For other versions of this document, see http://wikileaks.org/wiki/CRS-RL33906 ------------------------------------------------------------------------------ Order Code RL33906 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 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 $2 billion or more) that were proposed during 2006. The table includes the dates on which transactions were completed and shows M&A deals that were still pending as of December 31, 2006, or that were not successful. These data have been drawn from publicly available sources and have not been otherwise verified by the Congressional Research Service. Largest Mergers and Acquisitions, 2006 (ranked by value; U.S. dollars in billions) Acquirer, Sector, and Target Firm, Sector and Date Date Value New Name (if applicable) New Name (if applicable) Announced Completed ($ billions) Kohlberg Kravis Roberts & Co. Vivendi SA 11/2/06 Pending 50.8b Investors Conglomerate Suez SA Gaz de France 2/27/06 Pending 37.98a Utilities Utility Banca Intesa SpA Sanpaolo IMI SpA 8/26/06 1/2/07 37.54a Banking and finance Banking and finance Blackstone Group Equity Office Properties Trust 11/20/06 Pending 36.0a Investors Real estate investment trust HCA management HCA Inc. 7/24/06 12/18/06 33.0a Frist family Hospital management Bain Capital Partners LLC Kohlberg Kravis Roberts & Co. Merrill Lynch & Co. Investors Aviva Plc Prudential Plc 3/16/06 Abandoned 29.3c Insurance Insurance 3/24/06d Statoil ASA Norsk Hydro ASA, energy div. 12/18/06 Pending 28.0c Oil company Energy company Apollo Management Harrah's Entertainment Inc. 12/19/06 Pending 27.8a Texas Pacific Group Gaming Investors Thomas H. Lee Partners Clear Channel Communications 11/16/06 Pending 26.7a Bain Capital Partners LLC Broadcasting and outdoor Investors advertising Wachovia Corp. Golden West Financial 5/8/06 10/1/06 26.0a Banking and finance Banking and finance CRS-2 Acquirer, Sector, and Target Firm, Sector and Date Date Value New Name (if applicable) New Name (if applicable) Announced Completed ($ billions) Express Scripts Inc. Caremark Rx Inc. 12/18/06 Pending 26.0c Drug benefits manager Drug benefits manager Freeport-McMoRan Copper & Phelps Dodge Corp. 11/20/06 Pending 25.9a Gold Inc. Mining Mining Mittal Steel Co. BV Arcelor SA 1/27/06 9/18/06 22.7c Steel Steel Iberdrola SA Scottish Power Plc 11/27/06 Pending 22.5c Electricity Electricity Richard Kinder Kinder Morgan Inc. 8/28/06 2007 22.0a Goldman Sachs Group Inc. Pipeline operator (projected) American International Group Inc. Carlyle Group Riverstone Holdings LLC Investors Bayer AG Schering AG 6/14/06 9/13/06 21.5c Conglomerate Pharmaceuticals Xstrata Plc Falconbridge Ltd. 5/14/06 8/21/06 21.2c Mining Mining CVS Corp. Caremark Rx 11/1/06 Pending 21.02a Drugstore chain operator Pharmacy-benefits manager Grupo Ferrovial SA BAA Plc 6/8/06 8/15/06 18.7c Construction Airports operator Anadarko Petroleum Kerr-McGee Corp. 6/23/06 8/11/06 18.0a Energy Energy Teck Cominco Ltd. Inco Ltd. 5/8/06 Withdrawn 17.76a Mining Mining 8/15/06 Inco Ltd. Falconbridge Ltd. 5/11/06 Withdrawn 17.7c Mining Mining 9/5/06 Companhia Vale do Rio Doce Inco Ltd. 8/11/06 10/25/06 17.7c SA Mining Mining Phelps Dodge Inc. Inco Ltd. 8/10/06 Withdrawn 17.7c Mining and smelting Mining 9/5/06 Blackstone Group Freescale Semiconductor Inc. 9/15/06 12/1/06 17.6a Carlyle Group Semiconductor manufacturer Permira Funds Texas-Pacific Group Investors Albertis Infrastructuras SA Autostrade SpA 4/23/06 Blocked by 17.0b Highway builder and operator Highway builder and operator Italian Govt. 8/4/06 Johnson & Johnson Inc. Pfizer Inc. Consumer Products Div. 6/26/06 12/21/06 16.6a Pharmaceuticals Pharmaceuticals Bank of New York Mellon Bank 12/04/06 Pending 16.5a Banking and finance Banking and finance Softbank KK Vodafone Japan KK 3/17/06 5/1/06 15.3a Telecommunications Telecommunications CRS-3 Acquirer, Sector, and Target Firm, Sector and Date Date Value New Name (if applicable) New Name (if applicable) Announced Completed ($ billions) GlaxoSmithKline Plc. Pfizer Inc. Consumer products div. 6/7/06 Outbid 15.0a Pharmaceuticals Pharmaceuticals Japan Tobacco Inc. Gallaher Group Plc 12/14/06 Pending 14.7a Tobacco products Tobacco products Penn National Gaming Inc. Harrah's Entertainment Inc. 12/14/06 Outbid 14.7a Gaming Gaming 12/19/06 Blackstone Group LP Hutchison Essar Ltd. 12/15/06 Pending 14.0c Reliance Communications Ltd Mobile phone operator Investors Merck KGaA Serono S.A. 9/20/06 1/2007 13.3a Pharmaceuticals Pharmaceuticals (projected) Cemex SA Rinker Group Ltd. 10/27/06 Pending 12.8c Cement maker Building materials Haim Saban Univision Communications Inc. 6/26/06 Pending 12.3c Investor Broadcasting Texas Pacific Group Providence Equity Partners Thomas H. Lee Partners Madison Dearborn Partners Investors Citigroup Inc. GMAC 1/27/06 11/30/06 11.6a Cerberus Capital Management Banking and finance Aozora Bank Ltd. PNC Financial Services Group Banking and finance Liberty Media Corp. DirecTV Group 12/22/06 Pending 11.0a Telecommunications Broadcasting Dane A. Miller Biomet Inc. 12/18/06 Pending 10.9a (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 NV 8/2/06 9/1/06 10.25a Silver Lake Partners LLC Semiconductor Division Bain Capital Semiconductor manufacturer Apax AlpInvest Partners NV Investors Thermo Electron Fisher Scientific Inc. 5/8/06 11/9/06 10.6a Scientific instruments Scientific instruments Thermo Fisher Scientific Inc. Banco Popolare di Verona e Banca Popolare Italiana Scrl 10/16/06 Pending 10.3c Novara Scrl Banking and finance Banking and finance Regions Financial Corp. AmSouth Bancorp. 5/25/06 11/4/06 10.0a Banking and finance Banking and finance Companhia Siderúrgica Corus Plc 11/17/06 Pending 10.0b Nacional Steelmaker Steelmaker NYSE Group, Inc. Euronext NV 5/22/06 Pending 9.96a Stock exchange Stock exchange CRS-4 Acquirer, Sector, and Target Firm, Sector and Date Date Value New Name (if applicable) New Name (if applicable) Announced Completed ($ billions) AXA SA Winterthur (div. Credit Suisse) 6/12/06 12/22/06 9.93a Insurance Insurance Cerberus Capital Albertson's 1/23/06 6/2/06 9.8a Investors Groceries Kimco Realty Corp. Real estate Supervalu Inc. Groceries wholesaling and retailing Crédit Agricole SA Alliance & Leicester Plc. 5/22/06 Withdrawn 9.6b Banking and finance Banking and finance 8/9/06 NTL Plc ITV Plc 11/11/06 Pending 9.5b Broadcasting Broadcasting Smith & Nephew Plc Biomet Inc. 11/2/06 Outbid 9.1c Orthopedic products Orthopedic products 12/18/06 Brookfield Properties Corp. Trizec Properties Inc. 6/5/06 10/5/06 8.9c Blackstone Group Real estate Investors Macquarie Bank Ltd. Thames Water 10/17/06 Pending 8.9c Macquarie European Utility Infrastructure Fund Macquarie European Infrastructure Fund II Investors Kohlberg Kravis Roberts & Co. GMAC Commercial Holding Corp. 3/23/06 4/3/06 8.8c Five Mile Capital LLC Commercial mortgage unit of Goldman Sachs Group Inc. GMAC Investors Capmark Financial Group Inc. Macquarie Bank Ltd. Quantas Airways Ltd. 11/22/06 Pending 8.7c Texas Pacific Group Airline Investors Goldcorp Inc. Glamis Gold Ltd. 8/31/06 11/7/06 8.6c Mining and minerals Mining and minerals Joseph Neubauer Aramark Corp. 8/8/06 Pending 8.3a (Aramark CEO) Food service GS Capital Partners CCMP Capital Advisers J.P. Morgan Partners Thomas H. Lee Partners Warburg PincusLLC Tata Steel Ltd. Corus Plc 10/17/06 Pending 8.23a Steelmaker Steelmaker Merrill, Lynch & Co. BlackRock Inc. 2/13/06 6/30/06 8.0a Brokerage Money management Chicago Mercantile Exchange Chicago Board of Trade Inc. 10/17/06 Pending 8.0c Inc. Futures trading exchange Commodities trading exchange US Airways Inc. Delta Air Lines 11/15/06 Pending 8.0b Airline Airline CRS-5 Acquirer, Sector, and Target Firm, Sector and Date Date Value New Name (if applicable) New Name (if applicable) Announced Completed ($ billions) Kohlberg Kravis Roberts & Co. ProSiebenSat1 Media AG 12/13/06 Pending 8.0a Permira Advisers LLP Broadcaster Investors Silvio Berlusconi ProSiebenSat1 Media AG 11/2/06 Outbid 7.5a Investor Broadcaster 12/13/06 Walt Disney Co. Pixar Inc. 1/24/06 5/5/06 7.4a Conglomerate Entertainment producer Royal Dutch Shell, Plc Shell Canada Ltd. (22% not owned) 10/23/06 Pending 6.8c Petroleum/energy Petroleum/energy Resolution Plc Abbey National, Life Insurance 6/7/06 9/1/06 6.7c Insurance Div. Insurance Temasek Holdings Pte. Peninsular & Oriental Steam 1/10/06 Outbid 6.17c Singapore government Navigation Company Ports operator Banche Popolari Unite Scarl Banca Lombarda SpA 11/14/06 Pending 6.15b Banking and finance Banking and finance Schneider Electric SA American Power Conversion Corp. 10/30/06 Pending 6.1c Electrical equipment Emergency power systems SL Green Realty Corp. Reckson Associates Realty Corp. 8/3/06 Pending 6.0a Real estate Real estate Apollo Management LP Realogy Corp. 12/18/06 Pending 6.0c Investors Real estate broker Suncorp-Metway Ltd. Promina Group Ltd. 10/12/06 Pending 5.7c Insurance Insurance Nycomed Holding A/S Altana AG Pharmaceutical Div. 9/21/06 12/29/06 5.7c Danish investment vehicle Pharmaceuticals Carlyle Group Advanced Semiconductor 11/24/06 Pending 5.7c Investors Engineering Inc. Semiconductor packager UCB SA Schwarz Pharma AG 9/25/06 Pending 5.6c Pharmaceuticals Pharmaceuticals MTN Group Ltd. Investcom LLC 5/2/06 7/31/06 5.5c Telecommunications Telecommunications Advanced Micro Devices Inc. ATI Technologies Inc. 7/22/06 11/30/06 5.5c Semiconductor maker Computer graphics chips Tishman Speyer Properties LP Stuyvesant Town-Peter Cooper 10/17/06 11/17/06 5.4c Property owner Village (owned by MetLife Inc.) BlackRock Inc. Apartment complex Real estate division Siemens AG Bayer AG, Diagnostics Unit 6/29/06 1/1/07 5.34a Conglomerate Diagnostical instruments China Mobile Communications Millicom International Cellular SA 5/24/06 Withdrawn 5.3a Corp. Telecommunications 7/4/06 Telecommunications Goldman Sachs Group Inc. Associated British Ports Holdings 6/14/06 8/28/06 5.3c Investment bank Plc. Ports operator Anadarko Petroleum Corp. Western Gas Resources Inc. 6/23/06 8/23/06 5.26a Energy Energy CRS-6 Acquirer, Sector, and Target Firm, Sector and Date Date Value New Name (if applicable) New Name (if applicable) Announced Completed ($ billions) Health Care Property Investors CNL Retirement Properties Inc. 5/2/06 10/9/06 5.2a Inc. Health care properties Health care property owner Grupo Martinsa SA Fadesa Inmobiliaria SA 9/28/06 Pending 5.1c Investor Real estate Kohlberg Kravis Roberts & Co. Kion Group (div. Linde AG) 11/5/06 Pending 5.1c Goldman Sachs Group, Inc. Materials handling manufacturer Investors Danske Bank Sampo Bank 11/9/06 Pending 5.1b Banking and finance Banking and finance Nasdaq Stock Market Inc. London Stock Exchange Group Plc 11/20/06 Pending 5.1c Stock exchange Stock exchange BASF AG Engelhard Corp. 1/3/06 6/12/06 4.9c Chemicals Pollution control devices Bank of Cyprus Ltd. Emporiki Bank of Greece SA 6/22/06 Withdrawn 4.8c Banking and finance Banking and finance 7/19/06 Canadian Natural Resources Anadarko Canada Ltd. 9/14/06 11/2/06 4.8c Ltd. Energy Energy Frank Fertitta, III Station Casinos, Inc. 12/4/06 Pending 4.7c Lorenzo Fertitta Casino operator Colony Capital LLC Investors Lottomatica SpA Gtech Holdings Corp. 1/10/06 8/29/06 4.65c Gaming company Lottery services Carl Icahn Reckson Associates Realty Corp. 11/16/06 Macklowe 4.6a Investor Real estate and Mac- Macklowe Properties Cali Mac-Cali Realty, LP withdraw Real estate 12/4/06 Charterhouse Capital Partners Vivarte SA 12/14/06 Pending 4.6c LLP Retailer Investor Hewlett-Packard Corp. Mercury Interactive Corp. 7/25/06 11/1/06 4.5a Conglomerate Software Blackstone Group Travelport Div., Cendant Corp. 6/30/06 8/23/06 4.3a Investors Travel services distributor Kohlberg Kravis Roberts & Co. PagesJaunes Groupe SA 7/24/06 10/11/06 4.3a Goldman Sachs Group Inc. Telephone directories Investors Carl Icahn Reckson Associates Realty Corp. 12/4/06 Rejected 4.3a Investor Real estate 12/5/06 Crédit Agricole SA Emporiki Bank of Greece SA 6/13/06 8/16/06 4.2a Banking and finance Banking and finance Cerberus Capital Management Bank Fuer Arbeit Und Wirtschaft 12/14/06 Pending 4.2a LP AG Investor Banking and finance TransCanada Corp. ANR Pipeline Co. 12/22/06 Pending 4.13a TC Pipelines LP Great Lakes Gas Transmission Natural gas (50%) Pipeline owners/operators CRS-7 Acquirer, Sector, and Target Firm, Sector and Date Date Value New Name (if applicable) New Name (if applicable) Announced Completed ($ billions) Berkshire Hathaway Inc. Iscar Metalworking Companies Ltd. 5/5/06 7/5/06 4.0a Conglomerate Metalworking Kimco Realty Corp. Pan Pacific Retail Properties Inc. 7/10/06 9/10/06 4.0a Real estate Real estate Network Healthcare Holdings General Healthcare Group Plc. 4/25/06 7/15/06 3.9c Ltd. (Netcare) Medical services provider Medical services provider Motorola Inc. Symbol Technologies Inc. 9/19/06 Pending 3.9c Electronics Handheld bar scanners Permira Advisers Ltd. EMI Group Plc 12/7/06 Pending 3.9a Investors Music Power Corp. of Canada Putnam Investment 12/29/06 Pending 3.9a Holding company Money management Apollo Management LP GE Advanced Materials unit. 9/14/06 12/3/06 3.8c Investors Plastics Momentive Performance Materials Dynegy Inc. LS Power Group Inc. 9/16/06 Pending 3.8a Power generator Power generator Isadore Sharp Four Seasons Hotels, Inc. 11/6/06 Pending 3.7c (Founder and Chairman Hotel owner/operator Fours Seasons Hotels, Inc.) Bill Gates Prince Alwaleed bin Talal Investors Abbot Laboratories, Inc. Kos Pharmaceuticals, Inc. 11/6/06 Pending 3.7c Pharmaceuticals Pharmaceuticals Derwent Valley Holdings Plc London Merchant Securities Plc 11/14/06 Pending 3.7b Real estate Real estate Kelso & Co. Adesa Inc. 12/22/06 Pending 3.7c Goldman Sachs Group Inc. Auto auction operator ValueAct Capital Parthenon Capital Investors Sol Kerzner Kerzner International Ltd. 3/20/06 8/31/06 3.6a 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. 1/10/06 3/31/06 3.51c Home-improvement retailer Building supply Hankyu Holdings Inc. Hanshin Electric Railway Co. 5/30/06 10/1/06 3.5a Railroad operator Railroad operator Reynolds American Inc. Conwood Co. 4/25/06 5/31/06 3.5a Tobacco Tobacco Swisscom SA Swisscom Mobile (25% not owned) 11/8/06 12/20/06 3.48a Telecommunications Mobile telephone operator LSI Logic Inc. Agere Systems Inc. 12/4/06 Pending 3.45a Chipmaker Chipmaker CRS-8 Acquirer, Sector, and Target Firm, Sector and Date Date Value New Name (if applicable) New Name (if applicable) Announced Completed ($ billions) Rite Aid Inc. Eckard Drug, Brooks Drug 8/23/06 Pending 3.4a Drug stores Drug stores Riverdeep Holdings Plc Houghton-Mifflin Co. 11/28/06 12/22/06 3.4a Educational software Publishing Houghton-Mifflin Riverdeep Group Plc Weyerhauser Inc. Domtar, Inc. 8/23/06 Pending 3.3c Forest products Forest products Bank of America U.S. Trust 11/20/06 Pending 3.3a Banking and finance Private bank Onex Corp. Raytheon, Raytheon Aircraft (div.) 12/20/06 Pending 3.3a Goldman Sachs Capital Partners Aircraft manufacturer Investors Broadway Real Estate Partners John Hancock Tower 12/29/06 Pending 3.3a LLC (owned by Beacon Capital Partners Real estate LLC) Property Huntington Bancshares Inc. Sky Financial Group Inc. 12/20/06 Pending 3.29a Banking and finance Banking and finance Prince Alwaleed bin Talal Fairmont Hotels & Resorts Inc. 1/30/06 5/11/06 3.2c Colony Capital LLC Hotels Investors Centro Properties Group Heritage Property Investment Trust 7/10/06 10/5/06 3.2c Real estate Real estate Oshkosh Truck Corp. JLG Industries, Inc. 10/16/06 12/6/06 3.2a Motor vehicles Construction equipment Mittal Steel Co. Arcelor Brasil SA 10/25/06 Pending 3.2a Steel Steel Vivendi SA Polska Telefonia Cyfrowa (49%) 9/26/06 Lawsuit 3.19a Utilities Mobile telephony filed against Deutsche Telekom 10/23/06 Tenaris SA Maverick Tube Corp. 6/13/06 10/5/06 3.185c (Div. Techint Argentina SA) Pipe manufacturer Pipe manufacturer Babcock & Brown Ltd. Eircom Group Plc 5/23/06 8/18/06 3.1c Investors Telecommmunications Compagnie Generale de Veritas DGC Inc. 9/5/06 1/12/07 3.1a Geophysique Geophysical information, services (projected) Seismic equipment, services Citigroup Inc. Akbank (20%) 10/17/06 Pending 3.1b Banking and finance Banking and finance CRS-9 Acquirer, Sector, and Target Firm, Sector and Date Date Value New Name (if applicable) New Name (if applicable) Announced Completed ($ billions) Citigroup Inc. Guangdong Development Bank 11/16/06 12/19/06 3.1b 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 Partners LaFarge SA, Roofing Tile Division 12/4/06 Pending 3.09c Investors Roofing tiles Macquarie Bank Ltd. Duquesne Light Holdings Inc. 7/5/06 Pending 3.0a Banking and finance Power distribution Castor Holdings LLC Duquesne Light Holdings Blackstone Group LP United Biscuits Plc 10/25/06 11/12/06 3.0c PAI Partners Food company Investors Fortress Investment Group LLC Intrawest Corp. 8/11/06 10/26/06 2.8a Investors Resort operator Loral Space & Communications Telesat, Div. BCE Inc. 12/18/06 Pending 2.8a Inc. Satellite service company Conglomerate Belgacom SA Proximus SA 8/25/06 11/1/06 2.6c Telecommunications Mobile operator Ferd AS SIG AG 9/26/06 Pending 2.6b Holding company Aseptic packaging Fomento de Construcciones & Waste Recycling Group Ltd. 7/17/06 7/17/06 2.55c Contratas SA Recycling Construction Citadel Broadcasting ABC Radio 1/23/06 Pending 2.5a Broadcasting Broadcasting Terra Firma Capital Partners LP AWAS 1/30/06 3/24/06 2.5c Investors (Morgan Stanley Aircraft Leasing Div.) Aircraft leasing Evraz Group SA Oregon Steel Mills Inc. 11/20/06 Pending 2.5a Steel Steel Kohlberg Kravis Roberts & Co. Seven Network Ltd. (50%) 11/20/06 Pending 2.5c Investors Broadcasting SeaDrill Ltd. Smedvig ASA 1/9/06 4/3/06 2.4c Oil drilling Oil drilling Ripplewood Holdings LLC Reader's Digest Association Inc. 11/16/06 Pending 2.4b J. Rothschild Group Publisher Merrill Lynch Capital Corp. GoldenTree Asset Management GSO Capital Partners Magnetar Capital Investors CRS-10 Acquirer, Sector, and Target Firm, Sector and Date Date Value New Name (if applicable) New Name (if applicable) Announced Completed ($ billions) Premier Foods Plc. RHM Plc 12/4/06 Pending 2.4c Groceries Groceries Ontario Teachers' Pension Fund Orient Overseas (International) Ltd. 11/23/06 Pending 2.35a Investor (4 North American container ports) Ports operator Givaudan SA Quest International 11/22/06 Pending 2.3c Flavors and fragrances div. Imperial Chemical Industries Plc. Flavors and fragrances Permira Funds Unilever NV Frozen Foods 8/28/06 9/1/06 2.21a Investor Div. Processed food Banco Itau Holding Financeira BankBoston do Brasil 5/2/06 8/7/06 2.2c SA Banking and finance Banking and finance Barr Pharmaceuticals Inc. Pliva d.d. 6/26/06 11/20/06 2.2c Pharmaceuticals Pharmaceuticals Apax Partners Worldwide LLP Capio AB 9/1/06 Pending 2.2c Nordic Capital Fund VI Hospital operator Investors CB Richard Ellis Group Inc. Trammell Crow Co. 10/31/06 12/20/06 2.2c Real estate broker Property management Banco Bilbao Vizcaya Texas Regional Bancshares 6/12/06 11/12/06 2.17a Argentaria SA (dba Texas State Bank) Banking and finance Banking and finance Thales SA Alcatel-Lucent SA 12/4/06 Pending 2.14c Defense conglomerate Satellite, Transport, Security Divisions. Vivendi SA BMG (Bertelsmann Music Group) 9/6/06 Pending 2.1c Conglomerate (div. Bertelsmann AG) Music publisher Eli Lilly & Co. Icos Corp. 10/17/06 Pending 2.1a Pharmaceuticals Biotechnology Graceway Pharmaceuticals Inc. 3M Pharmaceutical Div. 11/9/06 1/2/07 2.1c Pharmaceuticals Pharmaceuticals Meda AB Ironbridge Capital Archer Capital Investors John Fairfax Holdings Ltd. Rural Press Ltd. 12/6/06 Pending 2.1c Newspaper publishing Newspaper publishing GlaxoSmithKline Plc Genmab A/S 12/19/06 Pending 2.1c Pharmaceuticals Biotechnology Telefon AB L.M. Ericsson Redback Networks Inc. 12/20/06 Pending 2.1a Telecommunications Routing equipment manufacturer Promociones Habitat SA Ferrovial Immobiliaria SA 12/29/06 Pending 2.1c Real estate Real estate Bain Capital Partners LLC Burlington Coat Factory Warehouse 1/18/06 4/13/06 2.06a Investors Corp. Retailer CRS-11 Acquirer, Sector, and Target Firm, Sector and Date Date Value New Name (if applicable) New Name (if applicable) Announced Completed ($ billions) HBOS Plc McCarthy & Stone Plc 8/1/06 9/4/06 2.05c Mortgage bank Retirement-home developer Simon & David Reuben Victor Tchenguiz Investors Hospira Inc. Mayne Pharma Ltd. 9/20/06 1/30/07 2.0a 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 company's 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-12 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. ------------------------------------------------------------------------------ For other versions of this document, see http://wikileaks.org/wiki/CRS-RL33906