Twenty-five Mergers and Acquisitions by Corporations: 2000

CRS Report for Congress
Received through the CRS Web
Twenty-five Largest Mergers and Acquisitions
by Corporations: 2000
John Williamson
Technical Information Specialist
Resources, Science, and Industry Division
Summary
The rate of corporate mergers and acquisitions both in the United States and
internationally increased throughout the 1990s. Many analysts believe that the value of
mergers peaked at $3.48 trillion³ in 2000. This report provides a listing of the twenty-⁺
five largest mergers or acquisitions for the year 2000. Completion dates for the mergers
or acquisitions are included. These data have been drawn from publicly available sources
and have not been otherwise verified by CRS. This report will be updated as warranted.
Twenty-five Largest Mergers or Acquisitions: 2000 (ranked by value)
(All amounts cited are U.S. Dollars)
Acquirer,
Sector, andTarget FirmDateDateValue
New Name (if applicable) and SectorAnnouncedCompleted($ billions)
* The designation “Pending” often indicates that regulatory approval needed for actual merger has not
been obtained.
GlaxoWellcomeSmithkline Beecham plc1/17/0012/27/00$189.00³
Pharmaceuticals Pharmaceuticals
GlaxoSmithKline plc
AOL TimeWarner 1/10/00 1/11/01 $181.00³
Telecommunications Telecommunications
AOL TimeWarner
Deutsche TelekomVoiceStream7/12/00Pending*51.8³
Telecommunications Telecommunications
General Electric CompanyHoneywell Inc.10/22/00Pending*45.0⁴
Conglomerate Conglomerate
Chevron Inc.Texaco Inc.10/13/00Pending*43.0⁴

Oil Oil
⁺ For the top 25 mergers of 1998, see RS20502, Twenty-five Largest Mergers and Acquisitions
by Corporations: 1998; for the top 25 mergers of 1999, see RS20503, Twenty-five Largest
Mergers and Acquisitions by Corporations: 1999;for the top 25 mergers of 2000, see RS20504,
Twenty-five Largest Mergers and Acquisitions by Corporations: 2000; and for the largest mergers
of 2001, see RS20804, Largest Mergers and Acquisitions by Corporations: 2001.
Congressional Research Service The Library of Congress

Acquirer,
Sector, andTarget FirmDateDateValue
New Name (if applicable) and SectorAnnouncedCompleted($ billions)
* The designation “Pending” often indicates that regulatory approval needed for actual merger has not
been obtained.
France Telecom S.A.Orange plc5/24/008/24/0036.0³
Telecommunications Telecommunications
Vivendi S.A.Joseph Seagram Co. Ltd.6/14/0012/8/0035.0³
Conglomerate Entertainment and alcoholic
Canal Plus S.A. beverages
Entertainment
Vivendi Universal S.A.
Chase Manhattan BankJ.P. Morgan & Co.9/12/0012/31/0034.4⁴
Banking & Finance Banking & Finance
J.P. Morgan, Chase & Co.
HypoVereinsbank Bank Austria7/22/009/28/0032.4⁴
Banking and finance Banking and finance
Sanwa Bank Ltd.Tokai Bank Ltd.3/14/00Pending*30.5²
Banking and financeToyo Trust Ltd.(projected
United Financial Group Banking and finance4/01)
British Telecommunications plcAirtel S.A.6/12/006/12/0023.0³
Vodafone AirTouch plc Telecommunications
Telecommunicaitons
Unilever Bestfoods 5/3/00 10/4/00 20.5⁴
Consumer goods Consumer goods
Pacific Century Cyber-worksHong Kong Telephone2/29/008/17/0019.0⁴
Telecommunications Telecommunications
Deutsche PostDHL Worldwide Express Inc.9/13/001/02/0118.92⁴
Postal Service and Logistics Delivery company
Philip MorrisNabisco Holdings6/25/0012/11/0018.9³
Conglomerate Food stuffs
JDS UniphaseSDL7/10/00Pending*17.0⁴
Fiber optic components Fiber optic components
VeriSign Network Solutions Inc.3/6/006/9/0015.3⁵
Telecommunications Telecommunications
PepsicoQuaker Oats12/4/00Pending*15.1²
Beverages and foods Beverages and foods
Granada plcCompass plc5/15/007/28/0014.4⁴
Media, hotels and food service Catering and food service
Granada Compass plc
JDS Uniphase Corp.E-Tek Dynamics Inc.2/7/006/28/0014.25²
Fibre optic supplies Fibre optic supplies
Vivendi S.A.Canal Plus S.A. (51% not6/19/0012/8/0014.05²
Conglomeratealready owned)
Entertainment
FPL GroupEntergy Corporation7/31/00Pending*13.9³
Energy company Energy company(projected

10/01)

Cap Gemini SAErnst & Young2/29/005/31/0013.2⁴
Management services Consulting services
Cap Gemini Ernst & Young
Viacom Inc.Infinity Broadcasting (35.7%8/15/00Pending*12.5⁴

Entertainment and broadcastingnot already owned by Viacom)(projected
Entertainment and2/01)
broadcasting

Acquirer,
Sector, andTarget FirmDateDateValue
New Name (if applicable) and SectorAnnouncedCompleted($ billions)
* The designation “Pending” often indicates that regulatory approval needed for actual merger has not
been obtained.
Union Bank of SwitzerlandPaineWebber7/12/0011/3/0012.0⁴
(UBS) Stockbroker
Banking and finance
Note: 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 company’s stock
changes, values are shown in U.S. Dollars. U.S. Dollar value can fluctuate with changes in exchange rates.
The values shown above are derived from the following sources:
¹ Source for value: Mergers & Acquisitions.
² Source for value: Mergerstat.
³Source for value: The Wall Street Journal.
⁴ Source for value: The Financial Times.
⁵ Source for value: The Washington Post.
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.