Untitled
Vodafone
Mannesmann
$203 billion
AOL
Time Warner
$182 billion
MCI
Sprint
$115 billion
Pfizer
Warner-Lambert
$ 85 billion
Exxon
Mobil
$ 77 billion
BP
Amoco
$ 94 billion
Table 2
: Global M&A top ten deals (Jan 1 to Jun 19 2000
Target
Acquirer
Value of deal ($m)
Time Warner (US)
American Online (US)
181,940.5
SmithKline Beecham (UK)
Glaxo Wellcome (UK)
78,384.5
Nortel Networks (Canada)
Shareholders (Canada)
61,658.7
Orange (Mannesmann) (UK)
France Telecom (France)
45,967.1
Seagram (Canada)
Vivendi (France)
42,782.6
Cable & Wireless HKT (Hong Kong)
Pacific Century Cyberworks (Hong Kong)
35,495.1
Bestfoods (US)
Unilever (UK)
23,699.2
Network Solutions (US)
VeriSign (US)
21,003.0
Allied Zurich (UK)
Zurich Allied (Switzerland)
19,399.1
Seat Pagine Gialle (Italy)
Tin.it (Italy)
18,694.3
Source: Thomson Financial Securities Data (reproduced in the Financial Times of 30 June 2000)
Table 3
: M&A top ten acquisitions of US companies (Jan 1 to Jun 19 2000)
Target
Acquirer
Value of deal ($m)
Time Warner
America Online (US)
181,940.5
Bestfoods
Unilever (UK)
23,699.2
Network Solutions
VeriSign (US)
21,003.0
Seagate Technology
Veritas Software (US)
17,677.2
Coastal Corp
El Paso Energy (US)
15,678.6
E-Tek Dynamics
JDS Uniphase (US)
15,244.7
Times Mirror
Tribune (US)
11,628.2
Lycos
Terra Networks (Telefonica) (Spain)
10,264.4
Champion International
International Paper (US)
9,647.1
Nabisco Group Holdings
Carl Icahn
8,554.0
Source: Thomson Financial Securities Data (ibid).
Table 4
: M&A top ten acquisitions of European companies (Jan 1 to Jun 19 2000)
Target
Acquirer
Value of deal ($m)
SmithKline Beecham (UK)
Glaxo Wellcome (UK)
78,384.5
Orange (Mannesmann) (UK)
France Telecom (France)
45,967.1
Allied Zurich (UK)
Zurich Allied (Switzerland)
19,399.1
Seat Pagine Gialle (Italy)
Tin.it (Italy)
18,694.3
Norwich Union (UK)
CGU (UK)
11,858.3
Credit Commercial de France (France)
HSBC Holdings (UK)
11,223.0
Mannesmann Atecs (Germany)
Investor Group (Germany)
9,394.1
Telia AB (Sweden)
Investors (Unknown)
8,897.0
AOL Europe, AOL Australia (Germany)
America Online (US)
8,250.0
Dordtsche Petroleum (Netherlands)
Investor group (Netherlands)
8,125.2
Source: Thomson Financial Securities Data (ibid.)
Table 5
: M&A top ten acquisitions of UK companies (Jan 1 to Jun 19 2000)
Target
Acquirer
Value of deal ($m)
SmithKline Beecham (UK)
Glaxo Wellcome (UK)
78,384.5
Orange (Mannesmann) (UK)
France Telecom (France)
45,967.1
Allied Zurich (UK)
Zurich Allied (Switzerland)
19,399.1
Norwich Union (UK)
CGU (UK)
11,858.3
Compass Group
Granada Group (UK)
8,089.7
Robert Fleming Holdings
Chase Manhattan Corp. NY (US)
7,697.6
MEPC
Leconport Estates (Multi-national)
5,233.2
Burmah Castrol
BP Amoco (UK)
5,104.4
Pearson Television
CLT-UFA (Cie Luxembourgeoise) (Lux)
4,249.1
Flextech
Telewest Communications (UK)
3,750.5
Source: Thomson Financial Securities Data (ibid.)
Table 6
: Asian M&As – top five Asian M&A deals, 2000
Rank
Target
Sector
Acquirer
Value of deal ($bn)
1
Dai-ichi Kangyo Bank
Banks
Fuji Bank
40.1
2
Cable & Wireless HKT
Telecommunications
Pacific Century Cyberworks
37.4
3
Beijing Mobile
Telecommunications
China Mobile (Hong Kong)
34.0
4
Industrial Bank of Japan
Banks
Fuji Bank
30.8
5
KDD
Telecommunications
DDI
15.8
Table 7
: 12 largest US bank deals from Dec 1995 to the beginning of June 1999
Buyer
Seller
Deal value($bn)
Date announced
First Union
CoreStates Financial
17.1
Nov 97
NationsBank
Barnett Banks
15.5
Aug 97
Wells Fargo
First Interstate
12.3
Jan 96
Firstar
Mercantile Bancorp
10.7
Apr 99
NationsBank
Boatmen’s Bancshares
9.7
Aug 96
Sun Trust Banks
Crestar Financial
9.6
Jul 98
Deutsche Bank
Bankers Trust
9.6
Nov 98
First Bank System US
Bancorp
9.1
Mar 97
National City
First of America
7.1
Dec 97
Amsouth
First America
5.8
Jun 99
Bank of America*
NationsBank*
67.0
Apr 98
Bank One*
First Chicago*
30.0
Apr 98
Travelers*
Citicorp
83.0
Apr 98
*These mergers were mergers of equals
Source: Financial Times, 8 June 1999
Table 8
: Top 10 world banks (by total assets), September 2000
Bank
Country
Assets ($bn)
Fuji-IBJ-DKB
Japan
1,480.5
Sanwa-Asahi-Tokai
Japan
1,055.8
Sumitomo-Sakura
Japan
960.0
Bank of Tokyo-Mitsubishi
Japan
691.0
PNB-Parisbas
France
673.7
Citigroup
US
668.6
Bank of America
US
617.7
Deutsche Bank
Germany
600.0
UBS
Switzerland
564.2
HSBC Holdings
UK
483.1
(Source: Reuters Securities 3000, reproduced in the Financial Times of 28 September 2000)