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[Commentary] ©2001 Phil Hyde, The Timesizing Wire, Box 622, Cambridge MA 02140 USA (617) 623-8080 - Homepage


Mergers&Acquisitions - Jan-Mar, 2001

3/31/2001  4 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $2.758B -
  1. GE Capital agrees to buy Franchise Finance Corp. of America for $1.4B, Bloomberg via NYT, B3.
  2. Cendant in $690m all-cash deal for Fairfield Communities, Reuters via NYT, B4.
  3. SAP, a software maker, is set to purchase TopTier Software for $400m, Bloomberg via NYT, B3.
  4. Pure Resources makes deal to buy Hallwood Energy for $268m, Bloomberg via NYT, B3.

3/30/2001  2 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $434m + $undisclosed -

  1. Dow Chemical agrees to buy Ascot, a British rival, for $434m, Bloomberg via NYT, C4.
  2. Sensormatic Electronics Corp. bought Richmond Security for $??, NYT, C4.
3/29/2001  9 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $1.455B + $$undisclosed -
  1. Vintage Petroleum increases its holdings in Canada with purchase of Genesis Exporation for $572m, Dow Jones via NYT, C4.
  2. European utility Nuon of Netherlands will buy Utilities Inc. for $400m, Reuters via NYT, C4.
  3. Sage Group of England buys Interact Commerce Corp. of Ariz. for $260m, by Catherine Greenman, NYT, C6.
  4. New Hampshire TV station WMUR-TV is sold to Hearst-Argyle Television for $185m, Bloomberg via NYT, C4.
  5. Thermaltec International Corp. to but 19 health care companies for $20m, NYT, C4.
  6. Federal -Mogul Holding Deutschland to buy 85% of WSK Gorzyce from Poland for $18m, NYT, C4.
  7. Dutch company Van der Moolen Holding buys 51% of Amex specialist and market maker Cohen Duffy McGowan & Co. for $??, Bloomberg via NYT, C4.
  8. Web site developer Infonautics to be acquired by Tucows of Toronto for $??, by Chris Gaither, NYT, C6.
  9. Etc. - Engage Inc. of Mass. to sell its Internet Profiles Corp. to TropicalNet Inc. for $??, Globe staff & wire services via BG, C7.
3/28/2001  6 more takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $6.0631B + $undisclosed -
  1. Belgian firm Societe Europeenne des Satellites seen buying GE's satellite unit for $5B, Bloomberg, BG, D2.
  2. New York Community Bancorp to acquire Richmond County Financial Corp. for $802m, by Andrew Sorkin, NYT, C4.
  3. Telenor buying Lockheed Martin's Comsat Mobile Communications unit for $116.5m, Dow Jones via NYT, C4.
  4. Williams Communications sells Canadian business service unit to Telus Corp. for $100m, by Tim Pritchard, NYT, C4.
  5. Dylex Ltd. of Toronto to be bought by Hardof Wolf Group for $44.6m, NYT, C4.
  6. Kodak now has bought earth image processing, geo-info systems & mapping businesses of Groupe Hauts-Monts for $??, Reuters via NYT, C4.
3/27/2001  6 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $12.841B + $undisclosed -
  1. Johnson & Johnson reportedly in $11.6B deal to buy Alza Corp., AP via BG, F2. [Confirmed by "Johnson & Johnson gets approval for $14B Alza purchase," Bloomberg via 5/11/01 NYT, C4.]
  2. LSI Logic to buy C-Cube Microsystems for $878m, by Laurie Flynn, NYT, C4.
  3. ICO to sell oilfield services business to Varco International for $165m, Bloomberg via NYT, C4.
  4. SPX says it will acquire VSI Holdings for $146m, Bloomberg via NYT, C4.
  5. Constellation Brands' Canandaigua Wine unit acquiring 3 Northwest US and 1 Australian wine brands from Corus for $52m, Bloomberg via NYT, C4.
  6. Sears says it will acquire 28 Montgomery Ward sites for $??, AP via NYT, C4.
3/26/2001  1 weekend takeover cited in NY Times (NYT) or Boston Globe (BG), totaling $8.55B -
3/24/2001  2 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $257.5m -
  1. Micron Electronics is set to acquire Interland for $130m, Reuters via NYT, B3.
  2. Wells Fargo to purchase H.D. Vest for $127.5m, Bloomberg via NYT, B3.
3/23/2001  4 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $740m + $undisclosed -
  1. Avnet to acquire Kent Electronics, a competitor, for $600m, Reuters via NYT, C4.
  2. AT&T is acquiring nearly all assets of bankrupt ISP, NorthPoint Communications, for , AP via NYT, C4.$135m
  3. Tweeter Home Entertainment Group buys Calif. company The Video Scene for 4+1= $5m, Bloomberg via BG, D5.
  4. Sara Lee is selling its Champion Europe athletic apparel unit to some of unit's managers for $?? & its majority stake in Coach Inc., Bloomberg via NYT, C4.
3/22/2001  10 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $1.3585B + $$undisclosed -
  1. Auto parts maker acquired - ThyssenKrupp to buy suspension-making unit of Fiat's Magneti Marelli auto components subsidiary for $500m, Bloomberg via NYT, W1.
  2. Owens-Illinois to sell its Harbor Capital Advisors money-management unit to Robeco Groep of Holland for $490m, Bloomberg via NYT, C4.
  3. Citrix Systems buying software maker Sequoia Software for $184.6m, by Chris Gaither, NYT, C4.
  4. Collins & Aikman to acquire Becker Group, a plastics maker, for $141m, Reuters via NYT, C4.
  5. Guitar Center Inc. to buy American Music Group for $32.9m, NYT, C4.
  6. ATI Technologies Inc. of Markham ONT to buy FGL Graphics of Santa Clara CAL for $10m, NYT, C4.
  7. Canada Life Financial Corp. of Toronto to buy group life & health insurance business from Ohio National Financial Services of Cincinnati for $??, NYT, C4. [Buying into the American health insurance morass at the beginning of a depression? Canada Life has a death wish.]
  8. Interactive agencies involved in 2 mergers - e.g., Leo Burnett Group UK increased its ownership in Hard Reality from a minority to a 100% stake for $??, by Bernard Stamler, NYT, C6.
  9. Interactive agencies involved in 2 mergers - e.g., Expression Engines and Bigfoot Interactive are merging for $??, by Bernard Stamler, NYT, C6.
  10. Goodwin Procter acquires N.Y. firm Schneck Weltman & Hashmall for $??, BG, E7.
3/21/2001  5 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $2.4608B + $undisclosed -
  1. Deutsche Bank unit to pay $2.3B for 3,000 British pubs owned by Whitbread, by Alan Cowell, NYT, W1.
  2. Charter Communications Inc. tot buy cable systems owned by Cable USA in Col., Minn., and Neb. for 44.5+55= $99.5m, NYT, C4.
  3. Curative Health Services Inc. to buy Millennium Health for 32.3+5= $37.3m, NYT, C4.
  4. Pitney Bowes Inc. to buy Alysis Technologies for $24m, NYT, C4.
  5. Intel buys data-storage maker ICP Vortex Computersysteme of Germany for $??, Bloomberg via NYT, C4.
3/20/2001  8 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $2.7385B + $$undisclosed -
  1. Interpublic Group agrees to buy True North Communications for $2.1B, AP via BG, D2.
  2. MBNA to buy Abbey National's credit card business in Britain for $414m, by Alan Cowell, NYT, C4.
  3. Nucor buys Auburn Steel's steel-bar mill assets for $115m, Bloomberg via NYT, C4.
  4. McLeodUSA buying Intelispan for $40m, Bloomberg via NYT, C4.
  5. Diaper maker Drypers is bought by Hong Kong company DSG International for $38.5m, Bloomberg via NYT, C4.
  6. Etc. - Edgewater Technology sold its ClinForce and CFRC businesses to Cross Country TravCorps for $31m, Globe staff & wire services, BG, D7.
  7. Black Box Corp. to buy Michael Electric for $??, NYT, C4.
  8. Palm Inc. buys Maynard MA e-book publisher Peanutpress.com for $??, Reuters via BG, D2.
3/19/2001  1 weekend merger cited in NY Times (NYT) or Boston Globe (BG), settled in share percentages -
3/17/2001  4 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $1.0425m + $undisclosed -
  1. Enbridge, Canadian oil concern, expanding in U.S. with 350+250= $600m purchase of Midcoast Energy Resources of Houston, by Timothy Pritchard, NYT, B4.
  2. Primedia, magazine publisher, planning to cut 160 jobs after buying About.com for $426m 2 weeks ago [unreported then], Bloomberg via NYT, B4.
  3. Lids Corp. moves to sell nearly all assets to Hat World Corp. for $16.5m, by Chris Reidy, BG, C1.
  4. Azurix Corp. to merge with Enron BW Corp. for $??, NYT, B4.
3/16/2001  2 takeovers cited in NY Times (NYT) & Boston Globe (BG), totaling $$undisclosed -
  1. Penton Media bought Tech Conferences for $??, NYT, C4.
  2. Etc. - Applix to sell all assets of VistaSource subsidiary to Parallax Capital Partners for $??, Globe staff & wire services, BG, F5.
3/15/2001  5 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $132.5m + $$undisclosed -
  1. CKE will sell its Taco Bueno unit for $72.5 million, Bloomberg via NYT, C4.
  2. Van Der Moolen Holding of Amsterdam agrees to buy Scavone McKenna Cloud & Co. for $60m, Bloomberg via NYT, C4.
  3. Wachovia Corp. to buy Hamilton Dorsey Alston for $??, NYT, C4.
  4. Thales increases sales, bought Thales Samsung of South Korea recently for $??, by Suzanne Kapner, NYT, W1.
  5. Thales of France (née Thomson-CSF) bought ADI of Australia recently for $?? (& Racal Electronics of Britain on 1/14/2000), by Suzanne Kapner, NYT, W1.
3/14/2001  13 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $13.7953B + $$undisclosed -
(noted in passing, "Hospital mergers aren't living happily ever after," by Jennifer Steinhauer, NYT, front page) -
  1. Tyco International's deal to buy CIT Group for $9.2B turns heads, by Michael Brick, NYT, C1.
  2. Bank merger in Belgium - big bank Dexia to buy Artesia Banking for $3B, Bloomberg via NYT, W1.
  3. Joint deal for stakes in wireless concerns - Bell Canada International to buy 65% of Telet and Americel, both of Brazil, for $580m, Reuters via NYT, C4.
  4. Royal Bancshares to buy the assets of Crusader Holding's Crusader Bank for $400m, Reuters via NYT, C4.
  5. PSINet sells PSINett Transaction Solutions unit to investment group led by GTCR Golder Rauner for $300m, Bloomberg via NYT, C4.
  6. TransCanada PipeLines to buy International Paper's Curtis Palmer Hydroelectric Co. in NY for $285m, Reuters via NYT, C4.
  7. 2 acquisitions are announced - e.g., Market Facts in Ill. bought Copernicus: The Marketing Investment Strategy Group in Mass. for $16.5m, by Stuart Elliott, NYT, C10.
  8. Reebok International bought operating assets of bankrupt LogoAthletic for $13.8m, NYT, C4.
  9. Nokia to sell 2 manufacturing plants - in Camberley, England & Haukipudas, Finland - to SCI Systems for $??, Reuters via NYT, C4.
  10. Vlasic Foods International to sell off 2 businesses in Britain, Freshbake and SonA, for $??, Reuters via NYT, C4.
  11. Ingersoll-Rand Co. bought Taylor Industries for $??, NYT, C4.
  12. 2 acquisitions are announced - e.g., Panoramic Communications in NYC bought Odyssey Systems in Philadelphia for $??, by Stuart Elliott, NYT, C10.
  13. Etc. - Nexus Energyguide of Mass. bought UtilityGuide.com for $??, Globe staff & wire services, BG, D7.
3/13/2001  10 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $28.14135B + $$undisclosed -
  1. British insurer Prudential PLC agrees to buy U.S. company American General for $26.5B, by Treaster & Cowell, NYT, C1.
  2. SPX will acquire United Dominion Industries for $954m, AP via NYT, C4.
  3. Delphi Automotive Systems is buying Eaton's vehicle switch & electronics business for $300m, AP via NYT, C4.
  4. Novell is buying Cambridge Technology Partners for $245m, Bloomberg via NYT, C6.
  5. US Unwired to sell 173 communications towers to SBA Communications for $54.1m, Bloomberg via NYT, C4.
  6. Roy F. Weston Inc. excutives, along with American Capital Strategies affiliates, agree to buy out their company for $51m to take it private, Bloomberg via NYT, C4.
  7. Tesco of Canada sells some assets to Weatherford International for $33m, Reuters via NYT, C4.
  8. Hirsch International Corp. sold its Long Island headquarters to Brandywine Realty Trust for $4.25m, NYT, C4.
  9. British investment firm Stellican acquires Chris-Craft boats from Genmar Holdings for $??, Bloomberg via NYT, C4.
    [It's not clear how or if this relates to "News Corp. said to agree to purchase Chris-Craft [Industries, the TV-station company, for $5.3B]," by Geraldine Fabrikant, NYT, B2 on 8/12/2000.]
  10. Taiwan bank merger - Finance Ministry ordered state-run Bank of Taiwan, Land Bank of Taiwan, and Central Trust of China to merge, for $??, Bloomberg via NYT, W1.
3/10/2001  3 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $142m + $$undisclosed -
  1. Barringer Technologies to acquire Smiths Group for $87m, Reuters via NYT, B3.
  2. Invitrogen agrees to sell operation in Rockville Md. to Human Genome Sciences for $55m, Reuters via NYT, B3.
  3. Jersey's largest utility, Public Service Enterprise Group, agrees to buy 94% stake in Sociedad Austral de Electricidad of Chile for $??, Bloomberg via NYT, B3.
3/09/2001  8 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $2.4325B + $$undisclosed -
  1. J.C. Penney sells two units, direct mktg & life insurance, to Dutch-based Aegon for $1.3B, AP via NYT, C4.
  2. Dow Chemical unit, Dow AgroSciences, to acquire Rohm & Haas' agricultural chemicals subsidiary for $1B, Reuters via NYT, C4.
  3. Converse acquired by Footwear Acquisition for $117.5m, Bloomberg via BG , D5.
  4. Lionbridge buys Data Dimensions for $15m, Dow Jones via BG, D5 (doubly reported by the geniuses at the Globe 6 days later on p.E8: "Lionbridge buys Washington company.")
  5. Alcoa to buy Gentek Holdings, a siding maker, from Genstar Capital for $??, Bloomberg via NYT, C4.
  6. Brunswick Corp. of Ill. bought Princecraft Boats of Que. for $??, NYT, C4.
  7. Internet.com Corp. bought Intermedia Group for $??, NYT, C4.
  8. May Department Stores Co. to buy 13 stores from Montgomery Ward for $??, NYT, C4.
3/08/2001  3 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $$undisclosed -
  1. Pharmacia completes acquisition of Sensus Drug for $??, Reuters via NYT, C4.
  2. Heinz is buying two companies in Costa Rica, e.g., Productos Columbia for $??, AP via NYT, C4.
  3. Heinz is buying two companies in Costa Rica, e.g., Distribuidora Banquete for $??, AP via NYT, C4.
3/07/2001  6 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $2.3652B + $undisclosed -
  1. Fletcher Challenge shareholders accept $1.67B bid by Royal Dutch/Shell and Apache Corp. for their New Zealand energy unit, Bloomberg via NYT, W1.
  2. Convergys of Cincinnati buying British software maker, Geneva Technology, for $678m, by Andrew Sorkin, NYT, C7.
  3. PurchasePro.com to buy BayBuilder for $15m, NYT, C6.
  4. Simex of Singapore to buy Iwerks Entertainment of Calif. for $2.2m, NYT, C6.
  5. Bank of New York bought corporate trust business of former Summit Bancorp, now merged with FleetBoston Financial, for $??, NYT, C6.
  6. Captivate Network in Mass. buys Narrowcast Communications of Toronto, known as Elevator News Network, for $??, by Stuart Elliott, NYT, C6.
3/06/2001  7 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $218.9m + $undisclosed -
  1. First Virginia Banks to buy James River Bankshares for $107.1m, Bloomberg via NYT, C4.
  2. Boston Scientific acquires Utah firm Catheter Innovations for $50m, by Ronald Rosenberg, BG, C9.
  3. Praxair Distribution to acquire Interwest Home Medical for $42m, Reuters via NYT, C4.
  4. Comtech Telecommunications to buy MPD Technologies unit for $11m, Bloomberg via NYT, C10.
  5. Two ad agencies to be acquired - eg: Change Technology Partners is buying Iguana Studios for $8.8m, by Jane Levere, NYT, C10.
  6. Two agencies to be acquired - eg: Pickett Advertising bought Winkler Advertising for $??, by Jane Levere, NYT, C10.
  7. PerkinElmer Inc. to buy Analytical Automation Specialists for $??, NYT, C4.
3/05/2001  1 weekend takeover cited in NY Times (NYT) or Boston Globe (BG), totaling $300m - 3/3/2001  9 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $430m + $undisclosed -
  1. Bank of Montreal expanding Chicago-area business by buying First National Bank of Joliet, Ill. for $220m, by Timothy Pritchard, NYT, B3.
  2. Atlantic Coast Airlines Holdings to buy UAL Corp's 3 regional airlines for $200m - Allegheny, Piedmont, and PSA, Reuters via NYT, B3.
  3. Johnson & Johnson buys BabyCenter from eToys for $10m, Bloomberg via NYT, B3.
  4. UPS reaches agreement to purchase Mail Boxes Etc. for $??, Reuters via NYT, B3.
  5. US Foodservice agrees to buy Mutual Wholesale for $??, Bloomberg via NYT, B3.
  6. Kraft Foods Inc. of Ill. bought Societe des Cafes Ennasr of Morocco for $??, NYT, B3.
  7. Price Chopper is buying Grand Union stores in Guilderland, Malta & Chatham NY for $??, NYT, B3.
  8. Clarke and Co. buys Jackson & Co. for $??, by Michael Rosenwald, BG, C1.
  9. John Hancock Financial Services to sell retirement plan record-keeping division to Universal Pensions Inc. for $??, by Scott Nelson, BG, C1.
3/02/2001  4 more takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $1.225B + $undisclosed -
  1. J.P. Morgan Chase buys Advanta mortgage unit for more than $1B, Bloomberg via NYT, C3. (this was originally announced on 1/09 in "J.P. Morgan Chase unit buys Advanta mortgage unit [for $??]," Reuters via 1/09/2001 NYT, C4)
  2. Plains All American Pipeline to buy Murphy Oil's Canadian oil pipeline & trucking business for $155m, Reuters via NYT, C3.
  3. Kaydon buys ACE Controls and ACE Controls International for $70m, Bloomberg via NYT, C3.
  4. NRG Energy Inc. to buy natural-gas-fired Audrain plant in central Missouri from Duke Energy for $??, NYT, C3.
3/01/2001  4 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $1.836B + $$undisclosed -
  1. Charter Communications to buy AT&T Broadband units in 3 regions, St. Louis, Selma & Reno, for $1.79B, AP via NYT, C4.
  2. Etc. - iBasis of Burlington MA bought PriceInteractive of VA for $46m + $unspecified, Globe staff, BG, D9.
  3. Icon MediaLab International in Stockholm will sell its BrandLab unit to InterPublic's FutureBrand division for $??, by Julian Barnes, NYT, C1.
  4. Boston Scientific to buy Quanam Medical for $??, by Ronald Rosenberg, BG, D3.
2/28/2001  6 more takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $7.569B + $$undisclosed -
  1. 2 big investors, Leucadia National and Berkshire Hathaway, to take over bankrupt Finova Group, for $6B loan, by Riva Atlas, NYT, C1.
  2. Rosemount Winery in Australia purchased by Southcorp for $787m, by Becky Gaylord, NYT, W1.
  3. 94¾% of Yorkshire Power Group in UK bought by Innogy Holdings for $735m from American Electric Power and Xcel Energy, by Suzanne Kapner, NYT, W1.
  4. Linux distributor Red Hat Inc. buys a network consultant Planning Technologies for $47m, Bloomberg via NYT, C4.
  5. Ashland Inc. to buy Neste Polyester unit of Neste Chemicals Oy for $??, NYT, C4.
  6. Stop & Shop to take over Flanagan's in S. Boston for $??, by Michael Rosenwald, BG, F5.
2/27/2001  6 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $519.5m + $undisclosed -
  1. Collins & Aikman Inc. sold 60% stake in itself to David Stockman's Heartland Industrial Partners for $260m, NYT, C4.
  2. ESC Medical agrees to purchase unit of Coherent for $203m, Bloomberg via NYT, C4.
  3. Sara Lee Corp. of Chicago to sell Sara Lee Apparel Australasia of NSW to Pacific Dunlop of Melbourne for $31.5m, NYT, C4.
  4. Luxottica to acquire First American Health Concepts for $25m, Reuters via NYT, C4.
  5. Homestore.com Inc. to buy all Homebid.com's assets for $??, NYT, C4.
  6. One merger falters, but second forges on - Just Partners and Work will merge for $?? under holding company Just Partners as Work ad agency, by Stuart Elliott, NYT, C6.
2/26/2001  4 weekend takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $365m + $undisclosed -
  1. Blum Capital Partners, Freeman Splogli & Co. and some of CB Richard's managers to buy CB Richard Ellis real estate company for $350m, Reuters via NYT, C16.
  2. Radius Capital Partners acquires 3 local tech firms - e.g., Database Technologies & following firm for $15m, by Ross Kerber, BG, C1.
  3. Radius acquires 3 local tech firms - e.g., InnerVision Technologies, by Ross Kerber, BG, C1.
  4. Radius acquires 3 local tech firms - e.g., Gooseworks, for $??, by Ross Kerber, BG, C1.
2/24/2001  3 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $4.603B + $undisclosed -
  1. Equity Office Properties Trust agrees to buy Spieker Properties for $4.5B, Reuters via NYT, B3.
  2. A symbolic family deal in Hong Kong - Hutchison Whampoa will sell tiny satellite comms provider to Pacific Century Cyberworks for $103m, pointer digest (to B2), NYT, B1.
  3. DoubleClick, an online advertiser, adds FloNetwork for $??, Reuters via NYT, B3.
2/23/2001  6 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $9.581B + $undisclosed -
  1. Swedish banking merger - SEB to merge with Swedbank for $7.4B, by Suzanne Kapner, NYT, W1.
  2. Siemens buying modem maker Efficient Networks for $1.5B, by Simon Romero, NYT, C4.
  3. Luxottica Group agrees to buy Sunglass Hut for $462m, Reuters via NYT, C4.
  4. UbiquiTel buying VIA Wireless for 119+25+ $144m, by Chris Gaither, NYT, C4.
  5. Boston Scientific agrees to 2nd acquisition in a week - Embolic Protection for $75m, Bloomberg via NYT, C4.
  6. Hill Holiday Connors Cosmopulos buys San Francisco ad agency SF Interactive for $??, by Chris Reidy, BG, C5.
2/22/2001  2 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $438.72m -
  1. CGI Group Inc. of Montreal to buy rival IMRglobal of Florida for $438m, NYT, C4.
  2. PediaNet.com Inc. to buy DrPaula.com for $720,000, NYT, C4.
2/21/2001  4 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $1.323B + $undisclosed -
  1. Amerada Hess buying Gulf Coast exploration & production properties of Liog Exploration for $750m, Dow Jones via NYT, C4.
  2. Sybase buying New Era of Networks for $373m, Bloomberg via NYT, C4.
  3. Celestica of Canada buying Avaya mfg plants in Col. & Ark. for $200m, Tim Pritchard, NYT, C7.
  4. Marc Rich & Co. Investment is selling out to Russian Alfa Group's Crown Resources for $??, Olson & Tavernise, NYT, C4.
2/20/2001  3 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $9.06B -
  1. France's Usinor to acquire 2 rivals for $5.9B in cash & debt -Spain's Aceralia Cp. Siderurgica and Luxembourg's Arbed, to create world's largest steelmaker, by Jon Hurdle, BG, C1.
  2. Purchase of banking unit confirmed - George Weston Ltd. of Canada to buy Unilever's Bestfoods unit for $1.76B, by Tim Pritchard, NYT, C4.
  3. Energy East agrees to buy RGS Energy in a $1.4B deal, by Andrew Sorkin, C1.
2/18/2001  1 weekend takeover reported in NY Times (NYT) or Boston Globe (BG), totaling $192m - 2/17/2001  5 takeovers reported in NY Times (NYT) & Boston Globe (BG), totaling $1.0713B + $$undisclosed -
[We continue our acceleration of this report by making a more general, less exact reference to the actual headlines on the newspaper pages. Readers looking for the original articles may occasionally have to comb a little more carefully through the page given in order to find them.]
  1. Credit Suisse Group sells Winterthur International insurance unit to XL Capital of Bermuda for $600m, Bloomberg via NYT, B2.
  2. P T Indosat expands holdings by buying 70% stake in P T Bimagraha Telekomindo for $260.4m, thus raising its stake in Satelindo aka P T Satelit Palapa Indonesia to 61.5%, Bloomberg via NYT, B2.
  3. Vicorp Restaurants has agreed to a $174m buyout by investor group that includes BancBoston Capital and Goldner Hawn Johnson & Morrison, Bloomberg via NYT, B3.
  4. Starbase Corp. will buy Technology Builders for $36.9m, NYT, B3.
  5. Etc. - Hutchins Wheeler & Dittner to be bought by Kirkland & Ellis for $??, BG, C1.
2/16/2001  8 takeovers reported in NY Times (NYT) & Boston Globe (BG), totaling $18.356B + $$undisclosed -
  1. Anglo American to buy De Beers [for $17.6B], AP via BG, F2.
  2. Boston Scientific agrees to acquire Interventional [Technologies for $345m + $performance-tied], Reuters via NYT, C4.
  3. Iona [Technologies] and NetFish [Technologies, for $270m] to merge, Dow Jones via NYT, C3.
  4. Pediatrix Medical [Group] is buying Magella [Healthcare] for $141m, Bloomberg via NYT, C4.
  5. U.S. Concrete [bought Blue Circle Materials for $??], NYT, C4.
  6. [2 wks after buying over 100 Boston-area community newspapers, Boston] Herald publisher buys 7 more weeklies for $?? - Needham Times, Natick Bulletin, Dover-Sherborn Press, Medfield Press, Westwood Press, Millis Press, and Norfolk Press], by Jerry Ackerman, BG, F3.
  7. Asia-Pacific is hot spot for 3 agency deals [- e.g. Ogilvy & Mather Worldwide in NYC bought Maxx Marketing in Hong Kong], by Patricia Lauro, NYT, C4.
  8. Asia-Pacific is hot spot for 3 agency deals [- e.g. Starcom Worldwide in Chicago is combining its office in Sydney, Australia with offices of 3 Dentsu units - AIS Media, Fusion Strategy & Total Media - & renaming it Starcom Australia], by Patricia Lauro, NYT, C4.
2/15/2001  7 takeovers reported in NY Times (NYT) & Boston Globe (BG), totaling $1.2613B + $$undisclosed -
  1. Bass selling pubs to Japanese investment bank [Nomura, for $908m], Reuters via NYT, C4.
  2. Microsoft deal raises eyebrows - Justice [Dept.] investigates antitrust concerns of $135m Corel deal, by Jube Shiver, LA Times via BG, D1.
  3. CAE [of Toronto] buying BAE Systems North America's American flight training unit for $80m], Bloomberg via NYT, C4.
  4. Cardiac Science inc. [to buy Survivalink for $71m], NYT, C4.
  5. Ameritrade [Holding], in acquisition, seeks institutional clients [by buying TradeCast for $67.3m], Bloomberg via NYT, C4.
  6. Harris [Interactive] bought Yankelovich [Partners' custom-research division for $??], by Andrew Zipern, NYT, C8.
  7. Etc. [- Thermo Fibertek's Thermo Fibergen unit bought remaining 49% stake in Next Fiber Products for $??], Globe wire services via BG, D7.
2/14/2001  3 takeovers reported in NY Times (NYT) & Boston Globe (BG), totaling $365m + $undisclosed -
  1. Thermo Electron Corp. [will sell Thermo Ecoteck power-generation unit to AES for $195m], NYT, C4.
  2. North Fork Bancorp buys a New York City bank [Commercial Bank of New York, for $170m], Reuters via NYT, C4.
  3. CMGI sells majority stake in music unit [Signatures SNI, to unit's mgmt for $??] , Bloomberg via BG, D9.
2/13/2001  16 takeovers reported (in NY Times & Boston Globe), totaling $13.7164B + $$undisclosed -
  1. Potomac Electric [Power] to buy Delaware utility [Conectiv, for $5.4B], Bloomberg via NYT, C4.
  2. Schlumberger to acquire Sema [for $5.3B], Bloomberg via NYT, C4.
  3. E.A.B. [$1.6B European American Bank] purchase lets Citibank expand Long Island presence, by Suzanne Kapner, NYT, W1.
  4. Anadarko [Petroleum] makes Berkley [Petroleum purchase for $777m], by Timothy Pritchard, NYT, W1.
  5. Catering merger [- Compass Group to buy Selecta Group for $542m], Reuters via NYT, W1.
  6. Canadian cable TV deal [- Alliance Atlantis Communications to buy Salter Street Films for $46.7m], Bloomberg via NYT, C5.
  7. Etc. [- Bisys Group to buy Boston Institutional Group for $35m], Globe wire services via Boston Globe, C6.
  8. Etc. [- Convergis bought 2 help-desk technical support centers from Keane for $15.7m], Globe wire services via Boston Globe, C6.
  9. Google gets Deja.com's Usenet [discussion service as well as related software, domain names, trademarks & other intellectual property, for $??], AP via NYT, C4.
  10. New Zealand winery bought [- Lion Nathan bought an additional $$?? 4.5% of Montana Group for a total 51% stake], Reuters via NYT, W1.
  11. Recticel [of Brussels sold a U.S. unit, Soundcoat, to Bay Industries for $??], NYT, C4.
  12. Electronic Data Systems Corp. [bought TransAlliance for $??], NYT, C4.
  13. 3 agencies announce expansion moves [e.g., Kupper Parker Communications to buy Christopher Thomas Assocs. for $??], by Stuart Elliott, NYT, C7.
  14. 3 agencies announce expansion moves [e.g., Wolf Group in Toronto bought National Yellow Pages Marketing Programs in Atlanta for $??], by Stuart Elliott, NYT, C7.
  15. 3 agencies announce expansion moves [e.g., Omnicom Group's Diversified Agency Services unit bought Matthews Media Group for $??], by Stuart Elliott, NYT, C7.
  16. Etc. [- Liberty Mutual Group bought Colmena Seguros of Colombia for $??], Globe wire services via Boston Globe, C6.
2/10/2001  7 takeovers reported (in NY Times & Boston Globe), totaling $885m + $$undisclosed -
  1. Dow Chemical makes [$370m] deal for unit of Enichem of Italy, Bloomberg via NYT, B3.
  2. Children's TV show bought [- Lyrick Corp., maker of "Barney and friends," bought by HIT Entertainment of Britain for $275m], AP via NYT, B2.
  3. Philippine broadcasting stake [- 2/3 stake in GMA Network bought by Philippine Long Distance Telephone for $175m], Reuters via NYT, B2.
  4. New Valley Corp. [of Miami and Berliner Effektengesellschaft will sell Ladenburg Thalmann & Co. of NYC to GBI Capital Management for $65m], NYT, B3.
  5. Kodak to buy Hicks Equipment Co. for undisclosed sum, Bloomberg via NYT, B3.
  6. Heinz sells budget [All American] Gourmet frozen lines to Luigino's [for $??], Bloomberg via NYT, B3.
  7. Pernod [Ricard] sales increase [as it sells fruit preparation unit, British-Irish wholesaler and other divisions for $?? to help pay for purchase of several Seagram brands], Bloomberg via NYT, B2.
2/09/2001  10 takeovers reported (in NY Times & Boston Globe), totaling $2.0554B + $$undisclosed -
  1. Calpine to buy Canadian natural gas supplier [Encal Energy, for $1.2B], by Timothy Pritchard, NYT, C3.
  2. FreeMarkets buying Adexa [for $340m], by Catherine Greenman, NYT, C4.
  3. American Electric Power selling [to Teco Energy, for $265m, 500-megawatt] plant [near Mission,] Texas, Bloomberg via NYT, C3.
  4. Radio One buying rival Blue Chip Broadcasting [for $135m], Bloomberg via NYT, C3.
  5. Connecticut Bancshares acquiring [First Federal] Savings and Loan [Assoc. of East Hartford for $110m], Reuters via NYT, C3.
  6. CollegeLink.com to sell all assets [to TMP Worldwide for $5.4m plus unspecified debt], Bloomberg via Boston Globe, D5.
  7. Flextronics buys components makers [e.g., Wave Optics, for $??], by John Markoff, NYT, C4.
  8. Flextronics buys components makers [e.g., Fico Fiber Optics, for $??], by John Markoff, NYT, C4.
  9. Medallion Financial Corp. [in NYC will buy Taxi Media Network in Tokyo for $??], NYT, C3.
  10. Getinge Industrier [of Sweden bought ALM of France for $??], NYT, C3.
2/08/2001  6 takeovers reported (in NY Times & Boston Globe), totaling $232.9m + $$undisclosed -
  1. Peripherals makers to merge [- Logitech International will buy Labtec for $125m], Reuters via NYT, C5.
  2. Quantum unit [DLT & Storage Systems,] buying British data storage company [M4 Data Holdings, for $56m], Bloomberg via NYT, C4.
  3. Genzyme Transgenics to sell Primedica [to Charles River Laboratories International for $51.9m], by Ronald Rosenberg, Boston Globe, C3.
  4. Perry Ellis buying Bugle Boy name and some operations [for $??], Bloomberg via NYT, C4.
  5. Rogers Corp. [to buy Taconic's printed circuit board business for $??], NYT, C4.
  6. MONY Group [bought Matrix Capital Markets Group for $??], NYT, C4.
2/07/2001  8 takeovers reported (in NY Times & Boston Globe), totaling $19.9814B + $$undisclosed -
  1. Regulators clear JDS [Uniphase $18B] deal [for SDL Inc.], by Andrew Zipern, NYT, C4.
  2. Philippines Coke bottler bought [- San Miguel Corp. and Coca-Cola Co. to buy Coca-Cola Bottlers Philippines from Coca-Cola Amatil Ltd. of Australia for $1.24B, by Mark Landler, NYT, W1.
  3. Compass [Group] buys [Morrison Mgmt Specialists for $563m] to build hospital food business, Bloomberg via NYT, C4.
  4. National Semiconductor buying InnoComm [Wireless for $130m], Bloomberg via NYT, C4.
  5. Havas [Advertising, for $28.4m,] buying [remaining 83% of] Circle.com, by Allison Fass, NYT, C4.
  6. Soros owns 72% stake in Bluefly [Inc. for $20m], AP via Boston Globe, D2.
  7. Royal Ahold will [buy Parkway Food Service for $??,] add over 1,000 food clients in Florida, Bloomberg via NYT, C4.
  8. Philip Morris Cos[' Kraft Foods International unit to buy coffee businesses in Bulgaria and Romania for $??], NYT, C4.
2/06/2001  9 takeovers reported (in NY Times & Boston Globe), totaling $12.303B + $$undisclosed -
  1. Bertelsmann to take over TV group, [RTL Group, for $9B], pointer digest (to W1), NYT, C1.
  2. Halifax [Group] to buy Equitable [Life Assurance Society for $1.5B], by Suzanne Kapner, NYT, W1.
  3. Patterson [Energy, for $1.34B,] agrees to acquire a rival, UTI Energy, Reuters via NYT, C4.
  4. Tyco [International, for $376m,] agrees to buy Scott Technologies, Bloomberg via NYT, C4.
  5. Tyco['s Raychem unit] agrees to buy [General Cable's Pyrotenax unit for $60m], Bloomberg via NYT, C4.
  6. iVillage in deal to buy Women.com [for $27m], pointer digest (to C8), NYT, C1.
  7. Fleet[Boston Financial] will [merge its] Quick & Reilly, Suretrade [units for $??], by Bruce Mohl, Boston Globe, D1.
  8. GMAC Commercial Mortgage [bought Keystone Mortgage Partners for $??], NYT, C4.
  9. General Electric Co. [bought Engineering Design Group for $??], NYT, C4.
2/05/2001  1 weekend takeover reported (in NY Times & Boston Globe), worth $7B -
  1. Phillips [Petroleum] plans to buy Tosco in $7B stock deal, pointer digest (to A18), NYT, C1.
2/03/2001  4 takeovers reported (in NY Times & Boston Globe), totaling $260m + $$undisclosed -
  1. Sale of Grand Union stores approved [- Royal Ahold will take over more than 60 locations for $178m], pointer digest (to A10), NYT, B1.
  2. Book dealers acquisition [- Indigo Books to take over Chapters Inc. for $82m], by Timothy Pritchard, NYT, B2.
  3. Pier 1 Imports agrees to buy Cargo Furniture [for $??], Dow Jones via NYT, B3.
  4. Iona [Technologies] buys software firm [Object Oriented Concepts, for $??], Bloomberg via Boston Globe, F1.
2/2/2001  5 takeovers reported (in NY Times & Boston Globe), totaling $142m + $$undisclosed -
  1. Internet media company [SonicBlue] buys 2 rivals...[e.g, ReplayTV for 120m], by Chris Gaither, NYT, C4.
  2. Checkpoint Systems [bought AW Printing for $14m], NYT, C3.
  3. Internet media company [SonicBlue] buys 2 rivals...[e.g, Sensory Science for $8m], by Chris Gaither, NYT, C4.
  4. Washington Post [Gazette] unit is buying 10 papers in Maryland [including Maryland Independent and Lexington Park Enterprise, from Chesapeake Publishing for $??], Bloomberg via NYT, C3.
  5. Pepsi Bottling [Group] says it is buying California bottler [Pepsi-Cola Bottling of Northern California, for $??], Bloomberg via NYT, C3.
2/01/2001  8 takeovers reported (in NY Times & Boston Globe), totaling $2.091B + $$undisclosed -
  1. Halliburton to sell [95% of] Dresser Equipment [Group] unit [for $1.1B to investment group including Dresser officials, First Reserve and Odyssey Investment Partners], AP via NYT, C4.
  2. Alliant [Techsystems, for $685m] to acquire [Thiokol] Rocket Propulsion unit of Alcoa, AP via NYT, C4.
  3. AmeriGas [Propane] will buy [retail propane distribution] unit of Columbia Energy [Group for $208m], Reuters via NYT, C4.
  4. Charles Schwab and TD Waterhouse buy [Aitken Campbell] brokerage [for $88m from Abbey National], Reuters via NYT, C4.
  5. Chime Communications agrees to purchase LNS [Communication for $10m], by Courtney Kane, NYT, C8.
  6. Journal Register Co. [to buy Penn. & NJ regions of Mid-Atlantic div. of Chesapeake Publishing for $??], NYT, C4.
  7. Vishay Intertechnology Inc. bought Tansitor Electronics for $??], NYT, C4.
  8. CarsDirect.com buying a rival [Greenlight.com, for $??], AP via NYT, C4.
1/31/2001  10 takeovers reported (in NY Times & Boston Globe), totaling $1.238B + $$undisclosed -
  1. Canadian [National] Railway to buy Wisconsin Central [Transportation for $800m], Bloomberg via NYT, C4.
  2. Saks to sell 9 stores to May [Dept. Stores] Co. for $310m, AP via NYT, C4.
  3. Raytheon sells recreational [products] unit [of its subsidiary, Raytheon Marine Co.] for $108m, Reuters via NYT, C4.
  4. FirePond buys Calif. company [Brightware, for $20m], Dow Jones via NYT, C4.
  5. HSBC buys [13 Barclay's Bank] units in Greece, Bridge News via NYT, W1.
  6. ConAgra [Foods] buys [for $??, Artel] in Canada, AP via NYT, C7.
  7. Several agencies make acquisitions [for $?? - e.g., J. Walter Thompson bought Black Cat Holdings], by Stuart Elliott, NYT, C8.
  8. Several agencies make acquisitions [for $?? - e.g., GCI Group bought Tunheim Group], by Stuart Elliott, NYT, C8.
  9. Several agencies make acquisitions [for $?? - e.g., Ketchum to buy Washington Group], by Stuart Elliott, NYT, C8.
  10. Several agencies make acquisitions [for $?? - e.g., Array Marketing Group is buying IDMD], by Stuart Elliott, NYT, C8.
1/30/2001  7 takeovers reported (in NY Times & Boston Globe), totaling $6.2758B + $$undisclosed -
  1. Ariba to buy Agile Software [for $2.55B], by Laurie Flynn, NYT, C6.
    [This deal was scrapped on 4/03/2001.]
  2. Maxim [Integrated Products, for $2.5B,] to buy Dallas Semiconductor, by Judith Berck, NYT, C6.
  3. Some brands [e.g., Oxo] to be sold by Unilever - $920m deal with Campbell Soup, by Alan Cowell, NYT, W1.
  4. Goldman Sachs agrees to buy market maker [Benjamin Jacobson & Sons for $250m], Bloomberg via NYT, C4.
  5. Canadian airline acquisition [- Canada 3000 to buy Royal Aviation for C$84m= $55.8m], by Timothy Pritchard, NYT, W1.
  6. Sovereign [Bancorp] to sell 18 offices to Fulton Financial [for $??], Bloomberg via NYT, C4.
  7. Convergent [Communications] fires 160 workers [after selling telephone unit to Inter-Tel for $??], Bloomberg via NYT, C6.
1/29/2001  4 takeovers reported (in NY Times & Boston Globe), totaling $51m + $$undisclosed -
  1. Deal-making season is in full swing [e.g., Havas Advertising in Paris is gaining full control of Media Planning Group in Barcelona by buying the last 55% for $51m + $unspecified], by Patrick McGeehan, NYT, C19.
    ["In full swing" only if you're leading from behind like the advertising industry.]
  2. Deal-making season is in full swing [e.g., FutureBrand in New York bought English & Pockett in London for $??], by Patrick McGeehan, NYT, C19.
  3. Deal-making season is in full swing [e.g., BBDO Asia Pacific in Hong Kong bought majority stake in Dongbang Communications from Pacific Corp. for $??], by Patrick McGeehan, NYT, C19.
    ["Dongbang"?! - somebody get over there and talk to these people!]
  4. Deal-making season is in full swing [e.g., TBWA Worldwide in NYC bought Capsula in Sao Paulo and Bryant Fulton & Shee in Vancouver for $??], by Patrick McGeehan, NYT, C19.
1/27/2001  5 takeovers reported (in NY Times & Boston Globe), totaling $3.015B + $$undisclosed -
  1. Royal Bank of Canada to buy Centura Banks [for $2.3B], by Timothy Pritchard, NYT, B3.
    ...With limited opportunities for Canada's six dominant banks to grow at home, the Royal Bank has been pursuing acquisitions in the U.S....
    [How about reinvesting it in their domestic markets via their own employees by shortening their hours and raising their pay?! Funny how desperately unimaginative most CEOs are. The last people they think of reinvesting in are their own people, their team, their coworkers, the people right beside them - the people who make up their own best markets. The first CEOs who start doing this will change the world, because like Henry Ford in 1914 offering twice the going wage to his autoworkers so they could afford their own products, everyone will want to work for them. And if they cut the workweek, they will begin to realize efficiencies from motivated and well-rested employees that their competitors cannot match, just as Lincoln Electric has and Kellogg's would have too if their employees hadn't gotten greedy and wanted not only more free time than anybody else but more of management's prerogative, worktime control.]
  2. Sanmina to buy rival [Segerstroem & Svenson, for $502.7m] in Sweden, Bloomberg via NYT, B2.
  3. Johnson & Johnson to acquire Heartport [for $81m], Reuters via NYT, B3.
  4. WebMethods Inc. [to buy IntelliFrame Corp. for $31.3m], NYT, B3.
  5. Procter & Gamble sells its Spic and Span brand [for $??], AP via NYT, B3.
1/26/2001  4 takeovers reported (in NY Times & Boston Globe), totaling $1.24B + $$undisclosed -
  1. Hartford [Financial Services] is buying Fortis [Financial Group] unit for $1.1 billion, Bloomberg via NYT, C3.
  2. Bellwether Exploration [to buy Bargo Energy for 60+80= $140m], NYT, C3.
  3. WPP expands by combining 4 ad agencies [that it owned or worked with in UK, US & Singapore, for $?? - Batey Advertising, Cole & Weber, Conquest, and Perspectives], by Stuart Elliott, NYT, W1.
  4. Merged company is called Imerge [- September's merger of BioTransplant and Novartis Pharma, for $??], by Ronald Rosenberg, Boston Globe, C5 [but not picked up or counted then].
1/25/2001  5 takeovers reported (in NY Times & Boston Globe), totaling $2.0775B + $$undisclosed -
  1. BB&T to acquire 2 more banks in Southeast [e.g., F&M National for $1.17B], Bloomberg via NYT, C4.
  2. Well-known skyscraper [Citigroup Center] is sold to a little-known but well-financed family [Eric & Richard Hader, for $725m], by Charles Bagli, NYT, A25.
  3. BB&T to acquire 2 more banks in Southeast [e.g., Virginia Capital Bancshares for $180.5m], Bloomberg via NYT, C4.
  4. Pseudo.com, failed online TV network, is sold for fraction of what it spent [$2m, to INTV], by Jayson Blair [=‘Times reporter who resigned leaves long trail of deception,’ 5/11/2003 NYT, A1], NYT, A23.
  5. Kimberly-Clark to buy Italian diaper manufacturer [Linostar, from Bolton Group, for $??], Bloomberg via NYT, C4.
1/24/2001  5 takeovers reported (in NY Times & Boston Globe), totaling $2.7764B + $$undisclosed -
  1. [Heartland Industrial Partners makes] MascoTech change its name [to Metaldyne] and merge with 2 other [Heartland acquisitions - Simpson Industries and Global Metal Technologies - for $2B], Bloomberg via NYT, C4.
  2. Hormel Foods is planning to buy the Turkey Store [for $334.4m], Reuters via NYT, C4.
  3. Charter One buys Alliance Bancorp for $245m, Bloomberg via NYT, C4.
  4. Insurer sold to British company [- Orient Corp. of Japan sold its Orico Life Insurance unit to Prudential PLC for $197m], by Miki Tanikawa, NYT, W1.
  5. PR firms merge [- GPC International bought Fleishman-Hillard for $??], by Chris Reidy, Boston Globe, D10.
    [This is without exception the worst-written, most confusing little article we have ever seen. Shame on you, Chris Reidy, for putting out this stuff, and shame on the Globe editors for passing it.]
1/23/2001  1 takeover reported (in NY Times & Boston Globe) - 1/20/2001  4 takeovers reported (in NY Times & Boston Globe), totaling $100m + $$undisclosed -
  1. LaBranche [& Co., for $100m] will buy Robb Peck McCooey Financial, Dow Jones via NYT, B3.
  2. Eastman Kodak Co. [to acquire Bremson Inc. for $??], NYT, B3.
  3. Onex Corp. [of Toronto bought I & K Distributors of Ohio for $??], NYT, B3.
  4. Onex Corp. [also bought I & K Distributors of Ohio for $??], NYT, B3.
1/19/2001  Canada day in takeovers, ½ of today's 6 takeovers reported (in NY Times & Boston Globe), all totaling $994.2m + $undisclosed -
  1. [Canada 1 -] Canada oil companies to merge [- Anderson Exploration to buy Numac Oil for $553m, by Tim Pritchard, NYT, W1.
  2. [Canada 2 -] Alberta Energy says it is buying Ballard Petroleum [for $224.2m], Bloomberg via NYT, C3.
  3. [Canada 3 -] White knight for book chain [- BC-based Future Shop retail cptr chain to buy Canada's biggest bk chain, Chapters Inc., for $134m], by Tim Pritchard, NYT, W1.
    [Oops, Future Shop seems to have been bumped by Indigo Books as of 2/03/2001, see above.]
  4. Airgas Inc. [of Pas. will sell CO2 production operations in Miss. to Denbury Resources, Dallas, for $42m], NYT, C3.
  5. Del Monte Foods [of 'Frisco to buy Cal.'s Tri Valley's S&W Foods business for $41m], NYT, C3.
  6. Minnesota Life Insurance [bought Allmerica Financial's 401k business for $??], NYT, C3.
1/18/2001  3 takeovers reported (in NY Times & Boston Globe), totaling $773.2m + $undisclosed -
  1. NetIQ buying WebTrends [for $773.2m], by Laurie Flynn, NYT, C10.
  2. Two groups set agency mergers [e.g., Lowe Group is combining Long Hymes Carr in NC with Mullen in MA for $??], by Stuart Elliott, NYT, C8.
  3. Two groups set agency mergers [e.g., Bcom3 Group is merging Leo Burnett Public Relations into Manning Selvage & Lee for $??, by Stuart Elliott, NYT, C8.
1/17/2001  5 takeovers reported (in NY Times & Boston Globe), totaling $669m + $undisclosed -
  1. Newton MA's Allaire will be acquired by Calif. firm [Macromedia, for $360m], by Ross Kerber, Boston Globe, D3.
  2. Cypress [Semiconductor] buying circuit maker [International Microcircuits, for $125m], Bloomberg via NYT, C3.
  3. Arqule to acquire California company [Camitro, for $106.2m], by Aoki & Rosenberg, Boston Globe, D4.
  4. U.P.S. buys First International Bancorp for $78m, Bloomberg via NYT, C3.
  5. Online ad agencies merge [- Mediapassage of Seattle buys OneMediaPlace of San Francisco, nee AdAuction.com, for $??], by Stuart Elliott, NYT, C3.
1/16/2001  8 takeovers reported (in NY Times & Boston Globe), totaling $23.526B -
  1. Nestlé expected to buy Ralston Purina for $10.1B, by Winter & Sorkin, NYT, C4, C1.
  2. Schneider [Electric] to acquire Legrand [for 6.4+1.4= $7.8B], Bloomberg via NYT, C4.
  3. Forstmann, buyout firm, agrees to buy Citadel Communications [for 1+1= $2B], by Andrew Sorkin, NYT, C1.
  4. Brazil cell phone deal [- Telesp Celular Participacoes to buy Global Telecom for 556+654= $1,210m], by Jennifer Rich, NYT, C4.
  5. A truck leasing company buys another [- Penske Truck Leasing buys Rollins Truck Leasing for $754m], Bloomberg via NYT, C11.
  6. Intel agrees to acquire Xircom [for $748m], by Chris Gaither, NYT, C10.
  7. Italian confectioner [Perfetti SpA, for (2/3)x1= $667m,] buying remain[ing 2/3 of Van Melle NV,] Dutch competitor, by Suzanne Kapner, NYT, C4.
  8. Buyer for Korean telecom unit [- Carlyle Group to buy 71% of Ssangyong Cement's Ssangyong Information & Communications unit for $247m up front + more later if profits double], Bridge News via NYT, C4.
1/13/2001  3 takeovers reported (in NY Times & Boston Globe), totaling $107.5m -
  1. Entergy [Nuclear] to acquire [Vermont Yankee] nuclear plant for $50m, AP via NYT, B3.
  2. Metal Bulletin PLC [metals mkts mags, to buy BCA Publications of Montreal for $47.5m], NYT, B3.
  3. Coca-Cola buys owner of Planet Java coffee, [P.J. Bean Co, for under $10m], AP via NYT, B3.
1/12/2001  only 1 takeover reported (in NY Times & Boston Globe), worth $$undisclosed - 1/11/2001  7 takeovers reported, worth $453.5m + $$undisclosed -
  1. UPS to acquire an international freight company [the Fritz Cos., for $450m], Reuters via NYT, C4.
  2. Regional business in brief...Etc. [- Moldflow of Wayland Ma. to buy Branden Technologies for $3.5m], Boston Globe, E9.
  3. Sunoco [of Philadelphia to buy Tosco of Conn. for $??], NYT, C4.
  4. Sunoco [to sell lubricant plants in Tulsa OK and Richmond CA to Lubricating Specialties for $??], NYT, C4.
  5. CourtTV buys 2 websites [e.g., thesmokinggun.com, for $??], by Catherine Greenman, NYT, C6.
  6. CourtTV buys 2 websites [e.g., crimelibrary.com, for $??], by Catherine Greenman, NYT, C6.
  7. N.Y. company [Interpublic unit, Jack Morton Worldwide,] buys Planet Interactive [for $??], by Chris Reidy, Boston Globe, E9.
1/10/2001  2 takeovers reported, worth $3.5B + $undisclosed -
  1. TWA to accept AMR buyout [for .5+3= $3.5B], AP via Boston Globe, D2.
  2. Heidelberger Zement A.G. [of Germany took control of PT Indocement Tunggal Prakarsa of Indonesia for $??], NYT, C4.
1/09/2001  8 takeovers reported, worth $8.9385B -
  1. Cement acquisition [- Lafarge of France will buy Blue Circle Industries of UK for $4.6B to form world's biggest cement firm], by Suzanne Kapner, NYT, W1.
  2. Broadcom to acquire ServerWorks [for $1.87B], Bloomberg via NYT, C4.
  3. AT&T [Broadband], cable firm [Cablevision Systems, in franchise swap,] close on $1.2B deal, by Peter Howe, Boston Globe, D1.
  4. Italian concern [Tiscali] is acquiring French Internet business [Liberty Surf for $615m], by John Tagliabue, NYT, W1.
  5. Allegheny Energy to buy Merrill Lynch energy[-trading] unit [for $490m], Bloomberg via NYT, C4.
  6. eBay to buy Korea's Internet Auction [for $120m], Bloomberg via NYT, W1.
  7. Calif. company [Chordiant Software] buys Prime Response [of Mass. for $33m], Boston Globe, D13.
  8. Regional Business in Brief - Etc. [- Boston Private Financial Holdings bought Taylor Investments of NH for $10.5m], Boston Globe, D13. [A ninth takeover of undisclosed value was moved to 3/02/2001 (J.P. Morgan Chase unit buys Advanta mortgage unit [for $??], Reuters via 1/09/2001 NYT, C4).]
1/06/2001  2 takeovers reported, worth $337m -
  1. One Kendall Square [Cambridge MA] sold [for $192m by Beacon Capital Partners to joint venture of Lincoln Property of Dallas & J. E. Robert Cos. of Va.], by Richard Kindleberger, Boston Globe, C1.
  2. Sulzer Medica of Europe adding Intratherapeutics [for $145m], Bloomberg via NYT, B3.
1/05/2001  3 takeovers reported, worth $47.4m + $undisclosed -
  1. TravelNow.com to be acquired [by Hotel Reservations Network for $47.4m], Bloomberg via NYT, C4.
  2. Hartz [Mountain] says it has been acquired by [its] management group [J. W. Childs Assocs., for $??], Bloomberg via NYT, C4.
  3. Deere & Co. [of Ill. bought McGinnis Farms of Ga. for $??], NYT, C4.
1/04/2001  8 takeovers reported, worth $2.0759B + $undisclosed -
  1. Industrial gas deal in Germany [- Allianz and Goldman Sachs Group to buy Aventis' 67% of Messesr Griesham for $1.5B], Bloomberg via NYT, W1.
  2. Bull to sell [CP8 smart-]card unit [to Schlumberger for (286+381)/2= 333.5m], Bloomberg via NYT, W1.
  3. Carlyle Hotel [in NYC] sells for $130m [to Maritz, Wolf & Co.], by Glenn Collins, NYT, A20.
  4. 3Tec Energy Corp. [to buy Classic Resources for $53.5m], NYT, C4.
  5. Liberty Financial wraps up unit sale [- sells Stein Roe & Farnham subsidiary to Stein Roe mgmt & outside investor for $40m], by Scott Nelson, Boston Globe, C7.
  6. Dial and Henckel end their joint venture in Mexico [- Dial sold its interest to Henckel for $18.9m], Bloomberg via NYT, C4.
  7. LaRoche Industries [of Atlanta to sell its chlor-alkali business in La. to Gramercy Chlor-Alkali Corp. for $??], NYT, C4.
  8. Canadian insurer buys N.H. company [- Sun Life Assurance Co. bought Vision Financial for $??], by Scott Nelson, Boston Globe, C7.
1/03/2001  10 takeovers reported, worth $1.124B + $undisclosed -
  1. Gillette unit sale fetches $525m [- Newell Rubbermaid ponies up for Paper Mate, Parker and Waterman pens business], Bloomberg via Boston Globe, C7.
  2. Halliburton buys online unit of Norwegian oil company [Petrobank, for $179m], Bloomberg via NYT, C4.
  3. Rolls [Royce] sells [most of] Vickers [Turbine Components] units [to private equity fund run by Royal Bank of Scotland, for $111m], Bloomberg via NYT, W1.
  4. Incyte [Genomics] to acquire Proteome in $77m deal, by Ronald Rosenberg, Boston Globe, C4.
  5. Tyler Technologies Inc. sold land records business of its Business Resources subsidiary to Affiliated Computer Services, both of Dallas, for $71m], NYT, C4.
  6. Maker of sporting goods, [Brunswick] will sell its bicycle business [to Pacific Cycle for $60m], Bloomberg via NYT, C4.
  7. SBA Communications Corp. [of Fla. bought 127 antenna towers from US Unwired of La. for $40m], NYT, C4.
  8. Intergraph Corp. [of Ala. sold 3 engineering-software product lines to Bentley Systems of Pa. for $40m], NYT, C4.
  9. Ezenia [of Ma.] buys Colo. company, [a business unit of General Dynamics, for $21m], by Ross Kerber, Boston Globe, C7.
  10. Ferro Corp. [of Cleveland bought EMCA-Remex unit of National Starch & Chemical of NJ for $??], NYT, C4.
1/02/2001  1 takeover reported, worth $4.7B - For earlier Mergers&Acquisitions, click on the desired date -
  • Dec/2000
  • Oct-Nov/2000
  • Aug-Sept/2000
  • 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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