List of Principal Cross-Border and Multinational Merger and Acquisition Transactions
APPROXIMATE VALUE OF TRANSACTIONACQUIRING COMPANYACQUIRED, SELLING OR TARGET COMPANYTYPE OF TRANSACTIONMATTER CLIENT
$55 billion Vivendi S.A. The Seagram Company Ltd. and Canal Plus S.A. Stock Merger The Seagram Company Ltd.
$10.6 billion The Seagram Company, Ltd. PolyGram N.V. Tender Offer/Stock Merger The Seagram Company, Ltd.
$9.1 billion Northern Telecom Limited Bay Networks, Inc. Stock Merger Bay Networks, Inc.
$8.25 billion America Online, Inc. Bertelsmann AG’s European and Australian joint ventures Recapitalization America Online, Inc.
$8.15 billion Diageo PLC and Pernod Richard Seagram’s wine and liquor businesses Sale of Assets The Seagram Company, Ltd.
$7.7 billion The Chase Manhattan Corporation Robert Fleming Holdings Ltd. Cash and Stock Merger The Chase Manhattan Corporation
$6.6 billion BCE Inc. Teleglobe Inc. Acquisition of Stock U.S. Counsel to Teleglobe Inc.
$5.6 billion Reed Elsevier Harcourt General Inc. Cash Merger Harcourt General Inc.
$4.9 billion Scottish Hydro-Electric PLC Southern Electric PLC Stock Merger of Equals Scottish Hydro-Electric PLC
$4.7 billion BP Amoco PLC Burmah Castrol PLC Stock Merger U.S. Counsel to Burmah Castrol PLC
$4 billion Kohlberg Kravis Roberts & Co. Legrand S.A., a division of Schneider Electronic S.A. LBO/Stock Merger Kohlberg Kravis Roberts & Co.
$3.8 billion BASF The Cyanamid agricultural unit of American Home Products Corp. Cash Merger American Home Products Corp.
$3.6 billion Coca Cola FEMSA, S.A. de C.V. Panamerican Beverages Inc. (“Panamco”) Cash and Stock Merger The controlling stockholders (“Voting Trust”) of Panamco
$3.6 billion Royal Ahold N.V. U.S. Foodservice Stock Merger U.S. Foodservice
$3.6 billion Owens-Illinois, Inc. The glass and plastic packaging businesses of BTR plc Stock Purchase Owens-Illinois, Inc.
$3.5 billion Teleglobe Inc. Excel Communications Inc. Stock Merger Teleglobe Inc.
$3.2 billion Power Gen plc LG&E Energy Corp. Cash Merger LG&E Energy Corp.
$3.2 billion Reckitt & Colman plc Benckiser N.V. Stock Merger Reckitt & Colman plc
$2.7 billion Quebecor Printing Inc. World Color Press, Inc. Cash Merger/Tender Offer World Color Press, Inc.
$2.7 billion VNU USA, Inc., a subsidiary of VNU N.V. Nielsen Media Research Tender Offer/Cash Merger Nielsen Media Research
$2.6 billion Innogy plc Yorkshire Power PLC Cash Merger American Electric Power, joint owner of Yorkshire Power plc
$2.6 billion Telefónica S.A. Motorola Inc.’s mobile phone service companies Purchase of Stock Telefónica S.A.
$2.5 billion BNP Paribas Outstanding shares of BancWest Corporation Cash Merger BancWest Corporation
$2.4 billion Canadian National Railway Company Illinois Central Corporation Tender Offer/Cash Merger Illinois Central Corporation
$2.3 billion VNU N.V. ACNielsen Corporation Stock Merger ACNielsen Corporation
$1.95 billion Kohlberg Kravis Roberts & Co. and Ontario Teachers Pension Fund Bell Yellow Pages Acquisition Kohlberg Kravis Roberts & Co. and Ontario Teachers Pension Fund
$1.93 billion Continental AG The automotive brake and chassis business of ITT Industries, Inc. Cash Merger ITT Industries, Inc.
$1.8 billion British Telecommunications Plc and AT&T Corp. Japan Telecom Co. Sale of 30% Interest Japan Telecom Co.
$1.8 billion Kohlberg Kravis Roberts & Co. Shoppers Drug Mart, a unit of British American Tobacco plc LBO/Cash Merger Kohlberg Kravis Roberts & Co.
$1.8 billion Stagecoach Holdings plc Coach USA, Inc Third Party Cash Tender Offer/Merger Stagecoach Holdings plc
$1.7 billion Philips Electronics N.V. The medical products business of Agilent Technologies Inc. Sale of Assets Agilent Technologies Inc.
$1.7 billion Valeo S.A. The electrical systems business of ITT Industries, Inc. Sale of Assets ITT Industries, Inc.
$1.6 billion Kohlberg Kravis Roberts & Co. Engineering division of Siemens AG LBO/Acquisition Kohlberg Kravis Roberts & Co.
$1.5 billion AirTouch Cellular, a subsidiary of Vodafone AirTouch plc CommNet Cellular Inc. Cash Merger CommNet Cellular Inc., a public company controlled by The Blackstone Group
$1.5 billion Gannett Co. Inc. Newsquest plc Stock Merger U.S. Counsel to Newsquest plc
$1.5 billion Merck & Co. Banyu Pharmaceutical Co. Cash Tender Offer Merck & Co.
$1.4 billion Kohlberg Kravis Roberts & Co. Willis Corroon Group PLC Cash Merger Kohlberg Kravis Roberts & Co.
$1.3 billion News Corporation MCI WorldCom Inc.’s outstanding equity interest in News Corporation Sale of Assets MCI WorldCom Inc.
$1.2 billion Kohlberg Kravis Roberts & Co. Laporte plc’s non-core operations LBO/Acquisition Kohlberg Kravis Roberts & Co.
$1.15 billion Tommy Hilfiger USA Inc. and Tommy Hilfiger Limited Pepe Jeans USA, Inc. Cash and Stock Merger Pepe Jeans London Corporation, a parent of Pepe Jeans USA, Inc.
$1.05 billion Deutsche Post Worldnet AG Airborne Inc.’s ground operations Cash and Stock Merger DHL Worldwide Express and Deutsche Post Worldnet AG, DHL’s controlling shareholder
$1 billion Kohlberg Kravis Roberts & Co. Wassall plc LBO/Acquisition Kohlberg Kravis Roberts & Co.
$930 million Diamond Technology Partners Inc. Cluster Consulting Cash and Stock Merger Cluster Consulting
$925 million Telecom Americas Ltd. Interest in Tess S.A. Sale of Interest U.S. Counsel to Telia AB, Telia Overseas and Algar Telecom, S.A. (shareholders of Tess S.A.)
$866 million The Blackstone Group Savoy Hotels PLC Stock Merger The Blackstone Group
$757 million Global TeleSystems Group Inc. Esprit Telecom Group PLC Stock Merger Esprit Telecom Group PLC
$735 million Artal Luxembourg, S.A. H.J. Heinz Co.’s Weight Watchers diet-class business LBO Acquisition Artal Luxembourg, S.A. and its investment manager, The Invus Group
$700 million Cell Network AB Mandator AB Merger of Equals Cell Network AB
$700 million Express Scripts, Inc. Diversified Pharmaceutical Services, Inc., a subsidiary of SmithKline Beecham plc Purchase of Stock Express Scripts, Inc.
$700 million Gerling Konzern Globale Rüchversicherungs-AG Constitution Reinsurance Corporation Acquisition Gerling Konzern Globale Rüchversicherungs-AG
$653 million Investor group led by The Blackstone Group Wellington Underwriting plc Purchase of Minority Interests The Blackstone Group
$615 million Société Générale Cowen & Co. Purchase of Assets Société Générale
$600 million El Sitio, Inc. Ibero American Media Partners II, Ltd. Stock Merger El Sitio, Inc.
$600 million Yorkshire Water plc Aquarion Company Purchase of Stock Aquarion Company
$590 million Yageo Corporation The passive components businesses of Philips Electronics N.V. Purchase of Assets Yageo Corporation
$567 million Bavaria S.A. Union de Cervecerias Peruanas Backus y Johnston SAA Acquisition of interest Bavaria S.A.
$520 million Ripplewood Holdings LLC Royal Dutch Shell’s krayton polymer business LBO/Purchase of Stock Ripplewood Holdings LLC
$500 million Hannover Reinsurance Co. Clarendon Insurance Group Cash Merger Hannover Reinsurance Co.
$491 million Ford Motor Company The interior automotive components business of Plastic Omnium S.A. Purchase of Stock Ford Motor Company
$403 million Kerr-McGee Corp. Kemira Oyj’s titanium pigment operations Cash Merger Kerr-McGee Corp.
$370 million BellSouth Corp. (through Celumóvil S.A.) Cocelco S.A. Purchase of Stock BellSouth Corp.
$350 million Cable & Wireless plc Digital Island Inc. Cash Merger Greenhill & Co. and Merrill Lynch & Co., financial advisors to Cable & Wireless plc
$310 million Hicks, Muse, Tate & Furst The Seagram Company, Ltd.’s Mumm and Jouet Champagne businesses LBO The Seagram Company, Ltd.
$300 million Denon, Ltd. Marantz Japan Inc. Cash and Stock Merger Denon Ltd.
$295 million BellSouth Corp. Celumóvil S.A. Purchase of Assets BellSouth Corp.
$288 million Banco Ambrosiano Veneto Citibank Italia SpA Acquisition Citibank Italia SpA and Citinvest SpA, its adviser
$286 million Bronfman-Alon Ltd. (Consortium including Matthew Bronfman and Alon Israel Oil Co. Ltd.) 78% of Blue Square Ltd. Stock Acquisition of Stock Matthew Bronfman
$250 million Metro Goldwyn Mayer (Orion Pictures Corp.) Certain film library assets of Polygram N.V. Sales of Assets The Seagram Company, Ltd.
$231 million Vestar Capital Partners Cardo AB’s rail business Purchase of Stock Vestar Capital Partners
$230 million Polo Ralph Lauren Corporation Poloco S.A. Cash Merger Polo Ralph Lauren Corporation
$212 million Clark Refining and Marketing, Inc. Lima Oil Refinery, a subsidiary of British Petroleum Purchase of Assets Clark Refining and Marketing, Inc.
$202 million Teva Pharmaceutical Industries Ltd. Copley Pharmaceutical Inc. Stock Merger Independent Committee of the Board of Directors of Copley Pharmaceutical Inc.
$200 million NTT DoCoMo Inc. AOL’s 50% owned Japanese subsidiary (owned with Mitsui and Co. Ltd. and Nikkei Keizai Shimbum) Joint Venture America Online Inc.
$197 million Galen (Chemicals) Limited Pfizer Inc.’s Estrotrep® and Loestrin® products Purchase of Assets Galen Chemicals Limited
$162 million Galen (Chemicals) Limited Pfizer Inc.’s femhrt® product Purchase of Assets Galen (Chemicals) Limited
$160 million Medicis Pharmaceutical Corp. Q-med International Holding B.V. (subsidiary of Q-Med AB) Sale of Assets Q-Med AB
$130 million Nobel Biocare AB Steri-Oss Inc. Cash and Stock Merger Nobel Biocare AB