AmeriServe [Food Distribution] to be purchased by [Wal-Mart's] McLane [unit for $??], AP via NYT, B4.
  7. Internet Law Library Inc. [bought controlling stake in Compass Data Systems for $??], NYT, B4.
8/18/2000  8 takeovers reported, totaling $325.4m + $undisclosed -
  1. G.E. ready to buy Smallworldwide [for $210m], Reuters via NYT, C5.
  2. GlobalNet [Financial.com, for $115.4m] to acquire Telescan, Bloomberg via NYT, C5.
  3. Verizon [Communications] agrees to sell 2 wireless franchises [to investment group led by J. P. Morgan Capital for $??], Reuters via NYT, C4.
  4. Aon [unit] is buying accident and health unit from Reliance [Group Holdings for $??], Bloomberg via NYT, C4.
  5. Web retailer is merging with company it spun off in '99 [- DELIA*s to merge with ITurf for $??], Reuters via NYT, C4.
    [Talk about yoyo CEOs.]
  6. Florida Progress Corp. [to be bought by CP&L Energy for $??], NYT, C4.
  7. El Paso Energy [of Houston bought units of Enerplus Group of Calgary for $??], NYT, C4.
  8. Buyer plans upgrade of Nova Scotia ferry [- Scottish Transport Group is buying Prince of Fundy Cruises for $??], AP via Boston Globe, C5.
8/17/2000  5 takeovers reported, totaling $7.125B + $undisclosed -
  1. British firm expected to raise stake in German concern [- British Telecommunications to double 45% stake in Viag Interkom for $5.46B], by Andrew Sorkin, NYT, C4.
  2. Sara Lee in $1.57B food service deal [- sells PYA/Monarch operation to Royal Ahold], AP via NYT, C4.
  3. Prudential plans an 80% stake in MasterLink Securities for $95m], Bridge News via NYT, C4.
  4. MetLife agrees to acquire Grand Bank [chartered bank, for $??], Bridge News via NYT, C4.
  5. EMC acquires Avalon Consulting Group [for $??], by Ross Kerber, Boston Globe, C11.
8/16/2000  12 takeovers reported, totaling $28.723B + $undisclosed -
  1. Clear Channel [Communications] receives federal approval to buy AMFM [Inc. for $23B], Bloomberg via NYT, C4.
  2. Retention incentives to top $200m at Nvest [- Caisse des Depots Group's CDC Asset Management is buying Nvest LP of Boston for $2.2B], by Beth Healy, Boston Globe, C9.
  3. Boeing agrees to buy a provider of flight data [Jeppesen Sanderson, from Tribune for $1.5B], Reuters via NYT, C4.
  4. Donaldson Lufkin affiliate [DLJ Merchant Banking Partners] plans to acquire Advanstar [from Hellman & Friedman Capital Partners III for $900m], Dow Jones via NYT, C4.
  5. Nortel [Networks] buying equipment maker [Sonoma Systems, for $540m], NYTimes.com via NYT, C4.
  6. Worthington [Industries] to buy three galvanized steel operations [in Pa. for $300m = "the Techs" = MetalTech, NexTech, & GalvTech], Dow Jones via NYT, C4.
  7. Eagle Wireless to purchase ClearWorks.net for [$137.5m in] stock, Bloomberg via NYT, C4.
  8. Trex Medical will be bought by Hologic for $55m, Bloomberg via NYT, C4.
  9. Umpqua Holdings to acquire VRB Bancorp for $51.5m, Bloomberg via NYT, C4.
  10. Courier will buy Dover Publications for $39m, Bloomberg via NYT, C4.
  11. Citigroup Inc. [to buy AST StockPlan for $??], NYT, C4.
  12. Wine sales sites to merge [- Wine.com & WineShopper.com, for $??], Dow Jones via NYT, C6.
8/15/2000  8 takeovers reported, totaling $2.6322B + $undisclosed -
  1. Broadcom buying NewPort [Communications] in [$1.32B] stock deal, NYTimes.com via NYT, C8.
  2. Chiron to acquire PathoGenesis for $700m, by Andrew Pollack, NYT, C1.
  3. EieiHome.com to buy Wireless Stock Xchange [for $255.8m], Bloomberg via NYT, C4.
  4. Aether Systems to acquire Cerulean Technology [for $150m], Bridge News via NYT, C4.
  5. Alliance Gamining to sell United Coin Machine unit [to UC Acquisition Co. of Nevada for $118m], Bloomberg via NYT, C4.
  6. Internet travel merger [- Lastminute.com to buy Degriftour Group for $88.4m], Bloomberg via NYT, C4.
  7. First Union [bank] to sell credit card business [to MBNA for $??], Bloomberg via NYT, C8.
  8. Merger forms new consultancy [- GlobalWorks.com & Liquid Digital Information Systems, both in NYC, to merge to form GlobalWorks, for $??], by Eric Pfanner, NYT, C10.
8/14/2000  1 weekend takeover report, totaling $undisclosed -
  1. Hutchison [Whampoa] buys 51% of Andala [of Italy, for $??] in permit quest, Bloomberg via NYT, C7.
8/12/2000  5 takeovers reported, totaling $13.7565B -
  1. Barclays [bank] will acquire Woolwich [mtg lender, for $8.1B], by Andrew Sorkin, NYT, B2.
  2. News Corp. said to agree to purchase Chris-Craft [Industries, the TV-station company, for $5.3B], by Geraldine Fabrikant, NYT, B2. [That's weird - we thought Chris-Craft manufactured motorboats. Also weird because the present story says the deal is worth $3.5B. We get the $5.3B correction from the 8/15/00 story "News Corporation to pay $5.3B for Chris-Craft" by Geraldine Fabrikant, NYT, C10.]
  3. Zale, jewelry retailer, buying Piercing Pagoda [for 201+57.5= $258.5m], Reuters via NYT, B3.
  4. Kohlberg [& Co.], merchant banker, agrees to purchase of BI [Inc., for $65m], Bridge News via NYT, B3.
  5. Kellogg Co. [bought Kashi Co. of Calif. for $33m in June - previously unreported], NYT, B3.
8/11/2000  3 takeovers reported, totaling $13.4m + $undisclosed -
  1. Reunion Industries [is selling its Irish plastics unit, Data Packaging, to undisclosed Irish firm for $13.4m], NYT, C3.
  2. SCI Systems agrees to buy [for $??, Telrad Networks'] circuit board plant in Israel, Dow Jones via NYT, C3.
  3. Two big online toy sellers to merge units [- Toys "R" Us & Amazon.com are merging online toy-sales units for $??], by Saul Hansell, NYT, C4.
8/10/2000  8 takeovers reported, totaling $6.8078B + $undisclosed -
  1. Phone.com to merge with Software.com [for $6.5B], AP via Boston Globe, C2.
  2. Universal Foods to sell yeast unit [Red Star Yeast] for $125m, Bridge News via NYT, C3.
  3. Sapient to buy Human Code, a media developer [for $103.8m], Bloomberg via NYT, C3.
  4. Targeted Genetics to acquire Genovo, a rival [for $67m], Bloomberg via NYT, C3.
  5. Ezenia sell [network access-card] division [to Telco Systems for $6m]..., by Peter Howe, Boston Globe, C9.
  6. Ezenia sells...; Akamai [Technologies] finalizes buy [of CallTheShots Inc., also for $6m], by Peter Howe, Boston Globe, C9.
  7. Bank of New York acquires Ivy Asset Management [for $??], Reuters via NYT, C3.
  8. Hayes Lemmerz International Inc. [of Michigan to buy aluminum auto-parts foundry in Germany from ?? for $??], NYT, C3.
8/09/2000  9 takeovers reported, totaling $8.41B + $undisclosed -
  1. FirstEnergy acquires GPU in $4.5B cash-stock deal, by Neela Banerjee & Andrew Sorkin, NYT, C6.
  2. Verizon [Communications, &] Calif. firm [NorthPoint Communications Group, for $2.3B,] to merge DSL operations, by Peter Howe, Boston Globe, D6.
  3. Dynegy agrees to buy 2 [upstate] New York power plants [for $903m - Danskammer from Central Hudson Gas and Electric, & Roseton from ConEd & Niagara Mohawk Holdings], Reuters via NYT, C3.
  4. Critical Path plans to acquire PeerLogic in [$416m] stock deal, Reuters via NYT, C3.
  5. Leeson Electric to be purchased for $260m cash [by Regal-Beloit], Bloomberg via NYT, C3.
  6. Cubist will purchase Canadian biotechnology company [TerraGen, for $31m], Bridge News via NYT, C3.
  7. Two former divisions of Ralston Purina [Ralcorp Holdings & Agribrands International] plan to merge [as equals, for $??], AP via NYT, C3.
  8. Schlumberger agrees to buy Data Marine of Scotland [for $??], Bloomberg via NYT, C3.
  9. Westvaco Corp. [bought DuBois Holdings for $??], NYT, C3.
8/8/2000  14 takeovers reported, totaling $3.7527B + $undisclosed -
  1. 2 Connecticut reactors sell for $1.3B [- Dominion Resources bought Milestone (or Millstone?) Point reactors from Northeast Utilities], by Matthew Wald, NYT, C2.
  2. Broadcom acquiring Silicon Spice [for $1.19B], by Lawrence Fisher, NYT, C6.
  3. U.S.-British consortium [Avnet & Arrow Electronics - Schroder Ventures] buys Veba Electronics [from E.On AG for $940m], AP via NYT, C4.
  4. UICI agrees to sell its [United CreditServ] credit card business [to undisclosed financial services firm for $134m], Dow Jones via NYT, C4.
  5. Gas Compression Services being bought by a rival [Universal Compression Holdings, for 12+46+53= $111m], Bridge News via NYT, C4.
  6. Ametek buys Prestolite's battery and motor units [for $60m], Bloomberg via NYT, C4.
  7. TRW Inc. [sold 2 electronic-sensor units to Measurement Specialties for $17.7m], NYT, C4.
  8. IParty to buy 33 retail stores from Big Party [for $??], Bloomberg via NYT, C4.
  9. SFX Entertainment acquires Cotter [Group, for $??], Bloomberg via NYT, C22.
  10. Agencies disclose several deals [e.g., Interpublic's McCann-Erickson World Group in NYC bought Waylon in St. Louis for $??], by Jane Levere, NYT, C8.
  11. Agencies disclose several deals [e.g., Colle & McEvoy bought Mackenzie Mktg, both in Minneapolis, for $??], by Jane Levere, NYT, C8.
  12. Agencies disclose several deals [e.g., Corsi Agency in San Francisco bought Chapman Warwick in San Diego for $??], by Jane Levere, NYT, C8.
  13. Agencies disclose several deals [e.g., Red in Calif. merged with Heater Advertising in Boston for $??], by Jane Levere, NYT, C8.
  14. Agencies disclose several deals [e.g., Interpublic's Golin/Harris International in Chicago bought Creative Event Mktg in Atlanta for $??], by Jane Levere, NYT, C8.
8/07/2000  2 weekend takeovers reported, totaling $859m -
  1. Buyout fund [London-based Cinven, for $654m,] to buy McKechnie military & auto products, Bloomberg via NYT C13.
  2. Dutch company [Jamed NV, for $205m,] to buy EndoSonics, Reuters via NYT C2.
8/05/2000  9 takeovers reported, totaling $7.604B + $undisclosed -
  1. NTT Communications reaffirms its [$5.5B] bid for Verio [in a joint statement], AP via NYT, B3.
  2. Rio Tinto wins North [Ltd. for $1.98B? = nearly 11% more than Anglo American's $1.8B offer], by Henri Cauvin, NYT, B2.
  3. Nissan sells drive shaft maker [unit to GKN Japan for $83m], by Miki Tanikawa, NYT, B2.
  4. Syncor International Corp. [said its Comprehensive Medical Imaging subsidiary to buy 14 medical imaging centers from US Diagnostics for $41m], NYT, B3.
  5. Alcoa buys Baco Consumer Products of London [for $??], Bloomberg via NYT, B3.
  6. Ivax to purchase Wakefield Pharmaceuticals [for $??], Bloomberg via NYT, B3.
  7. HomeCom Communications selling InsureRate unit [to an investor group that includes mgmt, for $??], Bloomberg via NYT, B3.
  8. Agilent [Technologies] agrees to buy Digital Technology [& Dynamic Digital Technology Private, for $??], Bloomberg via NYT, B3.
  9. Airline takeover in China [- Southern Airlines' parent to take over Zhongyuan Airlines for $??], by Craig Smith, NYT, B2.
8/04/2000  7 takeovers reported, totaling $1.983B + $undisclosed -
  1. DSM to acquire Catalytica for $800m, Bloomberg via NYT, C3.
  2. TXU to buy Norweb Energi from United Utilities [for $726m], Bloomberg via NYT, C3.
  3. Securitas to acquire Burns [International Services] for $457m, Dow Jones via NYT, C3.
  4. Bessemer Trust to add key [private-client & institutional-equity] businesses of rival [Brundage, Story & Rose, for $??], by Joseph Treaster, NYT, C2.
  5. American Standard to sell [DiaSorin medical] unit to group led by SNIA [of Italy for $??], Bloomberg via NYT, C3.
  6. InterGen closes 3-way deal for southern assets [- InterGen will own 4000 miles of Texas pipelines, a natural gas storage facility, & interests in 500 megawatts of power generation capacity in 4 southern states, for $??], by Peter Howe, Boston Globe, C6.
  7. InterGen closes 3-way deal... [- Royal Dutch/Shell will own 68% of InterGen for $??], by Peter Howe, Boston Globe, C6.
8/03/2000  8 takeovers reported, totaling $3.8085B + $undisclosed -
  1. MascoTech to be sold to Heartland Industrial Partners [for $2B], Dow Jones via NYT, C4.
  2. Deal seen for power company [- Scottish Power to sell Powercor Australia to Hong Kong billionaire Li Ka-shing for 690+640= $1,250m], Reuters via NYT, C4.
  3. Universal Music to purchase Rondor Music [for $400m], Reuters via NYT, C4.
  4. Dynegy is acquiring Extant for $152.5m, Bloomberg via NYT, C4.
  5. 2 illustrated-book publishers are combining [- La Martiniere Groupe unit, Harry N. Abrams Inc., to buy Stewart, Tabori & Chang, including Golden Turtle Press, for $6m], by David Kirkpatrick, NYT, C6.
  6. 2 big shareholder-relations companies merging [- Georgeson Shareholder Communications bought Corporate Investor Communications for $??], by Andrew Sorkin, NYT, C6.
  7. Nestle to sell frozen potato operations in U.S. [to J R Simplot for $??], Agence France Presse via NYT, C4.
  8. Boeing to buy publisher of aviation manuals [Continental Graphics, for $??], AP via NYT, C4.
8/02/2000  9 takeovers reported, totaling $500.5m + $undisclosed -
with so many takeovers, day after day after day, there must be a lot of bored (or scared?) CEOs out there who just want to cash out & feather (or armorplate?) their own nests - to hell with providing secure employment for others (- thus the danger mounts) -
  1. Intel to buy Trillium [Digital Systems] for $300m, Bloomberg via NYT, C4.
  2. Terayon [Communication Systems] agrees to buy Mainsail [Networks] for $163m, Bloomberg via NYT, C4.
  3. Arch Chemicals Inc. [spun off last year by Olin, to buy Brooks Industries for $37m], NYT, C4.
  4. Zoom buys certain assets of Boca Research's [Boca Global subsidiary for $0.5m, including its analog modem biz], Dow Jones via Boston Globe, D2.
  5. Cadbury Schweppes' [Dr Pepper/7 Up Bottling Group unit in U.S.] buys southern Texas bottler [Grant-Lydick Beverages Co., for $??], Bloomberg via NYT, C4.
  6. USFreightways' [USF Worldwide Logistics] unit to acquire logistics company [Ultimex Global Logistics of Britain, for $??], Dow Jones via NYT, C4.
  7. Brown Shoe Co. [bought Mil-Mar Shoe for $??], NYT, C4.
  8. Ethan Ellen Interiors Inc. [to buy Dublin, Va. production plant from Pulaski Furniture for $??], NYT, C4.
  9. Celestica buys Bull Electronics of Lowell [Mass., from Bull SA of France for $??], Bloomberg via Boston Globe, D9.
8/01/2000  11 takeovers reported, totaling $13.6563B + $undisclosed -
  1. FPL [Group, for $7B,] to acquire Entergy, forming top electric utility, Reuters via NYT, page C2.
  2. Pearson makes [purchase of] National Computer [Systems for $2.5B], by Geraldine Fabrikant, NYT, C11.
  3. Canadian TV makes a move into papers - CanWest to buy [about half] of the Hollinger empire [for $2.38B], by James Brooke, NYT, C1.
  4. Redback Networks agrees to acquire Abatis Systems [for $676m], Dow Jones via NYT, C4.
  5. Broadcom to buy Altima [Communications for $533m], Reuters via NYT, C10.
  6. SBC [Communications, for $400m,] to sell wireless units in Louisiana to Alltel, Bloomberg via NYT, C4.
  7. Penn National Gaming Inc. [to buy CRC Holdings for $160.3m], NYT, C4.
  8. Innoveda sheds product line, cuts revenue target [- sells VirSim software & assets to Synopsis for $7m], Dow Jones via Boston Globe, F7.
  9. First Union sells branches in Tennessee to Firstar [for $??], Bloomberg via NYT, C4.
  10. Journal Register Co. [to sell The Telegraph of Alton, Ill., to Freedom Communications for $??], NYT, C4.
  11. Chicago law firm makes New York deal [- Winston & Strawn to take over NYC office of Whitman Breed Abbott & Morgan for $??], by Kruti Trivedi, NYT, C5.
For earlier Mergers&Acquisitions, click on the desired date -
  • July/2000
  • 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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