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


Mergers&Acquisitions - Apr-Jun, 2001

6/30/2001  6 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $1.394B + $$undisclosed -
  1. Barr Laboratories to buy Duramed Pharmaceuticals for $589m, Reuters via NYT, B3.
  2. Monster.com parent in $460m deal for Hotjobs.com, NYT, B2.
  3. Tommy Hilfiger agrees to buy T. H. International for $230m, Bloomberg via NYT, B3.
  4. Boston Scientific to acquire Cardiac Pathways for $115m, Bloomberg via NYT, B3.
  5. Tyco International Ltd. to buy Edison Select security unit of Edison International for $??, NYT, B3.
  6. Russian government wins vote for control of Gazprom board for $??, by Sabrina Tavernise, NYT, B2.
6/29/2001  8 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $1.963B + $$undisclosed -
  1. Czechs pick $1.01B French bid from Societe Generale for control of big bank Komercni Banka, by Peter Green via NYT, W1.
  2. Schlumberger to sell natural gas unit to Hanover Compressor for $761m, Bloomberg via NYT, C4.
  3. Dianon Systems to buy Urocor for $180m in stock, Reuters via NYT, C4.
  4. Yahoo buys a music service, Launch Media, for $12m, by Laurie Flynn, NYT, C2.
  5. Acquisitions made here and overseas - E.g., SBi in Salt Lake City is buying the NYC office of MarchFirst, which is liquidating, for $??, by Stuart Elliott via NYT, C4.
  6. Acquisitions made here and overseas - E.g., Hawkeye Communications in NYC bought Custometrics in London, by Stuart Elliott via NYT, C4.
  7. Acquisitions made here and overseas - E.g., Velocity Sports & Entertainment is buying Sponsorship Research International, both in Conn., for $??, by Stuart Elliott via NYT, C4.
  8. Acquisitions made here and overseas - E.g., WPP Group in London bought 75% of QCI Assessment in England for $??, by Stuart Elliott via NYT, C4.
6/28/2001  6 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $239m + $$undisclosed -
  1. Boston Private Financial Holdings buys Calif. bank, Borel Bank & Trust for $113.2m, Bloomberg via BG, F6.
  2. CompUSA Inc., Mexico City, sold Telvista Holdings for $105m to ??, NYT, C4.
  3. Tropical Sportswear International Corp. to buy Duck Head Apparel for $20.8m + $?? assumed debt, NYT, C4.
  4. Polaris Industries to buy a distribution business of R.L. Ryerson for $??, NYT, C4.
  5. Marconi PLC unit for $?? to acquire majority stake in new merger of its Ipsaris telecomms network unit with Easynet Group, Bloomberg via NYT, C4.
  6. Gun control groups to merge for $?? - Brady Campaign to Prevent Gun Violence and Million Mom March, NYT, A16.
6/27/2001  5 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $165.35m + $$undisclosed -
  1. Canadian company, Quebecor World, buys Retail Printing in Mass. for $130m, Bloomberg via BG, C7.
  2. AK Steel Holding Co. to buy Alpha Tube unit of Acme Metals for $30m, NYT, C4.
  3. Etc. - Brooks Automation Inc. acquired CCS Technology Inc. for $5.35m, wire services via BG, C7.
  4. Camstar Systems Inc. has acquired Unifi Technology Group's supply chain consulting & services practice for $??, NYT, C4.
  5. Rail unions to merge [for $??], leader of one says - United Transportation Union and Brotherhood of Locomotive Engineers, Bloomberg via NYT, C9. [Should it be "Siblinghood," or aren't there any women locomotive engineers or aspirants? This could be the last bastion of male exclusivity!]
6/26/2001  10 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $8.355B + $$undisclosed -
  1. Dime Bancorp bought by nation's largest S. & L., Washington Mutual, for $5.2B, AP via NYT, C6.
  2. Canadian company, Barrick Gold, to buy a U.S. miner, Homestake Mining, for $2.3B, by Anthony DePalma, NYT, W1.
  3. NRG Energy buys 2 Northeast plants and stakes in 2 others from Conectiv for $630m, Bloomberg via NYT, C4.
  4. Anadarko Petroleum to acquire Gulfstream Resources Canada for $137m, Reuters via NYT, C4.
  5. Titan to buy Datron Systems, communications equipment maker, for $51m, AP via NYT, C4.
  6. Monaco Coach to acquire SMC, motor home maker, for $21m, Reuters via NYT, C4.
  7. Student Advantage buys OCM Enterprises in $16m cash-and-stock deal, by Stephanie Stoughton, BG, D5.
  8. Dentsu Business Development Group buys Oasis Advertising for $??, by Stuart Elliott, NYT, C8.
  9. FleetBoston Financial Group wraps sale of 7 branches to Richmond County Savings Bank for $??, by Scott Nelson, BG, D8.
  10. French bank deal makes government a strong player - Caisse des Depots et Consignations will merge with Caisse d'Epargne for $?? to form major government-controlled money center, by John Tagliabue, NYT, W1.
6/25/2001  1 weekend takeover reported in NY Times (NYT) or Boston Globe (BG), totaling $10.4B - 6/23/2001  7 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $2.8601B + $$undisclosed -
  1. Britain: $1.8B tobacco purchase - Gallagher Group to buy Austria Tabak, by Alan Cowell, NYT, B2.
  2. Britain: Insurer acquired - GE Capital to buy National Mutual for $807m, by Suzanne Kapner, NYT, B2.
  3. Irish Life & Permanent will sell 2 of its 3 American insurance divisions to a unit of Protective Life for $253.1m, Bloomberg via NYT, B3.
  4. Masco purchases 3 home-improvement companies for $?? - Milgard Manufacturing of Tacoma WA, Resources Conservation of Stamford CT, and D-Scan of Va., Bloomberg via NYT, B3.
  5. Delay in $?? sale of PepsiCo line, All Sport, to Monarch Co., Bloomberg via NYT, B3.
  6. Quizno's Corp. to be acquired by 2 company executives for $??, NYT, B3.
  7. WPP Group PLC, London, purchased VML Inc., Kansas City, for $??, NYT, B3.
6/22/2001  5 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $4.93B + $$undisclosed -
  1. Liberty to buy some Deutsche Telekom cable systems - The deal has price tag of about $4.7B for 10m subscribers, by Geraldine Fabrikant, NYT, C2.
  2. Cabot Oil & Gas agrees to buy Cody Co. for $230m, Bloomberg via NYT, C4.
  3. Softbank buying over 2/3 of Internet access provider Tokyo Metallic Communications for $??, Bloomberg via NYT, C4.
  4. Renaissance Worldwide CEO, G. Drew Conway, buys out his company for $??, Globe staff & wire services, BG, C6.
  5. Kronos acquires Illinois company, Denniston & Denniston, for $??, Globe staff & wire services, BG, C6.
6/21/2001  4 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $472.7m + $undisclosed -
  1. Canada: $230m deal for asset manager - UBS Asset Management to acquire RT Capital Management unit of Royal Bank of Canada, by Elizabeth Olson, NYT, W1.
  2. Cook Group to sell drug unit to Baxter Healthcare for $200m, AP via NYT, C4.
  3. Descartes Systems Group to acquire Centricity and TranSettlements for $42.7m, NYT, C4.
  4. Allstate selling German and Italian auto divisions to Direct Line unit of Royal Bank of Scotland for $??, by Joseph Treaster, NYT, C4.
6/20/2001  6 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $367m + $$undisclosed -
  1. John Hancock Financial Services to buy life division of Canadian insurer, Royal & Sun Alliance, for $153m, Bloomberg via NYT, C4.
  2. NBT Bancorp agrees to buy Central National Bank for $140m, Bloomberg via NYT, C4.
  3. Wilson Greatbatch Technologies Inc. to buy Maxwell Technologies' Sierra unit for $49m, NYT, C4.
  4. CurtCo Media Labs acquires Robb Report for $25m, by Isaac Baker, BG, D3.
  5. Federated Department Stores agrees to buy Liberty House chain of Hawaiian stores for $??, Reuters via NYT, C4.
  6. Britain: MG Rover acquiring Italian sports car Mangusta from parent Qvale Automotive of U.S. for $??, by Suzanne Kapner, NYT, W1. [Formula for obscurity = a British car maker we've barely heard of acquires an Italian car maker we've never heard of.]
6/19/2001  9 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $3.9745B + $$undisclosed -
  1. Cendant to buy a travel reservation company, Galileo International, for $2.9B, Bloomberg via NYT, C4.
  2. Libbey agrees to acquire a maker of kitchen glassware, Newell Rubbermaid, for $332m, Bloomberg via NYT, C4.
  3. Land O'Lakes to buy a leading livestock feed company, Purina Mills, for $230m, AP via NYT, C4.
  4. Nuveen to buy Symphony Asset Management, an institutional fund manager, for $210m, Bloomberg via NYT, C4.
  5. LSI Logic selling Colorado Springs semiconductor plant to X-FAB Semiconductor Foundries for $120m, Reuters via NYT, C9.
  6. Hospitality Properties Trust buys 4 hotels from Marriott International for $101.5m, Bloomberg via NYT, C4.
  7. Company that investigates job applicants, Avert, will be sold to Automatic Data Processing for $81m, Bloomberg via NYT, C4.
  8. Miscellany - Millward Brown of Warwick, England, a unit of WPP Group, acquired Impact Information, Johannesburg, for $??, by Stuart Elliott, NYT, C6.
  9. Etc. - Providence RI-based Nortek Inc. acquired Senior Air Systems from Senior PLC for $??, Globe staff & wire services via BG, D7.
6/16/2001  2 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $3.2425B -
  1. Judge rules that Tyson must complete $3.2B takeover of IBP, by Greg Winter, NYT, B1. [$2.7B on 6/28, NYT, C6.]
  2. Anchor BanCorp Wisconsin merges with Ledger Capital in $42.5m deal, Reuters via NYT, B3.
6/15/2001  8 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $765.9m + $undisclosed -
  1. Florida bank, FNB Corp., to expand its presence in Pennsylvania by buying Promistar Financial for $418m, Bloomberg via NYT, C4.
  2. British Airways makes $153m deal to sell its discount carrier, Go, to Go's senior managers and 3i, a venture capital firm, by Suzanne Kapner, NYT, W1.
  3. Chemical company, Albemarle, makes acquisition for $74m of ChemFirst's custom & fine chemical businesses, Reuters via NYT, C4.
  4. United Bankshares to will acquire Century Bancshares of Washington & its Century National Bank subsidiary for $62.5m, NYT, C4.
  5. Home Shopping Network will buy Hannover Direct's Hanover's Improvements unit for $33.4m, NYT, C4.
  6. Universal Compression Holdings to acquire Louisiana Compressor Maintenance for $25m, NYT, C4.
  7. Florida bank, FNB Corp., to expand its presence in Pennsylvania by also buying First National Bank of Herminie, Pa. for $??, Bloomberg via NYT, C4.
  8. Goldman Sachs Group adds unit aimed at individuals, Epoch Partners, for $??, Bloomberg via NYT, C2.
6/14/2001  4 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $294m -
  1. Cadbury Schweppes sells international part of Royal Crown Cola to Canadian company, Cott Corp., for $94.4m
  2. Virginia Financial Corp. to buy Virginia Commonwealth Financial Corp. for $89m
  3. Danaher Corp. to acquire Microtest Inc. for $74m
  4. Parent company of General Cinema, GC Cos., agrees to sale of common equity in reorganized copmany for $36.6m to Onex Corp. and Oaktree Capital Management
6/13/2001  5 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $1.2224B + $undisclosed -
  1. China: $779m oil acquisition - Sinopec will buy Sinopec National Star from latter's parent, by Craig Smith, NYT, W1.
  2. Berkshire Hathaway to buy roofing materials company, MiTek, from parent Rexam of London for $378m, Bloomberg via NYT, C4.
  3. Adir Voip Technologies to buy NetSpeak for 46.5-48.2, so say $47.4m, NYT, C4.
  4. U.S. Energy Systems bought 2 Canadian energy plants & distribution systems from Trigen Energy for $18m, NYT, C4.
  5. Miscellany - Euro RSCG Worldwide acquired for $?? majority stakes in WhyNet of Argentina and 2 Polish marketing agencies, Dialog and Marketing House, by Stuart Elliott, NYT, C5.
6/12/2001  9 takeovers reported in NY Times (NYT) or Boston Globe (BG), totaling $4.1824B + $$undisclosed -
  1. $2.47B from Sir Anthony O'Reilly, George Soros & Goldman Sachs wins bidding for Eircom of Ireland, by Brian Lavery, NYT, W1.
  2. Peregrine Systems buying competitor, Remedy Corp., for $1.08B, by Laurie Flynn, NYT, C9.
  3. Banknorth Group buying 2 banks in the Boston area, e.g., Andover Bancorp for $333m, Reuters via NYT, C5.
  4. Banknorth Group buying, e.g., MetroWest Bank for $166m, Reuters via NYT, C5.
  5. Spanish company, Grupo Grifols, to buy the plasma unit of SeraCare for $116.5m, Reuters via NYT, C5.
  6. Elot Inc. to buy FreeWorldLottery from PlasmaNet for $16.9m, NYT, C5.
  7. Hain Celestial Group Inc. of NY bought Yves Veggie Cuisine of Vancouver BC for $??, NYT, C5.
  8. Concord MA company, Manufacturers Services, opens Lowell MA plant with employees from last June's $?? acquisition of Qualitronics [unreported then], Globe staff & wire services, BG, C9.
  9. Etc. - Footwear Acquisition changed its name to Converse Inc.after acquiring The North Face Inc. for $?? in April [but unreported then], Globe staff & wire services, BG, C9.
6/11/2001  6 takeovers reported in weekend NY Times (NYT) or Boston Globe (BG), totaling $$undisclosed -
  1. Advertising - Early last month (but unreported then), Peter Arnell sold Arnell Group to Interpublic's Draft Worldwide unit for $??, by Stuart Elliott, NYT, C13.
  2. Advertising - Soon after that (but unreported then), Peter Arnell bought back majority stake in Arnell Group from Interpublic's Draft Worldwide unit for $??, by Stuart Elliott, NYT, C13.
  3. Advertising - Latest $?? Omnicom acquisition of Arnell Group, PASS Marketing and Cultura, shows continuing interest in [ad] shops with nontraditional specialities, by Stuart Elliott, NYT, C13. ...which means Arnell Group will have had 3 different ownership structures in 4 weeks.... Mr. Arnell, in an interview of Friday to discuss details of the deal [still no pricetag], said he did not believe he would be considered mercurial or flighty for selling so quickly to Omnicom so soon after buying back the stake from Interpublic.... [How about "dangerously unstable."]
  4. Advertising - Marc USA in Pittsburgh acquired CSA Promotions in Indianapolis for $??, by Stuart Elliott, NYT, C13.
  5. Advertising - Omnicom's Ketchum unit acquired Corporate Technology Communications in Chicago for $??, by Stuart Elliott, NYT, C13.
  6. Advertising - G.S. Schwarz & Co. acquired Wachsman Cear Group for $??, by Stuart Elliott, NYT, C13.
6/09/2001  5 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $443.5m + $$undisclosed -
  1. SPX, a maker of industrial products, to buy Kendro Laboratory Products for $320m, Bloomberg via NYT, B3.
  2. Avado Brands in deal to sell its 34 McCormick & Schmick's seafood restaurants for $123.5m to Castle Harlan and Bruckman Rosser Sherrill & Co., Bloomberg via NYT, B3.
  3. FleetBoston to sell 36 New York State [BG: Finger Lakes] branches to Community Bank System for $??, Bloomberg via NYT, B3.
  4. Washington Post Co.'s Kaplan Inc. unit of NY has acquired Prosource Educational Services for $??, NYT, B3.
  5. Tyco International's office equipment leasing business in Britain, one asset from its acquisition of CIT Group of NY last week, to be sold to General Electric for $??, NYT, B3.
6/08/2001  8 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $8.8973B + $$undisclosed -
  1. Bristol-Myers Squibb buying drug unit of DuPont for $7.8B, by Andrew Sorkin, NYT, C5.
  2. Chateau Communities is buying CWS Communities Trust for 390+180= $570m, Bloomberg via NYT, C4.
  3. France: $386m modem division acquisition by Thomson Multimedia from Alcatel, by John Tagliabue, NYT, W1.
  4. AOL Time Warner will merge magazines after buying Business 2.0 from Future Network for $68m + 6 yrs' worth of 25% of annual revenue over $50m from combined magazine & over $10m from website & conference division, by Saul Hansell, NYT, C12.
  5. Brunswick Corp. to acquire Sealine International in 31+37= $68m deal, Reuters via NYT, C4.
  6. TRW Inc. to buy Network Six for $5.3m, NYT, C4.
  7. 2 Internet access providers are set to merge - NetZero and Juno Online Services, for $??, AP via NYT, C2.
  8. RSA Security buys Va. company 3G International for $??, by Stephanie Stoughton, BG, C7.
6/07/2001  6 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $262.1m + $$undisclosed -
  1. Cypress Semiconductor buying chip designer, Lara Networks, for $225m, Bloomberg via NYT, C5.
  2. Chip maker National Semiconductor lines up $23.5m deal to buy Wireless Solutions Sweden from Allgon, Bloomberg via NYT, C17.
  3. National Golf Properties Inc. acquired Marbella Country Club for $12.5m, NYT, C4.
  4. FiberCore buys network installer Data Communications Inc. of Hyannis for $1.1m, by Peter Howe, BG, C10.
  5. Teradyne sells aerospace connection systems unit to Amphenol for $??, Bloomberg via BG, C10.
  6. State Street's Global Alliance unit buys RXR Group for $??, Bloomberg via BG, C10.
6/6/2001  5 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $1.9245B + $undisclosed -
  1. Dutch giant, ING, buys 45% stake in Seguros Comercial America of Mexico for $791m, giving it 87% total, by Graham Gory, NYT, C4.
  2. Brazil: 51.5% paper stake in Celulose Nipo-Brasileira bought jointly by Aracruz and Votorantim Celulose e Papel for $670.5m, by Jennifer Rich, NYT, C4.
  3. Maytag agrees to buy 2 Amana Appliances businesses from Goodman Global Holding for $325m, Reuters via NYT, C4.
  4. Denbury Resources to acquire Matrix Oil & Gas for $138m, Reuters via NYT, C4.
  5. Alliant Resources Group bought Robert F. Driver Co. for $??, NYT, C4.
6/05/2001  9 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $1.356B + $$undisclosed -
  1. FleetBoston to acquire asset-mgmt unit of Liberty Financial for 900+110= $1.01B, Bloomberg via NYT, C4. [FTC approved this per "Etc. - ...FleetBoston Financial Corp...", 8/23/2001 BG, E9.]
  2. Los Angeles bank, Bank Plus, to be sold for $141m to FBOP Corp., Bloomberg via NYT, C4.
  3. United Airlines buys online marketer, MyPoints.com, for $105m, by Saul Hansell, NYT, C4.
  4. Senior executives of Weston and affiliates of American Capital Strategies acquire cleanup company, Roy F. Weston Inc., for $66m, Bloomberg via NYT, C12.
  5. Edison Schools acquires competitor, LearnNow, for $34m, Bloomberg via NYT, C4.
  6. Rheometric Scientific acquired Aviv Instruments for $??, NYT, C4.
  7. General Electric Co. to buy out electricity-technology joint venture with Harris Corp. for $??, NYT, C4.
  8. Collins & Aikman Corp. to sell a unit that makes nonautomotive floor mats to Superior Manufacturing Group for $??, NYT, C4.
  9. Sara Lee Corp. sold its British bakery business to Hibernia Foods, Dublin, for $??, NYT, C4.
6/04/2001  1 weekend takeover cited in NY Times (NYT) or Boston Globe (BG), totaling $117m - 6/02/2001  7 more takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $4.6195B + $undisclosed -
  1. Etc. - $2.6B acquisition of Boston-based CGU Insurance Group by White Mountains Insurance Group was completed, Globe staff and wire services, BG, C1. [Don't ask us how this relates to "2 large insurers in Britain to merge in $12B deal - CGU & Norwich Union" on 2/22/2000.]
  2. Vivendi Universal will acquire Houghton Mifflin for $1.7B, by Seth Schiesel via NYT, B1.
  3. Equity One Inc. to acquire United Investors Realty Trust for $155m, NYT, B3.
  4. Etc. - Genuity Inc. of Mass. to buy Integra SA of France for $106m, Globe staff and wire services, BG, C1.
  5. DoubleClick agrees to buy an e-mail direct marketer, MessageMedia, for $41m, Bloomberg via NYT, B3.
  6. Etc. - Harvard Bioscience Inc. acquired Union Biometrica for $17.5m, Globe staff and wire services, BG, C1.
  7. Etc. - Bright Horizons Family Solutions acquired nine childcare centers operated by Workplace Connections for $??, Globe staff and wire services, BG, C1.
6/01/2001  7 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $282.3m + $$undisclosed -
  1. Etc. - Bacou USA & French parent Bacou SA to be bought by Christian Dalloz SA for $201.7m, BG, D5.
  2. Cantel Medical to buy Minntech for $70m, Bloomberg via NYT, C4.
  3. Wire One Technologies Inc. to buy GeoVideo Networks for $10.6m, NYT, C4.
  4. SSR Realty Advisors bought fund-advising unit of GE Capital for $??, NYT, C4.
  5. Office Depot Inc. purchased Officesupplies.com for $??, Bloomberg via NYT, C4.
  6. Omnicom Group in NYC buys Wolff Olins in London for $??, by Allison Fass, NYT, C6.
  7. Chappell White, born of dot-com boom, sold for $?? to Chicago law firm Seyfarth Shaw, by Scott Nelson, BG, D3.
5/31/2001  8 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $7.449B + $$undisclosed -
  1. Medical tool industry set for 2 deals - Medtronic to buy Minimed and Medical Research Group for $3.7B, by Milt Freudenheim, NYT, C1.
  2. Medical tool industry set for 2 deals - Tyco International to buy C.R. Bard for $3.13B, by Milt Freudenheim, NYT, C1.
  3. Large manufacturer of dental supplies, Dentsply International, to buy a rival, Degussa's dental unit, for $494m, Bloomberg via NYT, C4.
  4. Deere to buy distributor of irrigation equipment, Richmond International, for $125m, AP via NYT, C4.
  5. PC Connection to buy Outpost.com for $??, by Andrew Zipern, NYT, C6.
  6. United Auto Group Inc. bought two dealerships in Nanuet, NY, for $??, NYT, C4.
  7. Miscellany - WPP Group, London, acquired Finsbury Ltd. for $??, by Stuart Elliott, NYT, C7.
  8. Miscellany - WPP's Burson-Marsteller unit acquired Communique Public Relations for $??, by Stuart Elliott, NYT, C7.
5/30/2001  9 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $9.991B + $undisclosed -
  1. Conoco to buy Gulf Canada Resources for (4.3+2=) $6.3B, by Sorkin & Romero, NYT, C1.
  2. Finland: Paper purchase - UPM-Kymmene will buy G. Handl'scshe Papierfabriken of Germany for $3.13B, by Petra Kappl, NYT, W1;.
  3. Genomics concerns to merge - Sequenom to buy Gemini Genomics for $238m, by Andrew Pollack, NYT, C6.
  4. Crane Co. to purchase Xomax valve unit from Emerson Electric for $145m, Reuters via NYT, C4.
  5. Supplier of natural gas equipment, Universal Compression Holdings, to buy a rival, KCI, for (42+57=) $99m, Bloomberg via NYT, C4.
  6. Allied-Waste Industries, a trash hauler, to acquire Star Services Group for $34m, Bloomberg via NYT, C4.
  7. Bertelsmann in $30m deal to buy music start-up, Myplay, by Kirkpatrick & Sorkin, NYT, C1.
  8. I-Link Inc. to acquire retail long-distance unit of WorldsChange Communications for $15m, NYT, C4.
  9. Investec Ernst & Co. buys retail correspondent stock-clearing business of Merrill Lynch's Herzog Heine Geduld for $??, Reuters via NYT, C4.
5/28/2001  1 weekend takeover reported, worth $3B - 5/26/2001  4 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $2.8097m -
  1. Britain: 146 Le Meridien Hotels in 55 countries sold by Compass Group to Nomura International for $2.7B, by Alan Cowell, NYT, C2.
  2. Redback Networks to buy Merlin Systems in $57m stock deal, Bloomberg via NYT, B3.
  3. Eimo Oyj of Finland to buy Triple S Plastics of Mich. for $30.9m, NYT, B3.
  4. Delphi Automotive Systems Corp. to buy Specialty Electronics for $21.8m, NYT, B3.
5/25/2001  5 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $2.713012B + $undisclosed -
  1. Pride International to acquire rival oil and gas Marine Drilling Companies for $1.9B, Bloomberg via NYT, C4.
  2. U.P.S. to combine some acquired operations after completing $437m acquisition of Fritz Cos., Bloomberg via NYT, C4.
  3. Polycom buying rival PictureTel for $362m, Reuters via NYT, C2.
  4. RoweCom agrees to Divine Inc. buyout for [12.4m x $1.13=] $14.012m, Dow Jones via BG, C5.
  5. Dana Corp. will sell polymer bearings unit to B. F. Goodrich for $??, NYT, C4.
5/24/2001  8 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $3.6665B + $$undisclosed -
  1. Johnson & Johnson to buy diabetes unit from Inverness Medical Technology for $1.3B, Bloomberg via NYT, C4.
  2. E.D.S. (Electronic Data Systems) to buy Structural Dynamics Research for $950m, by Chris Gaither, NYT, C4.
  3. Brazil: Cement plants in U.S. & Canada bought by Votorantim from Lafarge of France for $712m, by Jennifer Rich, NYT, W1.
  4. British plumbing distributor, Wolseley, expands in North America by buying heating & plumbing operations from Rexel of France for $356m, Bloomberg via NYT, C4.
  5. Swiss sea-freight company, Kuehne & Nagel International, buys USCO Logistics for $300m, Bloomberg via NYT, C4.
  6. Excelon buying a consultant, C-Bridge Solutions for $48.5m, by Catherine Greenman. NYT, C5.
  7. Illinois Tool Works to buy Texwipe of NJ for $??, NYT, C4.
  8. Etc. - Sipex Corp. of Billerica MA sold its Fremont wafer-fabrication facility to Calogic LLC for $??, Globe staff & wire services via BG, E9.
5/23/2001  6 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $738.8m + $$undisclosed -
  1. Verizon to buy Canadian directory services from Telus for $520m, Bloomberg via NYT, C4.
  2. Inhale Therapeutic Systems, maker of drug-delivery systems, buys Shearwater Corp. for $191m, Bloomberg via NYT, C4.
  3. Balchem Corp. will buy nutritional products units and a factory from DCV Inc. for $15m, NYT, C4.
  4. Ballard Power Systems Inc. of BC to buy carbon products unit of Textron Systems of Mass. for o$12.8m, NYT, C4.
  5. LaBranche & Co., a floor trader on the Big Board [NYSE], buys Bocklet & Co. for $??, Bloomberg via NYT, C4.
  6. Etc. - State Street Corp. of Boston to buy portfolio accounting unit of DST Systems for $??, Globe staff & wire services, BG, D6.
5/22/2001  10 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $6.11B + $$undisclosed -
  1. Procter & Gamble agrees to acquire Clairol for $4.95B, by Andrew Sorkin, NYT, C4.
  2. Ivax to acquire Laboratorio Chile for $395m, Reuters via NYT, C4.
  3. Britain: Regent Hong Kong Hotel acquired by Bass PLC for $346m from New World Development, by Alan Cowell, NYT, W1.
  4. HCA-The Healthcare Co. to sell its CCN managed care unit to First Health Group for $195m, Bloomberg via NYT, C4.
  5. Mercury Interactive to buy Freshwater Software for $147m, Bloomberg via NYT, C4.
  6. E*Trade buying small rival for $45m in stock, by Patrick McGeehan, NYT, C17.
  7. Ametek Inc. bought GS Electric unit of SPX Corp. for $32m, NYT, C4.
  8. Granite Construction to buy Halmar Builders of New York for $??, Bloomberg via NYT, C4.
  9. Ducommun Inc. to buy Composite Structures LLC for $??, NYT, C4.
  10. Reliance Steel & Aluminum Co. to buy steel distribution business of Pitt-Des Moines for $??, NYT, C4.
5/21/2001  1 weekend takeover reported in NY Times (NYT) & Boston Globe (BG), totaling $372m - 5/19/2001  1 takeover reported in NY Times (NYT) or Boston Globe (BG), totaling $28.2m - 5/18/2001  9 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $13.6075B + $$undisclosed -
  1. Citigroup to buy Mexican bank, Grupo Financiero Banamex-Accival, in a deal valued at $12.5B, by Atlas and Weiner, NYT, front page.
  2. Tyco International in $1B purchase of Cambridge Protection Industries, Bloomberg via NYT, C4.
  3. Orthodontic Centers of America to buy OrthAlliance for $56m, NYT, C4.
  4. Library services companies to unite - Sirsi to buy Data Research Associates for $51.5m, by Elizabeth Stanton via NYT, C4.
  5. Vulcan Ventures buying fantasy games concern Small World Media for $??, Bloomberg via NYT, C4.
  6. MetLife in $?? deal in Brazil for Seguradora America do Sul, Bloomberg via NYT, C14.
  7. Manhattan Scientifics bought Teneo Computing for $??, NYT, C4.
  8. Olin Corp. to buy Monarch Brass & Copper for $??, NYT, C4.
  9. TorStar Corp., publisher of the Toronto Star, Canada's biggest newspaper, to sell its Frank Schaffer Publications unit in Calif. to McGraw-Hill Education for $??, NYT, C4.
5/17/2001  8 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $475.6m + $$undisclosed -
  1. Liz Claiborne agrees to buy Dutch clothing company, Mexx Group, for $266m, Bloomberg via NYT, C4.
  2. Military company, L-3 Communications Holdings, makes $105m acquisition of EER Systems, Reuters via NYT, C4.
  3. P. H. Glatfelder Co. of Pa. to sell its tobacco papers division to the RFS unit of Purico of Britain for $69m, NYT, C4.
  4. Danaher Corp. will buy Lifschultz Industries for $33m, NYT, C4.
  5. Etc. - Brooks Automation Inc. of Ma. acquired SimCon N.V. of Belgium for $2.6m, Globe staff & wire services, BG, C8.
  6. Intuit sells online billing unit to Princeton eCom for $??, by Laurie Flynn, NYT, C5.
  7. Golf Digest Cos. to buy Golf for Women magazine from Meredith Corp. for $??, NYT, C4.
  8. Dana Corp. to sell its Chelsea Products division to Parker Hannifin for $??, NYT, C4.
5/16/2001  5 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $1.6234B + $undisclosed -
  1. TriQuint Semiconductor to acquire Sawtek for $1.3B, Reuters via NYT, C6.
  2. Deal valued at $180m - Motient to acquire Rare Medium, by Barnaby Feder, NYT, C6.
  3. Loomis, a cash-handling business, will be bought out (last 51%) by Securitas for $102m, AP via NYT, C4.
  4. Parthus Technologies to acquire Chicory for $41.4m, by Brian Lavery, NYT, C6.
  5. BelFuse Inc. of Jersey City bought E-Power of China for $??, NYT, C4.
5/15/2001  7 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $2.037B + $$undisclosed -
  1. Kerr-McGee to acquire HS Resources for 1.25+.45= $1.7B, AP via NYT, C4.
    [$450m debt figure from "Kerr-McGee buys HS Resources for $1.7B," Bloomberg via BG, E2.]
  2. Britain: Digital acquisition - Cable & Wireless to buy Digital Island of San Francisco for $291m, by Suzanne Kapner, NYT, W1.
  3. ClarCor Inc. to buy several filtration management businesses in Rochester Hills, Mich., from MPW Industrial Services Group for $31m, NYT, C4.
  4. Smith & Wesson is sold to maker of trigger locks, Saf-T-Hammer, for $15m, AP via NYT, C4.
  5. TellMe Networks buys MagicPhone for $?? to expand in Europe, Bloomberg via NYT, C4.
  6. California ad agencies, Italia/Gal and Zuckerman Fernandes & Partners, join to form G/F/D/M for $??, by Bernard Stamler, NYT, C13.
  7. SunTrust Banks to acquire the investment banking unit of Robinson-Humphrey from Citigroup's Salomon Smith Barney unit for $??, by Andrew Sorkin, NYT, C21.
5/14/2001  1 weekend takeover cited in NY Times (NYT) or Boston Globe (BG), totaling $undisclosed - 5/12/2001  4 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $1.068B + $$undisclosed -
  1. Merck & Co. to acquire Rosetta Inpharmatics, a biotechnology company, for $620m, Reuters via NYT, B3.
  2. Dimension Data Holdings to add Proxicom for $448m, Dow Jones via NYT, B3.
  3. Coca-Cola announces the takeover of Mad River Traders for $??, Reuters via NYT, B3.
  4. Tribune Media Services Inc. bought majority interest in TV Data Technologies for $??, NYT, B3.
5/11/2001  6 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $1.1996B + $$undisclosed -
  1. FelCor Lodging Trust to buy MeriStar Hospitality for $1.1B, AP via NYT, C4.
  2. Openwave Systems to acquire another telecomms S/W developer, Avogadro, for $99.6m, Bloomberg via NYT, C4. [Hmm, named after the Italian scientist famed for "Avogadro's Hypothesis": "Volumi equali di gas, nelle stesse condizioni di temperatura e di pressione, condigiorno lo stesso numero di molecoli." = Equal volumes of gas, under similar conditions of temperature and of pressure, contain the equal number of molecules." Old Mr. Teeter, chemistry teacher at Lawrence Park high school in Toronto in the 1950s, grinning mischievously, loved to write this hypothesis - in Italian - along the top of the blackboards across the entire front and right sides of the classroom. He had to stand on a chair to reach, and repeatedly move it to cover the distance.]
  3. ABN Amro Holding N.V. to buy asset-based lending unit of Mellon Financial for $??, Bloomberg via NYT, C4.
  4. Bel Fuse Inc. bought Current Concepts for $??, NYT, C4.
  5. Gores Technology Group to acquire VeriFone from Hewlett-Packard for $??, AP via NYT, C2.
  6. Agency operation, media unit of Mediaplex, sold in San Francisco to Exile on Seventh, a digital mktg agency, for $??, by Stuart Elliott, NYT, C5.
5/10/2001  6 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $184.5m + $$undisclosed -
  1. Hanmi Financial to buy California Center Bank for $103m, Reuters via NYT, C4.
  2. Capitol One Financial to buy Amerifee for $81.5m, Bloomberg via NYT, C4.
  3. L'Oréal S.A. of Paris to buy BioMedic skincare line from CosMedic Concepts of Phoenix for $??, NYT, C4.
  4. Acquisitions by 2 agencies - E.g., Momentum Worldwide to buy Huvane Baum Halls for $??, by Stuart Elliott, NYT, C6.
  5. Acquisitions by 2 agencies - E.g., Kantar bought Ziment Assocs. for $??, by Stuart Elliott, NYT, C6.
  6. China: Airline merger surprise - HNA Group, owner of Hainan Airlines, to take over Shanxi Airlines for $??, by Craig Smith, NYT, W1.
5/09/2001  5 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $1.212B + $$undisclosed -
  1. Carter-Wallace sells itself as two businesses - E.g., Church & Dwight and Kelso & Co. will buy its consumer division for $739m, Bloomberg via NYT, C4.
  2. Carter-Wallace sells itself as two businesses - E.G., MedPointe Capital Partners will buy its drug & tests unit for $408m, Bloomberg via NYT, C4.
  3. Genzyme to buy Wyntek Diagnostics for $65m, by Aoki & Rosenberg, BG, F4.
  4. Allstate buys Sterling Collision Centers, a car repair chain, for $??, Reuters via NYT, C4.
  5. Landmark Graphics Corporation to buy British-based ILEX Technologies for $??, NYT, C4.
5/08/2001  12 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $10.9675B + $undisclosed -
  1. High demand for energy spurs mergers - Refiner, Ultramar Diamond Shamrock, acquired by Valero Energy for $4B, by Neela Banerjee, NYT, C1.
  2. High demand for energy spurs mergers - Natural gas producer, Barret Resources, acquired by Williams Cos. for B2.5B, by Neela Banerjee, NYT, C1.
  3. U.S. query on $2.3B drug wholesale merger between AmeriSource Health & Bergen Brunswig, Bloomberg via NYT, C10.
  4. U.S. Bancorp buys processor of credit card debt, Nova Corp., for $2.1B, Bloomberg via NYT, C7.
  5. Military communications company, L-3 Communications Holdings, buys maker of fuses, KDI Precision Products, for $67.5m, Bloomberg via NYT, C4.
  6. National Dentex Corp. bought Bauer Dental Studio for $??, NYT, C4.
  7. Camden National Corp. to buy Acadia Trust and Gouws Capital Management for $??, NYT, C4.
  8. Storage concerns, FalconStor and Network Peripherals, agree to merge for $??, AP via NYT, C2.
  9. A $?? Baltimore acquisition, Underground Advertising, is part of Eisner Communication's plan, by Patricia Lauro, NYT, C2.
  10. 2 units are expanding at Havas Advertising - e.g., Arnold Worldwide bought Simmons Durham for $??, by Patricia Lauro, NYT, C2.
  11. P&G (Procter & Gamble) buys MoistMates LLC for $??, by Jerry Ackerman, BG, E2. [The NYT version (p. C4) of this news item makes it sound like P&G is just buying the main brand from the Moist Mates company.]
  12. Etc. - McGraw-Hill Cos. sold its DRI econmic-research and consulting unit to Global Insight Inc. for $??, Globe staff & wire services via BG, E2.
5/5/2001  3 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $3.815B + $undisclosed -
  1. Archstone Communities Trust adding to properties by buying Charles E. Smith Residential Realty for 2.2+1.4= $3.6B, Reuters via NYT, B3.
  2. Micrel to acquire Kendin Communications for $215m, Bloomberg via NYT, B4.
  3. Aetna U.S. Healthcare to sell New Jersey businesses for $??, AP via NYT, B3.
5/04/2001  7 more takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $26.7027B + $undisclosed -
  1. Halifax Group and Bank of Scotland said to have $26B deal, by Kapner & Sorkin, NYT, C2.
  2. Etc. - Tyco International Ltd. bought Scott Technologies for $400m, Globe staff and wire services, BG, D5.
  3. Canadian cable unit, Shaw Communications, sold to Bragg Communications for $143.5m, Bloomberg via NYT, C5.
  4. J. P. Morgan Chase & Co. to sell Jardine Fleming Bank in Hong Kong to Standard Bank Investment of South Africa for $120m, NYT, C3.
  5. AES Corp. to buy control of second power distribution company in Ukraine for $23.2m, NYT, C3. [Land of Chernobyl? AES must like living dangerously.]
  6. Headwaters Inc. to buy Hydrocarbon Technologies for $16m, NYT, C3.
  7. Microsoft acquiring game maker Ensemble Studios for $??, AP via NYT, C2.
5/03/2001  7 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $2.855B + $$undisclosed -
  1. Sun Life Financial Services of Canada reportedly set to buy Liberty Financial's Keyport Life annuity unit for $1.7B, Reuters via BG, C6.
  2. Sodexho Alliance of France buys American affiliate, Sodexho Marriott Services, for $1.08B, Bloomberg via NYT, C3.
  3. Salton to buy British appliance maker, Pifco Holdings, for $75m, Bloomberg via NYT, C3.
  4. Home Depot to buy Mexico's Total HOME chain from ALFA for $??, NYT, C3.
  5. Bingham Dana bought Richards & O'Neil for $??, NYT, C3.
  6. Agencies make key acquisitions - Publicis Group in Paris bought Triangle Group in London for $??, by Stuart Elliott, NYT, C6.
  7. Agencies make key acquisitions - Emmperative bought BrandCities for $??, by Stuart Elliott, NYT, C6.
5/02/2001  11 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $1.4633B + $$undisclosed -
  1. Michigan builder, Pulte Homes, to buy retirement home developer, Del Webb, for $800m, AP via NYT, C4.
  2. General Dynamics to buy Galaxy Aerospace in $300m deal, Bloomberg via NYT, C4.
  3. Internet Security Systems to acquire Network ICE in $195m stock deal, AP via NYT, C4.
  4. Allegiant Bancorp buying Southside Bancshares for $116m, Bloomberg via NYT, C4.
  5. Minerals Technologies Inc. bought refractories businesss unit of Martin Marietta Materials for $34m, NYT, C4.
  6. ICH Corp.'s bought 21 Arby's restaurants in Detroit area from RTM Restaurant Group for $18.3m, NYT, C4.
  7. Eastman Kodak to buy online photo company, Ofoto.com, for $??, AP via NYT, C4.
  8. Federal-Mogul Corp. to sell aviation division, Champion, to TransDigm for $??, NYT, C4.
  9. Micron Electronics dumps PC unit - Micron PC picked up by Gores Technology Group for $??, by Catherine Greenman, NYT, C4.
  10. Qantas to absorb competitor, Impulse Airlines, for $??, as fare war takes a victim, by Becky Gaylord, NYT, W1.
  11. Boston Bank of Commerce, Boston's only black-owned bank, merging with L.A. bank, Founders National Bank of Commerce, for $??, by D.C. Denison, BG, C7.
5/01/2001  6 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $665m + $$undisclosed -
  1. Reuters buys some of Bridge Information System's assets, including its North American operations, for 275+98= $373m, AP via NYT, C4. [Scanty 5/01 info augmented from "Reuters completes deal for Bridge Information assets," AP via 10/02/2001 NYT, C4.]
  2. Infineon unit of Siemens buying Catamaran Communications for $250m, by Chris Gaither, NYT, C4.
  3. Halliburton to acquire Magic Earth for $100m, pointer digest (to C3), NYT, C1.
  4. Quebecor Media Inc. to sell Protectron unit to group including unit's president and Wellspring Capital Partners II for $40m, NYT, C4.
  5. Georgia-Pacific will sell 4 paper mills for $?? to repay debt, AP via NYT, C4.
  6. eVineyard bought Wine.com for $??, by Susan Stellin, NYT, C4.
4/28/2001  4 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $552m -
  1. Pell Rudman acquired by London's AMVESCAP for 172+28= $200m, by Beth Healy, BG, E1.
  2. U.S. unit of Swiss Reinsurance is buying Dallas-based insurer, Southwestern Life Holdings, for $168m, Reuters via NYT, B3.
  3. TransWestern Publishing to bu WorldPages.com for $141m, Reuters via NYT, B3.
  4. Dogi, a Spanish fabrics maker, adding 4 Sara Lee companies & other assets for $43m, Reuters via NYT, B3.
4/27/2001  7 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $4.326B + $$undisclosed -
  1. $3.2B deal is signed for World Trade Center by a group led by Larry Silverman & Westfield America, by Charles Bagli, NYT, C14.
  2. Old Mutual is paying $635m for insurer, Bloomberg via NYT, C4.
  3. Compaq buys consulting concern, Proxicom, for $336m, by Chris Gaither, NYT, C4.
  4. Genesys Conferencing of France closes $145m buy of Bedford Mass.'s Vialog, by Peter Howe, BG, D4.
  5. Genzyme buys Focal for $10, by Naomi Aoki, BG, D6.
  6. NEC woes likely to continue...Will sell laser printer business to Fuji-Xerox for $??, Bloomberg via NYT, W1.
  7. Mellon to buy institutional money manager Standish Ayer & Wood for $??, Bloomberg via NYT, C3.
4/26/2001  5 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $2.174B + $$undisclosed -
  1. $2.1B deal in shipping industry - General Dynamics to buy Newport News Shipbuilding, pointer digest (to A1), NYT, C1.
  2. Aurafin, a jewelry maker, is acquiring OroAmerica for $74m, Bloomberg via NYT, C4.
  3. Swiss Reinsurance to buy Conning & Co. from MetLife for $??, Bloomberg via NYT, C4.
  4. Europe clears $?? Liberty Media-UnitedGlobalCom deal, Bloomberg via NYT, C4. [This may be the same deal as we counted on 6/10/2000 but if so, the takeover target had a different name then (and a different name before that!)].
  5. Bekaert's joint venture with MSC Specialty Films bought NeoVac for $??, NYT, C4.
4/25/2001  7 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $3.2005B + $undisclosed -
  1. Japan: Prudential Insurance Co. of America acquires insurer Kyoei Life Insurance Co. of Japan for $1.2B, AP via NYT, W1. [Boy, is Prudential asking for trouble!]
    ...The company was Japan's 11th-largest life insurer when it filed for bankruptcy in October and became the country's biggest corporate failure since the end of World War II..\.. Kyoei has been renamed the Gibraltar Life Insurance Co. Ltd., a reference to the Rock of Gibraltar, Prudential's corporate symbol....
    [We think it's long past time for the British Crown Colony of Gibraltar on the southern tip of Spain to sue Prudential and now, Kyoei, for abuse of trademark and defamation of character.]
  2. I.B.M. will acquire database unit of Informix for $1B, by Barnaby Feder, NYT, C4.
  3. Ferro will pay OM Group $540m for 4 businesses (electronics materials, ceramics, glass systems, pigments) bought day earlier, AP via NYT, C4.
  4. Harrah's Entertainment says it will acquire Harvey's Casino Resorts for $258m, Reuters via NYT, C4.
  5. Manpower plans to buy an accounting services firm, Jefferson Wells International, for $174m, Dow Jones via NYT, C4.
  6. Antigenics to buy Aronex Pharmaceuticals for $28.5m, NYT, C4.
  7. Intel Corp. bought Cognet and nSerial and will buy LightLogic for $??, NYT, C4.
4/24/2001  9 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $5.2191B + $$undisclosed -
  1. Italy: $2.7B phone directory purchase - Seat Pagine Gialle to buy Eniro of Sweden, by Alan Cowell, NYT, W1.
  2. Chemical deal confirmed - OM Group to buy Degussa's DMC2 unit for $1.1B, NYT, C11.
  3. Britain: Hotel acquisition - Hilton Group to buy Scandic Hotels of Sweden for $890m, by Alan Cowell, NYT, W1.
  4. Weatherford International acquires Orwell Group for 165+85= $250m, Reuters via NYT, C4.
  5. Parent of Swissair in deals to shed some hotel assets - SAirGroup to sell its Swissotel chain to Raffles Holdings of Singapore for $170m, by Elizabeth Olson, NYT, W1.
  6. Kroll-O'Gara to sell armored vehicle business to Armor Holdings for $56.5m, Bloomberg via NYT, C4.
  7. Conseco to acquire EXL, outsourcing company, for $52.6m, Bloomberg via NYT, C4.
  8. Fleming Companies Inc. bought 7 Food4Less grocery stores in N.C. from Whitco Foods for $??, NYT, C4.
  9. Etc. - GenRad Inc. to sell its consulting & programming services unit to Kellner Inc. for $??, Globe wire services via BG, D7.
4/21/2001  2 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $490m + $$undisclosed -
  1. Northrup to buy Aerojet-General Electronics unit for $315m, Reuters via NYT, B3.
  2. MB Financial and MidCity Financial are planning a $175m merger, Bloomberg via NYT, B3.
4/20/2001  5 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $123.4m + $$undisclosed -
  1. IBM agrees to pay $80m for Mainspring, Reuters via NYT, C4.
  2. I-Many Inc. of Maine will buy Provato for $43.4m, NYT, C4.
  3. I-Many Inc. bought BCL Vision of London for $??, NYT, C4.
  4. Humana Inc. to buy a unit of Anthem Inc. for $??, NYT, C4.
  5. Australia: Engineering merger - GKN of Britain to combine industrial services division with Brambles Industries for $??, by Suzanne Kapner, NYT, W1.
4/19/2001  3 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $158.9m + $$undisclosed -
  1. Collins & Aikman to buy units of a fabric concern, Joan Fabrics, for $158.9m, Bloomberg via NYT, C4.
  2. 4 shops take part in two mergers, eg: Golin/Harris International in Chicago bought Springpoint in London for $??, by Stuart Elliott, NYT, C8.
  3. 4 shops take part in two mergers, eg: Trombone Assocs. is being merged into Cox Advertising for $??, by Stuart Elliott, NYT, C8.
4/18/2001  5 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $210m + $$undisclosed -
  1. Williams Cos. to sell its 198 convenience stores to an Israeli chain, Delek Group, for $147m + expenses, Bloomberg via NYT, C4.
  2. Intuit is buying software maker Tax & Accounting Software for $63m, Bloomberg via NYT, C6.
  3. BorgWarner Inc. sold fuel systems unit to investor group led by TMB Industries for $??, NYT, C4.
  4. Acquisitions made in ad services - GCI Group bought Read-Poland Assocs. for $??, by Elliott & Fass, NYT, C2.
  5. Acquisitions made in ad services - MindBranch bought Intelligex for $??, by Elliott & Fass, NYT, C2.
4/17/2001  10 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $14.0661B + $$undisclosed - when are these boys going to stop merging&shrinking and start managing&growing?! -
  1. First Union to acquire Wachovia for $13.1B, Bloomberg via BG, C2.
    ...CEO Kennedy Thompson has spent the last year shrinking the bank to reverse a 52% decline in the bank's market value since mid-1998, when First Union bought CoreStates Financial Corp....
  2. Agreement reached to sell casino for $465m - Horseshoe Gaming Holding to sell riverboat Empress Casino & Hotel to Argosy Gaming, AP via NYT, C4.
  3. Jones Apparel Group to buy McNaughton Apparel Group for $275, Bloomberg via NYT, C4.
  4. British reinsurance broker Benfield Greig Group to make $179m acquisition of E. W. Blanch Holdings, Reuters via NYT, C4.
  5. eYak to acquire Brooktrout Software in $20m cash, stock deal, by Peter Howe, BG, C3.
  6. Friendly Ice Cream Corp. sells 31 Long Is., N.Y. restaurants to franchisee J&B Restaurant Partners Holding for $20m, Bloomberg via BG, C7.
  7. DrKoop.com makes $7.1m acquisition of IVonyx and plans reverse split, by Susan Stellin, NYT, C5.
  8. Tenet Healthcare buys its 5th hospital, South Fulton Medical Center, in Atlanta area, for $??, Reuters via NYT, C4.
  9. SunTrust Banks bought Asset Management Advisors for $??, NYT, C4.
  10. Dallas company Allegiance Telecom buys 2 Mass. firms for $??: Adgrafix and HarvardNet, Bloomberg via BG, C7.
4/14/2001  3 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $88m + $$undisclosed -
  1. Radio deal in Canada - CHUM of Toronto to buy CKUV of Vancouver from CanWest Global Communications for $80m, Bloomberg via NYT, B3.
  2. Daewoo Motor sells its Worthing Technical research center to Tom Walkinshaw Racing for $8m, by Don Kirk, NYT, B3.
  3. Steel makers in Japan plan joint effort - NKK and Kawasaki Steel merging operations for $??, by Miki Tanikawa, NYT, B3.
4/12/2001  12 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $6.8427B + $$undisclosed -
  1. Singapore bank plans Hong Kong deal - DBS Group Holdings will buy Dao Heng Bank Group for $5.4B, by Wayne Arnold, NYT, W1.
  2. French bank, Societe Generale, takes a 51% stake in Trust Company of the West for $1.2B, by John Tagliabue, NYT, C4.
  3. Constellation Brands, a winemaker, to buy Ravenswood Winery for $148m, Bloomberg via NYT, C4.
  4. Illinois Tool Works agrees to buy Foilmark, a foil maker, for $54.1m, Reuters via NYT, C4.
  5. Etc. - Thermo Electron to sell its Thermo Trilogy unit to Mitsui & Co. for $25m, Globe Wire Services via BG, E7.
  6. Auto sales websites to merge - Autobytel.com will buy Autoweb for $15.6m, by Chris Gaither, NYT, C6.
  7. Schlumberger Ltd.'s GeoQuest unit bought Baker Jardine & Assocs. of London for $??, NYT, C4.
  8. Atlas Copco AB of Stockholm to buy Christensen Products division of Layne Christensen of Kansas for $??, NYT, C4.
  9. Iron Mountain Inc.'s DSI Technology Escrow Services unit bought SourceFile for $??, NYT, C4.
  10. Bank merger accord - Kookmin Bank and Housing & Commercial Bank merging in South Korea for $??, by Don Kirk, NYT, W1.
  11. Investors Financial Services to buy unit of Barclays Global Investors for $??, Bloomberg via NYT, C16.
  12. Etc. - Open Door Online Inc. to buy Sports Final Radio Network for $??, Globe Wire Services via BG, E7.
4/11/2001  3 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $15m + $$undisclosed -
  1. Natural MicroSystems buys ShoutMail firm Mobilee for $15m, Bloomberg via NYT, C4.
  2. Fleming will add distribution centers to supply Kmart, buying one in Md. for $??, by Peter Howe, BG, D3.
  3. Illinois Tool Works Inc. bought 4 welding-component businesses from Dover Corp. for $??, NYT, C4.
4/10/2001  12 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $7.7692B + $$undisclosed (David Warsh today in "Five paths to gain (or pain)," BG, C1 says "Mergers and acquisitions are on the back burner for the moment, as market participants cautiously wait to see whether interest rates are going lower....," but you'd never know it from today's dozen - tomorrow, however, the numbers are back down) -
  1. E.ON to buy Powergen for $7.3B, by Suzanne Kapner, NYT, W1.
  2. Pitney Bowes buys a mailing & document service business from Danka Business Systems of Britain for $290m, Bloomberg via NYT, C4.
  3. Kana Communications to buy Broadbase Software for $77.2m, by Andrew Sorkin, NYT, C4.
  4. Tyco International buys South Africa's Sentry Group for $77m, Bloomberg via BG, C9.
  5. Universal Music Group to buy eMusic.com for $23m, by Andrew Zipern, NYT, C4.
  6. 2 large agencies make acquisitions, eg: Cordiant Communications Group in London bought Gallagher & Kelly PR in Dublin for $2m, by Stuart Elliott, NYT, C8.
  7. Bank One buys Wachovia's credit card business for $??, AP via NYT, C4.
  8. Leading leather retailer, Wilsons the Leather Experts, to acquire Bentley's Luggage for $??, Dow Jones via NYT, C4.
  9. Penn Octane Corp. bought remaining 50% interest in pipelines, terminal facility and related land from CPSC International and Cowboy Pipeline Service for $??, NYT, C4.
  10. Arch Chemicals Inc. bought Walker Bros. unit of Consolidated Coatings for $??, NYT, C4.
  11. Grocer J. Sainsbury ends Egypt expansion - sells its 76.5% stake in 100 Egyptian stores to its minority partner, el-Nasharty for $??, by Suzanne Kapner, NYT, W1. ["There is an element of relief that they've excavated themselves from Egypt," said Sara Carter of Merrill Lynch.]
  12. 2 large agencies make acquisitions, eg: Ketchum is buying Stromberg Consulting for $??, by Stuart Elliott, NYT, C8.
4/07/2001  5 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $1.39575B -
  1. British credit cards sold - People's Bank will sell its Brit credit card operation to Citigroup for $526m, by Alan Cowell, NYT, B2.
  2. Catering acquisitions - Sodexho Alliance of France to buy Sogeres of France and Wood Dining Services of America from Albert Abela Corp. of Saudi Arabia and a 40% piece of Sogeres from BNP Paribas Capital for combined total of $475m, Bloomberg via NYT, B2.
  3. Raytheon to sell most of aviation support business, Ratheon Aerospace, to Veritas Capital for $270m, Reuters via NYT, B3.
  4. Temple-Inland to buy 10 Chesapeake box plants for $120m, Bloomberg via NYT, B3.
  5. Etc...Tweeter Home Entertainment Group to buy SMK Marketing for $4.75m, Globe Wire Services via BG, C1.
4/06/2001  7 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $1.51B + $$$undisclosed -
  1. Suiza is buying Dean Foods in $1.5B deal, AP via NYT, C4.
  2. Drew Industries to buy Kevco's Better Bath unit for $10m, NYT, C4.
  3. Bristol West Insurance Group via a unit bought Reliant Insurance and Reliant Casualty Insurance from Reliant Insurance unit of Reliance Group Holdings of NY for $??, NYT, C4.
  4. ChroniMed Inc. will buy Transplant Pharmacy unit of SangStat Medical for $??, NYT, C4.
  5. Book seller takes majority stake of eNews for $??, by Elizabeth Stanton, NYT, C4.
  6. An aluminum behemoth is born in Russia - Government approves big merger uniting most of nation's aluminum industry for $??, by Sabrina Tavernise, NYT, W1.
  7. High-tech merger - BreezeCOM and Floware Wireless Systems both in Israel to merge for $??, Reuters via NYT, W1.
4/05/2001  4 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $39m + $$undisclosed -
  1. Computer Network Technology Corp. bought Articulent for $36m, NYT, C4.
  2. Firecom Inc. to be bought by ALRM Acquisition for $3m, NYT, C4.
  3. Staples sold its Staples Communications unit to Platinum Equity for $??, NYT, C4.
  4. Sensormatic Electronics Corp. bought assets of BEC Technologies for $??, NYT, C4.
4/4/2001  7 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $1.2586B + $$undisclosed -
  1. Rail acquisition approved - EC OK'd Bombardier's $725m purchase of DaimlerChrysler's rail unit Adtranz, Bloomberg via NYT, W1.
  2. Meditrust sells 78 nursing homes & medical office bldg for $441m, Bloomberg via BG, D2.
  3. 3D Systems Corp. to buy DTM Corp. for $45m, NYT, C4.
  4. Industrial Holdings Inc. to be bought by T-3 Energy Services for $24.6m, NYT, C4.
  5. Harris Corp. to buy Exigent International for $23m, NYT, C4.
  6. United Technologies buys an air-conditioning business, Climatic Corp., for $??, Bloomberg via NYT, C4.
  7. Bingham Dana will merge with Richards & O'Neil for $??, NYT, C4.
4/03/2001  9 takeovers cited in NY Times (NYT) or Boston Globe (BG), totaling $1.55B + $$undisclosed -
  1. FleetBoston Financial sells its mortgage business to Washington Mutual for $660m, by Kimberly Blanton, BG, C1.
  2. Bowater says it will acquire Alliance Forest Products of Canada for $500m, AP via NYT, C4.
  3. LVMH Moet Hennessy Louis Vuitton of France will buy Donna Karan International for $243m, AP via NYT, C4.
  4. Church & Dwight to buy remainder of USA Detergents for 120+20= $140m, Reuters via NYT, C4.
  5. Pancho's Mexican Buffet Inc. will merge with a Stephen Oyster unit, Pancho's Restaurants, for $7m, NYT, C4.
  6. JB Oxford Holdings Inc. to buy Bull & Bear Securities for $??, NYT, C4.
  7. Brill Media Holdings confirms acquisition of Powerful Media, owner of Inside.com, for $??, Dow Jones via NYT, C6.
  8. WPP Group buys a German company, Icon Brand Navigation Group, for $??, by Stuart Elliott, NYT, C10.
  9. Etc. - Brodeur Worldwide said its parent, Omnicom Group, helped it buy majority of In-Comm of Korea for $??, Globe staff and wire services via BG, C10.
4/02/2001  1 weekend takeover cited in NY Times (NYT) or Boston Globe (BG), totaling $20B -

For earlier Mergers&Acquisitions, click on the desired date -

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