Largest Mergers and Acquisitions by Corporations, 2006

Largest Mergers and Acquisitions by
Corporations, 2006
March 8, 2007
John Williamson
Information Research Specialist
Knowledge Services Group



Largest Mergers and Acquisitions by
Corporations, 2006
Summary
Mergers and acquisitions (M&A) activity has continued to increase, especially
in each of the past three years. This report provides a listing of the largest M&A
transactions worldwide (value equivalent to $2 billion or more) that were proposed
during 2006. The report includes the dates on which transactions were completed
and shows M&A deals that were still pending as of December 31, 2006, or that were
not successful. These data have been drawn from publicly available sources and have
not been otherwise verified by the Congressional Research Service. This report will
not be updated.



Contents
In troduction ......................................................1
Largest Mergers and Acquisitions, 2006................................1
CRS Reports....................................................11



Largest Mergers and Acquisitions by
Corporations, 2006
Introduction
Mergers and acquisitions (M&A) activity has continued to increase, especially
in each of the past three years. The following table provides a listing of the largest
M&A transactions worldwide (value equivalent to $2 billion or more) that were
proposed during 2006. The table includes the dates on which transactions were
completed and shows M&A deals that were still pending as of December 31, 2006,
or that were not successful. These data have been drawn from publicly available
sources and have not been otherwise verified by the Congressional Research Service.
Largest Mergers and Acquisitions, 2006
(ranked by value; U.S. dollars in billions)
Acquirer, Sector, andTarget Firm, Sector and DateDateValue
New Name (if applicable)New Name (if applicable)AnnouncedCompleted($ billions)
Kohlberg Kravis Roberts & Co.Vivendi SA11/2/06Pending50.8b
Investors Conglomerate
Suez SAGaz de France2/27/06Pending37.98a
Utilities Utility
Banca Intesa SpASanpaolo IMI SpA8/26/061/2/0737.54a
Banking and finance Banking and finance
Blackstone GroupEquity Office Properties Trust11/20/06Pending36.0a
Investors Real estate investment trust
HCA managementHCA Inc.7/24/0612/18/0633.0a
Frist family Hospital management
Bain Capital Partners LLC
Kohlberg Kravis Roberts & Co.
Merrill Lynch & Co.
Investors
Aviva PlcPrudential Plc3/16/06Abandonedd29.3c
Insurance Insurance3/24/06
Statoil ASANorsk Hydro ASA, energy div.12/18/06Pending28.0c
Oil company Energy company
Apollo ManagementHarrahs Entertainment Inc.12/19/06Pending27.8a
Texas Pacific Group Gaming
Investors
Thomas H. Lee PartnersClear Channel Communications11/16/06Pending26.7a
Bain Capital Partners LLC Broadcasting and outdoor
Investors advertising
Wachovia Corp.Golden West Financial5/8/0610/1/0626.0a


Banking and finance Banking and finance

Acquirer, Sector, andTarget Firm, Sector and DateDateValue
New Name (if applicable)New Name (if applicable)AnnouncedCompleted($ billions)
Express Scripts Inc.Caremark Rx Inc.12/18/06Pending26.0c
Drug benefits manager Drug benefits manager
Freeport-McMoRan Copper &Phelps Dodge Corp.11/20/06Pending25.9a
Gold Inc. Mining
Mining
Mittal Steel Co. BVArcelor SA1/27/069/18/0622.7c
Steel Steel
Iberdrola SAScottish Power Plc11/27/06Pending22.5c
Electricity Electricity
Richard KinderKinder Morgan Inc.8/28/06200722.0a
Goldman Sachs Group Inc. Pipeline operator(projected)
American International Group
Inc.
Carlyle Group
Riverstone Holdings LLC
Investors
Bayer AGSchering AG6/14/069/13/0621.5c
Conglomerate Pharmaceuticals
Xstrata PlcFalconbridge Ltd.5/14/068/21/0621.2c
Mining Mining
CVS Corp.Caremark Rx11/1/06Pending21.02a
Drugstore chain operator Pharmacy-benefits manager
Grupo Ferrovial SABAA Plc6/8/068/15/0618.7c
Construction Airports operator
Anadarko PetroleumKerr-McGee Corp.6/23/068/11/0618.0a
Energy Energy
Teck Cominco Ltd.Inco Ltd.5/8/06Withdrawn17.76a
Mining Mining8/15/06
Inco Ltd.Falconbridge Ltd.5/11/06Withdrawn17.7c
Mining Mining9/5/06
Companhia Vale do Rio DoceInco Ltd.8/11/0610/25/0617.7c
SA Mining
Mining
Phelps Dodge Inc.Inco Ltd.8/10/06Withdrawn17.7c
Mining and smelting Mining9/5/06
Blackstone GroupFreescale Semiconductor Inc.9/15/0612/1/0617.6a
Carlyle Group Semiconductor manufacturer
Permira Funds
Texas-Pacific Group
Investors
Albertis Infrastructuras SAAutostrade SpA4/23/06Blocked by17.0b
Highway builder and operator Highway builder and operatorItalian
Go vt.
8/4/06
Johnson & Johnson Inc.Pfizer Inc. Consumer Products Div.6/26/0612/21/0616.6a
Pharmaceuticals Pharmaceuticals
Bank of New YorkMellon Bank12/04/06Pending16.5a
Banking and finance Banking and finance
Softbank KKVodafone Japan KK3/17/065/1/0615.3a


Telecommunications Telecommunications

Acquirer, Sector, andTarget Firm, Sector and DateDateValue
New Name (if applicable)New Name (if applicable)AnnouncedCompleted($ billions)
GlaxoSmithKline Plc.Pfizer Inc. Consumer products div.6/7/06Outbid15.0a
Pharmaceuticals Pharmaceuticals
Japan Tobacco Inc.Gallaher Group Plc12/14/06Pending14.7a
Tobacco products Tobacco products
Penn National Gaming Inc.Harrahs Entertainment Inc.12/14/06Outbid14.7a
Gaming Gaming12/19/06
Blackstone Group LPHutchison Essar Ltd.12/15/06Pending14.0c
Reliance Communications Ltd Mobile phone operator
Investors
Merck KGaASerono S.A.9/20/061/200713.3a
Pharmaceuticals Pharmaceuticals(projected)
Cemex SARinker Group Ltd.10/27/06Pending12.8c
Cement maker Building materials
Haim SabanUnivision Communications Inc.6/26/06Pending12.3c
Investor Broadcasting
Texas Pacific Group
Providence Equity Partners
Thomas H. Lee Partners
Madison Dearborn Partners
Investors
Citigroup Inc.GMAC1/27/0611/30/0611.6a
Cerberus Capital Management Banking and finance
Aozora Bank Ltd.
PNC Financial Services Group
Banking and finance
Liberty Media Corp.DirecTV Group12/22/06Pending11.0a
Telecommunications Broadcasting
Dane A. MillerBiomet Inc.12/18/06Pending10.9a
(Former CEO of Biomet) Orthopedic device manufacturer
Blackstone Group
Goldman Sachs Capital Partners
Kohlberg Kravis Roberts & Co.
Texas Pacific Group
Investors
Kohlberg Kravis Roberts & Co.Koninklijke Philips Electronics NV8/2/069/1/0610.25a
Silver Lake Partners LLCSemiconductor Division
Bain Capital Semiconductor manufacturer
Ap a x
AlpInvest Partners NV
Investors
Thermo ElectronFisher Scientific Inc.5/8/0611/9/0610.6a
Scientific instruments Scientific instruments
Thermo Fisher Scientific Inc.
Banco Popolare di Verona eBanca Popolare Italiana Scrl10/16/06Pending10.3c
Novara Scrl Banking and finance
Banking and finance
Regions Financial Corp.AmSouth Bancorp.5/25/0611/4/0610.0a
Banking and finance Banking and finance
Companhia SiderúrgicaCorus Plc11/17/06Pending10.0b
Nacional Steelmaker
Steelmaker
NYSE Group, Inc.Euronext NV5/22/06Pending9.96a


Stock exchange Stock exchange

Acquirer, Sector, andTarget Firm, Sector and DateDateValue
New Name (if applicable)New Name (if applicable)AnnouncedCompleted($ billions)
AXA SAWinterthur (div. Credit Suisse)6/12/0612/22/069.93a
Insurance Insurance
Cerberus CapitalAlbertsons1/23/066/2/069.8a
Investors Groceries
Kimco Realty Corp.
Real estate
Supervalu Inc.
Groceries wholesaling and
retailing
Crédit Agricole SAAlliance & Leicester Plc.5/22/06Withdrawn9.6b
Banking and finance Banking and finance8/9/06
NTL PlcITV Plc11/11/06Pending9.5b
Broadcasting Broadcasting
Smith & Nephew PlcBiomet Inc.11/2/06Outbid9.1c
Orthopedic products Orthopedic products12/18/06
Brookfield Properties Corp.Trizec Properties Inc.6/5/0610/5/068.9c
Blackstone Group Real estate
Investors
Macquarie Bank Ltd.Thames Water10/17/06Pending8.9c
Macquarie European Utility
Infrastructure Fund
Macquarie European
Infrastructure Fund II
Investors
Kohlberg Kravis Roberts & Co.GMAC Commercial Holding Corp.3/23/064/3/068.8c
Five Mile Capital LLC Commercial mortgage unit of
Goldman Sachs Group Inc. GMAC
Investors
Capmark Financial Group Inc.
Macquarie Bank Ltd.Quantas Airways Ltd.11/22/06Pending8.7c
Texas Pacific Group Airline
Investors
Goldcorp Inc.Glamis Gold Ltd.8/31/0611/7/068.6c
Mining and minerals Mining and minerals
Joseph NeubauerAramark Corp.8/8/06Pending8.3a
(Aramark CEO) Food service
GS Capital Partners
CCMP Capital Advisers
J.P. Morgan Partners
Thomas H. Lee Partners
Warburg PincusLLC
Tata Steel Ltd.Corus Plc10/17/06Pending8.23a
Steelmaker Steelmaker
Merrill, Lynch & Co.BlackRock Inc.2/13/066/30/068.0a
Brokerage Money management
Chicago Mercantile ExchangeChicago Board of Trade Inc.10/17/06Pending8.0c
Inc. Futures trading exchange
Commodities trading
exchange
US Airways Inc.Delta Air Lines 11/15/06Pending8.0b


Airline Airline

Acquirer, Sector, andTarget Firm, Sector and DateDateValue
New Name (if applicable)New Name (if applicable)AnnouncedCompleted($ billions)
Kohlberg Kravis Roberts & Co.ProSiebenSat1 Media AG12/13/06Pending8.0a
Permira Advisers LLP Broadcaster
Investors
Silvio BerlusconiProSiebenSat1 Media AG11/2/06Outbid7.5a
Investor Broadcaster12/13/06
Walt Disney Co.Pixar Inc.1/24/065/5/067.4a
Conglomerate Entertainment producer
Royal Dutch Shell, PlcShell Canada Ltd. (22% not owned)10/23/06Pending6.8c
Petroleum/energy Petroleum/energy
Resolution PlcAbbey National, Life Insurance6/7/069/1/066.7c
Insurance Div.
Insurance
Temasek Holdings Pte.Peninsular & Oriental Steam1/10/06Outbid6.17c
Singapore government Navigation Company
Ports operator
Banche Popolari Unite ScarlBanca Lombarda SpA11/14/06Pending6.15b
Banking and finance Banking and finance
Schneider Electric SAAmerican Power Conversion Corp.10/30/06Pending6.1c
Electrical equipment Emergency power systems
SL Green Realty Corp.Reckson Associates Realty Corp.8/3/06Pending6.0a
Real estate Real estate
Apollo Management LPRealogy Corp.12/18/06Pending6.0c
Investors Real estate broker
Suncorp-Metway Ltd.Promina Group Ltd.10/12/06Pending5.7c
Insurance Insurance
Nycomed Holding A/SAltana AG Pharmaceutical Div.9/21/0612/29/065.7c
Danish investment vehicle Pharmaceuticals
Carlyle GroupAdvanced Semiconductor11/24/06Pending5.7c
Investors Engineering Inc.
Semiconductor packager
UCB SASchwarz Pharma AG9/25/06Pending5.6c
Pharmaceuticals Pharmaceuticals
MTN Group Ltd.Investcom LLC5/2/067/31/065.5c
Telecommunications Telecommunications
Advanced Micro Devices Inc.ATI Technologies Inc.7/22/0611/30/065.5c
Semiconductor maker Computer graphics chips
Tishman Speyer Properties LPStuyvesant Town-Peter Cooper10/17/0611/17/065.4c
Property ownerVillage (owned by MetLife Inc.)
BlackRock Inc. Apartment complex
Real estate division
Siemens AGBayer AG, Diagnostics Unit6/29/061/1/075.34a
Conglomerate Diagnostical instruments
China Mobile CommunicationsMillicom International Cellular SA5/24/06Withdrawn5.3a
Corp. Telecommunications7/4/06
Telecommunications
Goldman Sachs Group Inc.Associated British Ports Holdings6/14/068/28/065.3c
Investment bankPlc.
Ports operator
Anadarko Petroleum Corp.Western Gas Resources Inc.6/23/068/23/065.26a


Energy Energy

Acquirer, Sector, andTarget Firm, Sector and DateDateValue
New Name (if applicable)New Name (if applicable)AnnouncedCompleted($ billions)
Health Care Property InvestorsCNL Retirement Properties Inc.5/2/0610/9/065.2a
Inc. Health care properties
Health care property owner
Grupo Martinsa SAFadesa Inmobiliaria SA9/28/06Pending5.1c
Investor Real estate
Kohlberg Kravis Roberts & Co.Kion Group (div. Linde AG)11/5/06Pending5.1c
Goldman Sachs Group, Inc. Materials handling manufacturer
Investors
Danske BankSampo Bank11/9/06Pending5.1b
Banking and finance Banking and finance
Nasdaq Stock Market Inc.London Stock Exchange Group Plc11/20/06Pending5.1c
Stock exchange Stock exchange
BASF AGEngelhard Corp.1/3/066/12/064.9c
Chemicals Pollution control devices
Bank of Cyprus Ltd.Emporiki Bank of Greece SA6/22/06Withdrawn4.8c
Banking and finance Banking and finance7/19/06
Canadian Natural ResourcesAnadarko Canada Ltd.9/14/0611/2/064.8c
Ltd. Energy
Energy
Frank Fertitta, IIIStation Casinos, Inc.12/4/06Pending4.7c
Lorenzo Fertitta Casino operator
Colony Capital LLC
Investors
Lottomatica SpAGtech Holdings Corp.1/10/068/29/064.65c
Gaming company Lottery services
Carl IcahnReckson Associates Realty Corp.11/16/06Macklowe4.6a
Investor Real estateand Mac-
Macklowe PropertiesCali
Mac-Cali Realty, LPwithdraw
Real estate12/4/06
Charterhouse Capital PartnersVivarte SA12/14/06Pending4.6c
LLP Retailer
Investor
Hewlett-Packard Corp.Mercury Interactive Corp.7/25/0611/1/064.5a
Conglomerate Software
Blackstone Group Travelport Div., Cendant Corp.6/30/068/23/064.3a
Investors Travel services distributor
Kohlberg Kravis Roberts & Co.PagesJaunes Groupe SA7/24/0610/11/064.3a
Goldman Sachs Group Inc. Telephone directories
Investors
Carl IcahnReckson Associates Realty Corp.12/4/06Rejected4.3a
Investor Real estate12/5/06
Crédit Agricole SAEmporiki Bank of Greece SA6/13/068/16/064.2a
Banking and finance Banking and finance
Cerberus Capital ManagementBank Fuer Arbeit Und Wirtschaft12/14/06Pending4.2a
LP AG
Investor Banking and finance
TransCanada Corp.ANR Pipeline Co.12/22/06Pending4.13a


TC Pipelines LPGreat Lakes Gas Transmission
Natural gas (50%)
Pipeline owners/operators

Acquirer, Sector, andTarget Firm, Sector and DateDateValue
New Name (if applicable)New Name (if applicable)AnnouncedCompleted($ billions)
Berkshire Hathaway Inc.Iscar Metalworking Companies Ltd.5/5/067/5/064.0a
Conglomerate Metalworking
Kimco Realty Corp.Pan Pacific Retail Properties Inc.7/10/069/10/064.0a
Real estate Real estate
Network Healthcare HoldingsGeneral Healthcare Group Plc.4/25/067/15/063.9c
Ltd. (Netcare) Medical services provider
Medical services provider
Motorola Inc.Symbol Technologies Inc.9/19/06Pending3.9c
Electronics Handheld bar scanners
Permira Advisers Ltd.EMI Group Plc12/7/06Pending3.9a
Investors Music
Power Corp. of CanadaPutnam Investment12/29/06Pending3.9a
Holding company Money management
Apollo Management LPGE Advanced Materials unit.9/14/0612/3/063.8c
Investors Plastics
Momentive Performance Materials
Dynegy Inc.LS Power Group Inc.9/16/06Pending3.8a
Power generator Power generator
Isadore SharpFour Seasons Hotels, Inc.11/6/06Pending3.7c
(Founder and Chairman Hotel owner/operator
Fours Seasons Hotels, Inc.)
Bill Gates
Prince Alwaleed bin Talal
Investors
Abbot Laboratories, Inc.Kos Pharmaceuticals, Inc.11/6/06Pending3.7c
Pharmaceuticals Pharmaceuticals
Derwent Valley Holdings PlcLondon Merchant Securities Plc11/14/06Pending3.7b
Real estate Real estate
Kelso & Co.Adesa Inc.12/22/06Pending3.7c
Goldman Sachs Group Inc. Auto auction operator
ValueAct Capital
Parthenon Capital
Investors
Sol KerznerKerzner International Ltd.3/20/068/31/063.6a
Butch Kerzner Real estate development
Istithmar PJSC
Whitehall Street Global Real
Estate L.P. 2005
Colony Capital LLC
Providence Equity Partners Inc.
Related Cos., L.P.
Investors
Home Depot Inc.Hughes Supply Inc.1/10/063/31/063.51c
Home-improvement retailer Building supply
Hankyu Holdings Inc.Hanshin Electric Railway Co.5/30/0610/1/063.5a
Railroad operator Railroad operator
Reynolds American Inc.Conwood Co.4/25/065/31/063.5a
Tobacco Tobacco
Swisscom SASwisscom Mobile (25% not owned)11/8/0612/20/063.48a
Telecommunications Mobile telephone operator
LSI Logic Inc.Agere Systems Inc.12/4/06Pending3.45a


Chipmaker Chipmaker

Acquirer, Sector, andTarget Firm, Sector and DateDateValue
New Name (if applicable)New Name (if applicable)AnnouncedCompleted($ billions)
Rite Aid Inc.Eckard Drug, Brooks Drug8/23/06Pending3.4a
Drug stores Drug stores
Riverdeep Holdings PlcHoughton-Mifflin Co.11/28/0612/22/063.4a
Educational software Publishing
Houghton-Mifflin Riverdeep
Group Plc
Weyerhauser Inc.Domtar, Inc.8/23/06Pending3.3c
Forest products Forest products
Bank of AmericaU.S. Trust11/20/06Pending3.3a
Banking and finance Private bank
Onex Corp.Raytheon, Raytheon Aircraft (div.)12/20/06Pending3.3a
Goldman Sachs Capital Partners Aircraft manufacturer
Investors
Broadway Real Estate PartnersJohn Hancock Tower12/29/06Pending3.3a
LLC (owned by Beacon Capital Partners
Real estate LLC)
Property
Huntington Bancshares Inc.Sky Financial Group Inc.12/20/06Pending3.29a
Banking and finance Banking and finance
Prince Alwaleed bin TalalFairmont Hotels & Resorts Inc.1/30/065/11/063.2c
Colony Capital LLC Hotels
Investors
Centro Properties GroupHeritage Property Investment Trust7/10/0610/5/063.2c
Real estate Real estate
Oshkosh Truck Corp.JLG Industries, Inc.10/16/0612/6/063.2a
Motor vehicles Construction equipment
Mittal Steel Co.Arcelor Brasil SA10/25/06Pending3.2a
Steel Steel
Vivendi SA Polska Telefonia Cyfrowa (49%)9/26/06Lawsuit3.19a
Utilities Mobile telephonyfiled against
D e ut sc he
Telekom
10/23/06
Tenaris SAMaverick Tube Corp.6/13/0610/5/063.185c
(Div. Techint Argentina SA) Pipe manufacturer
Pipe manufacturer
Babcock & Brown Ltd.Eircom Group Plc5/23/068/18/063.1c
Investors Telecommmunications
Compagnie Generale deVeritas DGC Inc.9/5/061/12/073.1a
Geophysique Geophysical information, services(projected)
Seismic equipment, services
Citigroup Inc.Akbank (20%)10/17/06Pending3.1b


Banking and finance Banking and finance

Acquirer, Sector, andTarget Firm, Sector and DateDateValue
New Name (if applicable)New Name (if applicable)AnnouncedCompleted($ billions)
Citigroup Inc.Guangdong Development Bank11/16/0612/19/063.1b
Société Generale SA Banking and finance
Banking and finance
Ping An Insurance Group
Insurance
International Business Machines
Computer-services provider
China Life
Insurance
State Grid Corp.
Electricity distribution
Citic Trust & Investment Corp.
China Puhua Investment
Investment company
PAI PartnersLaFarge SA, Roofing Tile Division12/4/06Pending3.09c
Investors Roofing tiles
Macquarie Bank Ltd.Duquesne Light Holdings Inc.7/5/06Pending3.0a
Banking and finance Power distribution
Castor Holdings LLC Duquesne Light Holdings
Blackstone Group LPUnited Biscuits Plc10/25/0611/12/063.0c
PAI Partners Food company
Investors
Fortress Investment Group LLCIntrawest Corp.8/11/0610/26/062.8a
Investors Resort operator
Loral Space & CommunicationsTelesat, Div. BCE Inc.12/18/06Pending2.8a
Inc. Satellite service company
Conglomerate
Belgacom SAProximus SA8/25/0611/1/062.6c
Telecommunications Mobile operator
Ferd ASSIG AG9/26/06Pending2.6b
Holding company Aseptic packaging
Fomento de Construcciones &Waste Recycling Group Ltd.7/17/067/17/062.55c
Contratas SA Recycling
Construction
Citadel BroadcastingABC Radio1/23/06Pending2.5a
Broadcasting Broadcasting
Terra Firma Capital Partners LPAWAS1/30/063/24/062.5c
Investors(Morgan Stanley Aircraft Leasing
Div.)
Aircraft leasing
Evraz Group SAOregon Steel Mills Inc.11/20/06Pending2.5a
Steel Steel
Kohlberg Kravis Roberts & Co.Seven Network Ltd. (50%)11/20/06Pending2.5c
Investors Broadcasting
SeaDrill Ltd.Smedvig ASA1/9/064/3/062.4c
Oil drilling Oil drilling
Ripplewood Holdings LLCReader’s Digest Association Inc.11/16/06Pending2.4b


J. Rothschild Group Publisher
Merrill Lynch Capital Corp.
GoldenTree Asset Management
GSO Capital Partners
Magnetar Capital
Investors

Acquirer, Sector, andTarget Firm, Sector and DateDateValue
New Name (if applicable)New Name (if applicable)AnnouncedCompleted($ billions)
Premier Foods Plc.RHM Plc12/4/06Pending2.4c
Groceries Groceries
Ontario Teachers Pension FundOrient Overseas (International) Ltd.11/23/06Pending2.35a
Investor(4 North American container ports)
Ports operator
Givaudan SAQuest International11/22/06Pending2.3c
Flavors and fragrances div. Imperial Chemical Industries
Plc.
Flavors and fragrances
Permira FundsUnilever NV Frozen Foods8/28/069/1/062.21a
Investor Div.
Processed food
Banco Itau Holding FinanceiraBankBoston do Brasil5/2/068/7/062.2c
SA Banking and finance
Banking and finance
Barr Pharmaceuticals Inc.Pliva d.d.6/26/0611/20/062.2c
Pharmaceuticals Pharmaceuticals
Apax Partners Worldwide LLPCapio AB9/1/06Pending2.2c
Nordic Capital Fund VI Hospital operator
Investors
CB Richard Ellis Group Inc.Trammell Crow Co.10/31/0612/20/062.2c
Real estate broker Property management
Banco Bilbao VizcayaTexas Regional Bancshares6/12/0611/12/062.17a
Argentaria SA(dba Texas State Bank)
Banking and finance Banking and finance
Thales SAAlcatel-Lucent SA 12/4/06Pending2.14c
Defense conglomerate Satellite, Transport, Security
Divisions.
Vivendi SABMG (Bertelsmann Music Group)9/6/06Pending2.1c
Conglomerate (div. Bertelsmann AG)
Music publisher
Eli Lilly & Co.Icos Corp.10/17/06Pending2.1a
Pharmaceuticals Biotechnology
Graceway Pharmaceuticals Inc.3M Pharmaceutical Div.11/9/061/2/072.1c
Pharmaceuticals Pharmaceuticals
Meda AB
Ironbridge Capital
Archer Capital
Investors
John Fairfax Holdings Ltd.Rural Press Ltd.12/6/06Pending2.1c
Newspaper publishing Newspaper publishing
GlaxoSmithKline PlcGenmab A/S12/19/06Pending2.1c
Pharmaceuticals Biotechnology
Telefon AB L.M. EricssonRedback Networks Inc.12/20/06Pending2.1a
Telecommunications Routing equipment manufacturer
Promociones Habitat SAFerrovial Immobiliaria SA12/29/06Pending2.1c
Real estate Real estate
Bain Capital Partners LLCBurlington Coat Factory Warehouse1/18/064/13/062.06a


Investors Corp.
Retailer

Acquirer, Sector, andTarget Firm, Sector and DateDateValue
New Name (if applicable)New Name (if applicable)AnnouncedCompleted($ billions)
HBOS PlcMcCarthy & Stone Plc8/1/069/4/062.05c
Mortgage bank Retirement-home developer
Simon & David Reuben
Victor Tchenguiz
Investors
Hospira Inc.Mayne Pharma Ltd.9/20/061/30/072.0a
Hospital products Pharmaceuticals(projected)
Sources: Mergerstat Online [http://www.mergerstat.com]; Mergers & Acquisitions Magazine, various issues; The
Wall Street Journal, various dates; The Financial Times, various dates; announcement and closing dates from
The Wall Street Journal or The Financial Times, various dates.
Notes: Values given for transactions are expressed as the value of the combined assets of the two firms when there
is a merger. In an acquisition, the value shown is the purchase price of the target corporation. These figures
sometimes vary from one source to another and can change as the market value of the companys stock changes;
values are shown in U.S. Dollars. U.S. Dollar value can fluctuate with changes in exchange rates.
a. Value source, The Wall Street Journal.
b. Value source, The Financial Times.
c. Value source, Bloomberg.com.
d. Kate Burgess and Andrea Felsted, “Aviva and Pru left vulnerable as bid ends Investors at risk as £17bn
takeover is scrapped,” Financial Times, Mar. 25, 2006, p. 1.
The designation “Pending” often indicates that regulatory approval needed for actual merger has not been
obtained.



CRS Reports
For activity in previous years, see these earlier CRS reports:
CRS Report RL33329, Largest Mergers and Acquisitions by Corporations: 2005, by John
Williamson.
CRS Report RS21726, Largest Mergers and Acquisitions by Corporations: 2004, by John
Williamson.
CRS Report RS21415, Largest Mergers and Acquisitions by Corporations: 2003, by John
Williamson.
CRS Report RS21147, Largest Mergers and Acquisitions by Corporations: 2002, by John
Williamson.
CRS Report RS20804, Largest Mergers and Acquisitions by Corporations: 2001, by John
Williamson.
CRS Report RS20504, Twenty-five Largest Mergers and Acquisitions by Corporations: 2000,
by John Williamson.
CRS Report RS20503, Twenty-five Largest Mergers and Acquisitions by Corporations: 1999,
by John Williamson.
CRS Report RS20502, Twenty-five Largest Mergers and Acquisitions by Corporations: 1998,
by John Williamson.