M&A 10-12/2001

Doomwatch^TM vs. Timesizing^®

Mergers&Acquisitions - Oct-Dec, 2001

12/31/2001 1 takeover, worth $24.2m, reported in (NYT) NY Times & (BG) Boston Globe -

VerticalNet buys a software maker Atlas Commerce for $24.2m, Bloomberg via NYT, C8.

12/28/2001 3 takeovers, totaling $445m + $undisclosed, reported in (NYT) NY Times & (BG) Boston Globe -

Yahoo to acquire HotJobs.com for $438m, pointer digest (to C12), NYT, C1.
Paxar of White Plains bought Europrint of France for $7m, NYT, C4.
MB Financial Bank's holding company is buying First Lincolnwood for $??, Bloomberg via NYT, C4.

12/27/2001 7 takeovers, totaling $1.0426B + $undisclosed, reported in (NYT) NY Times & (BG) Boston Globe -

Nestle buys remaining 50% stake in Haagen-Dazs venture, Ice Cream Partners USA, from General Mills for $641m, Bloomberg via NYT, C4.
Entercom Communications to buy 3 FM radio stations in Denver (KOSI, KKHK and KEZW) from Tribune Co. for $180m, Bloomberg via NYT, C4.
Japan: Kirin Brewery acquires Takeda Chemical Industries' spice & seasoning business for $153m, Bloomberg via NYT, W1.
Wisconsin company WPS Resources buys 3 power plants in New York (Beaver Falls, Niagara Falls and Syracuse) from CH Energy Group for $51m, Bloomberg via NYT, C4.
WebMD buys Medicalogic/Medscape 'portal' for $10m, by Andrew Zipern, NYT, C2.
RailAmerica will sell Dakota Rail Road to Hennepin County Regional Rail Authority for $7.6m, NYT, C4.
Mine Safety Appliances Co. of Pittsburgh will buy CGF Gallet of France for $??, NYT, C4.

12/25/2001 3 takeovers, totaling $2.295B, reported in (NYT) NY Times & (BG) Boston Globe -

Coors acquires a big brand in Britain, Bass's Carling operations from Interbrew for $1.7B, by Suzanne Kapner, NYT, C1.
Toronto-Dominion Bank's securities unit will buy stock-options firms Lee E. Tenzer Treading and most of Stafford Trading for $430m, Bloomberg via NYT, C4.
U.S. Industries sells its Ames True Temper lawn and garden tools unit to Wind Point Partners for $165m, AP via NYT, C4.

12/24/2001 3 weekend takeover reports, totaling $300m + $$undisclosed, in (NYT) NY Times & (BG) Boston Globe -

Lucent is selling billing-software unit to CSG Systems for $300m, Bloomberg via NYT, C7.
Lord Group acquired by Spier New York for $??, by Karen Bannan, NYT, C7.
Miscellany...Environics Communications of Stamford acquired ACI Argyle Communications of Toronto for $??, by Karen Bannan, NYT, C7.

12/22/2001 6 more takeovers, totaling $3.068B + $$undisclosed, reported in (NYT) NY Times & (BG) Boston Globe -

Japan: Steel acquisition - Kawasaki Steel to buy NKK for $2.5B to form JFE Holdings, by Ken Belson, NYT, C3.
Belgium: Chemicals acquisition - Solvay to buy Montedison's Ausimont fluoridated-products unit for $540m, Bloomberg via NYT, C3.
Oxford Health Plans to buy MedSpan for $19m, Bloomberg via NYT, C4.
Tom Snyder Productions sold for $9m to Scholastic Corp., Harry Potter publisher, from TorStar [= Toronto Star], Bloomberg via BG, C1.
Goldman Sachs Inc. to buy TFM Investment Group for $??, NYT, C4.
J.P. Morgan Chase Co. to buy Dreyfus Brokerage Services for $??, NYT, C4.

12/21/2001 6 takeovers, totaling $1.25B + $$undisclosed, reported in (NYT) NY Times & (BG) Boston Globe (not counting general story, "Expect more mergers, experts say, at expense of consumers," by Geraldine Fabrikant, NYT, C8) -

Tyco Capital unit agrees to buy McGrath RentCorp for $482m, AP via NYT, C4.
TXU agrees to sell 2 north Texas electric plants in Dallas and Ft. Worth to Exelon for $443m, AP via NYT, C4.
Danaher is paying $325m for Marconi's Commerce Systems business, Bloomberg via NYT, C4.
Interchange Financial Services to buy Monarch Capital for $??, NYT, C4.
Bayer of Leverkusen, Germany to buy operations of rival Lyondell Chemical in Houston for $??, NYT, C4.
General Electric to buy LNP Engineering Plastics division of Kawasaki Steel for $??, NYT, C4.

12/20/2001 13 takeovers, totaling $48.8783B + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Comcast wins bid for AT&T's cable TV business - $47B deal would result in 22m subscribers, by Schiesel & Sorkin, NYT, front page.
Verizon Wireless acquires Price Communications cellphone operations for $1.15B, Bloomberg via NYT, C4.
JDS Uniphase to buy I.B.M. optical-transceiver unit for $425m, Bloomberg via NYT, C4.
New Jersey homebuilder Hovnanian Enterprises expands to California by buying Forecast Group's Calif. operations for $225m, Bloomberg via NYT, C4.
IDT acquires Winstar Communications assets for $42.5m, by An Wozencraft, NYT, C4.
Tyco International $31m acquisition of Southcorp's Air Clean Systems in Australia for $31m, Bloomberg via BG, E8.
Polaroid sheds Polaroid Digital Solutions to Appareo Software for $4.8m, Bloomberg via BG, E8.
Hawaii's 2 airlines, Hawaiian Airlines and Aloha Airlines, to merge via $?? stock swap, by Laurence Zuckerman, NYT, C9.
Towers Perrin acquired Working Concepts for $??, NYT, C4.
May Department Stores Co. is buying After Hours Formalwear for $??, NYT, C4.
Missile merger - BAE Systems, European Aeronautic Defense & Space, and Finmeccanica merged their missile making units for $?? to form MBDA to rival Raytheon, Bloomberg via BG, E2.
Dynegy to add former Texaco's undedicated US natural gas & liquids business from ChevronTexaco for $??, Bloomberg via BG, E2.
AutoZone sells TruckPro unit to investor group led by Paratus Capital Mgmt for $??, Bloomberg via BG, E8.

12/19/2001 6 takeovers, totaling $1.077B + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

G.E. to buy Interlogix for $777m, Bloomberg via NYT, C4.
Magnum Hunter Resources will buy Prize Energy for $300m, Bloomberg via NYT, C4.
Suiza and Dean Foods in deal on divestitures - Will sell 11 dairies to National Dairy Holdings for $??, AP via NYT, C4.
Kraft Foods planning to sell...Farley & Sathers to FS Acquisition for $??, Bloomberg via NYT, C4.
Kraft Foods planning to sell...its Mexican pasta business including Yemina brand to Barilla Alimentare of Italy for $??, Bloomberg via NYT, C4.
Toshiba will abandon commodity chip business & sell a U.S. plant to Micron Technologies for $??, by Belson & Kirk, NYT, W1.

12/18/2001 13 takeovers, totaling $32.384B + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -
the short-term seductive, long-term workforce&market-shrinking insanity continues -

$16B Amgen-Immunex deal spurs forecasts for others, by Andrew Pollack, NYT, C4.
Catch of the day: Did Vivendi land a big one in its $10.3B takeover of USA Networks?, by Geraldine Fabrikant, NYT, C1.
Sun Life Financial Services of Canada buying rival Clarica Life Insurance for $4.7B, by Bernard Simon, NYT, W1.
Kinder Morgan Energy to purchase Tejas Gas for $750m, Bloomberg via NYT, C4.
NBC buying San Jose television station KNTV for $230m, AP via NYT, C4.
Alpha Industries to merge with Calif. chip firm Conexant for $150m, by Hiawatha Bray, BG, C1.
Kemira of Finland to buy Vinings Industries of Cincinnati for $138m, NYT, C4.
Cendant is acquiring marketer of time shares Equivest Finance for $98m, Bloomberg via NYT, C4.
Buca Inc. will acquire the 9 Boston-area Vinny Testa's restaurants for $18m, NYT, C4.
Morgan Lewis in $?? deal to acquire patent law firm Hopgood Calimafde Judlow & Mondolino, by Jonathan Glater, NYT, C4.
Caterpillar is selling tractor line & Dekalb IL plant to Agco for $??, Bloomberg via NYT, C4.
UBS, Switzerland's biggest bank, to buy retail securities brokerage business of Doral Financial of Puerto Rico for $??, NYT, C4.
Pepsi Bottling Group in $?? deal for Pepsi Bottling of Macon, Bloomberg via NYT, C2.

12/15/2001 2 takeovers, totaling $4.172B, reported in NY Times (NYT) & Boston Globe (BG) -

GE Capital is in $4B deal for Security Capital Group to gain real estate assets, Bloomberg via NYT, C3.
Thompson Multimedia SA of Paris will buy Grass Valley Group of Cailf. for $172m, NYT, C3.

12/14/2001 3 takeovers, totaling $40m + $undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Canada: Satellite acquisition - MacDonald Dettweiler & Assocs is buying Earth Satellite Corp. for $30m, Reuters via NYT, W1.
$10m Haemonetics deal for Canada's Fifth Dimension Information Systems, Dow Jones via BG, D7.
Company [Smart Therapeutics] acquired by Boston Scientific for $??, Bloomberg via BG, D7.

12/13/2001 4 more takeovers, totaling $1.919B + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

National Australia Bank sells assets to Washington Mutual for $1.9B, by Becky Gaylord, NYT, C4.
Palm buys wireless applications maker ThinAirApps for $19m, by Laurie Flynn, NYT, C3.
Alberto-Culver to acquire Armstrong-McCall for $??, Bloomberg via NYT, C4.
Sonoco Products Co. bought 3 tube-making plants in England from Jefferson Smurfit for $??, NYT, C4.

12/12/2001 4 takeovers, totaling $425.8m + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

R. J. Reynolds to buy Santa Fe Natural Tobacco $340m, AP via NYT, C4.
Hong Kong: Start-up Tom.com buys magazine publisher Business Weekly Media Group for $47.5m, by Mark Landler, NYT, W1.
Tyco International Ltd. bought King Packaging from Imperial Sugar for $28m, NYT, C4.
Government approves Nestle's $10.3B purchase of Ralston Purina, AP via NYT, C4.

12/11/2001 6 takeovers, totaling $121.6m + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

United Bancshares, United Bank's holding company, buys Century Bancshares for $70.3m, Bloomberg via NYT, C4.
Equity firm Roark Capital Group buys controlling stake in Carvel for $30m, Bloomberg via NYT, C4.
PixelWorks to buy NSDP Corp. for $21.3m, NYT, C4.
Ingersoll-Rand Co. bought CISA of Italy for $??, NYT, C4.
PowerCold Corp. bought Power Sources from Utility Metal Research Corp. for $??, NYT, C4.
Kaman Corp. will buy Plastic Fabricating Co. for $??, NYT, C4.

12/10/2001 3 weekend takeover reports, totaling $4.6B + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

French bank BNP Paribas to buy United California Bank from UFJ Holdings of Japan for $2.4B, Bloomberg via NYT, A12.
Australian miner Normandy Mining accepts $2.2B offer from Newmont Mining, by Becky Gaylord, NYT, A12.
DDB Worldwide's NYC office acquires Carlson & Partaners in New York City for $??, by Allison Fass, NYT, C8.

12/08/2001 6 takeovers, totaling $539.8m + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

AMC Entertainment plans to buy GC companies, a rival, for $367.4m, Reuters via NYT, C4.
Danaher agrees to buy Pennon Group's Viridor Instrumentation unit for $135m, Bloomberg via NYT, C4.
Skillsoft Corp. to buy Books24x7.com for $32.4m, NYT, C4.
EarthLink agrees to purchase wireless company OmniSky for $5m, AP via NYT, C4.
Bank of America will sell a subprime real estate loan servicing unit to Fairbanks Capital for $??, Bloomberg via NYT, C4.
Regal Cinemas Inc.'s way cleared by bankruptcy judge for takeover by investors led by billionaire Philip Anschutz for $??, NYT, C4.

12/07/2001 5 more takeovers, totaling $2.663B + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

$2B deal for COR Therapeutics by Millennium Pharmaceuticals continues merger trend in biotech, by Andrew Pollack via NYT, C3.
Medtronic to buy VidaMed for $326m, Reuters via NYT, C3.
Albertson's to sell 80 Osco Drug stores to Maxi Drug dba Brooks Pharmacy for $240m, AP via NYT, C3.
Omnicare buying American Pharmaceutical assets for $97m, Bloomberg via NYT, C3.
Verisign Inc. to buy 1GlobalPlace and NameEngine for $??, NYT, C3.

12/06/2001 5 takeovers, totaling $1.4881B, reported in NY Times (NYT) & Boston Globe (BG) -

Westfield America Trust of Australia to buy 9 US shopping malls from Richard E. Jacobs Group of Ohio for $756m, NYT, C4.
Mirant, power concern, to buy Hyundai energy for $300m, Bloomberg via NYT, C4.
Sysco, a food supplier, agrees to buy Serca unit of Canadian grocer Sobeys for $280m, Bloomberg via NYT, C4.
Ireland: Government sells ACC Bank to Netherlands' Rabobank for $146m, by Brian Lavery via NYT, W1.
Amazon.com buys Egghead.com assets for $6.1m, AP via NYT, C5.

12/05/2001 6 takeovers, totaling $649m + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Tyco International to purchase CII Technologies for $310m, Bloomberg via NYT, C4.
Brazil: Bank purchased - Banco do Estado de Goias bought by Banco Itau for $271m, b Jennifer Rich, NYT, W1.
Marshall & Ilsley, Wisc.'s largest bank, to purchase Century Bancshares for $68m, Bloomberg via NYT, C4.
RF Micro Devices Inc. to buy IBM's engineering unit for chips used in global positioning systems for $??, NYT, C4.
Spectrum Brands Corp. of NY will buy Llewellyn Security of Canada for $??, NYT, C4.
[Double L in Welsh is pronounced something like "THL." In English this tends to come out Lou Ellen, but in the original Welsh it comes out more like Thle-weth-lin.]
Applied Materials Inc. acquired Global Knowledge Services for $??, NYT, C4.

12/04/2001 7 takeovers, totaling $5.2108B, reported in NY Times (NYT) & Boston Globe (BG) -

Germany: Utility acquisition - Sweden's Vattenfall gained control of Berlin's Bewag by paying $1.63B to Atlanta's Mirant for its 44.8%, by Edmund Andrews, NYT, W1.
Agreements on 2 mergers in biotechnology industry - e.g., MedImmune to buy Aviron for $1.5B, by Andrew Pollack, NYT, C10.
Chip design software maker Synopsys to buy Avanti for $776.8m, Bloomberg via NYT, C11.
Tyco International to buy disposable diaper maker Paragon Trade Brands for $565m, AP via NYT, C4.
Agreements on 2 mergers in biotech...e.g., Cephalon to buy Group Lafon for $450m, by Andrew Pollack, NYT, C10.
Nestle to buy Ionics' bottled water business Aqua Cool Pure Bottled Water for $220m, Bloomberg via NYT, C4.
Houston Exploration agrees to buy Conoco Properties for $69m, Bloomberg via NYT, C4.

12/03/2001 1 weekend takeover, worth $60m, reported in NY Times (NYT) & Boston Globe (BG) -

Digimarc to buy Polaroid ID Systems division for $60m, by Jeffrey Krasner, BG, C4.

12/01/2001 3 takeovers, totaling $1.86B + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

NRG Energy to buy plants from FirstEnergy for 1360+145= $1.505B, Bloomberg via NYT, C4.
Tellabs, phone gear maker, to buy Ocular Networks for $355m, Bloomberg via NYT, C4.
Baxter International Inc. of Ill. will buy Autros Healthcare Solutions of Toronto for $??, NYT, C4.

11/30/2001 8 takeovers, totaling $992.75m + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Dole Food Co. sells 97% stake in Honduran brewery to South African Breweries for $537m, Bloomberg via NYT, C4.
Mellon Financial is buying PriceWaterhouseCoopers for $275m, Reuters via NYT, C4.
Emerson Electric is selling heating-systems unit to JPMorgan Partners for $165m, Bloomberg via NYT, C4.
Haverty Furniture will buy 4 stores from bankrupt HomeLife for $11m, NYT, C4.
Bank of New York to pay $4.75m to Hoenig Group for units that handle American depository receipts, NYT, C4.
2 stock trading companies say they are merging for $?? - Archipelago and RediBook, Bloomberg via NYT, C4.
Electronics Boutique Holdings bought Tradition Svenska for $??, NYT, C4.
McGraw-Hill bought Uniscore for $??, NYT, C4.

11/29/2001 6 takeovers, totaling $778.7m + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Canada: Brokerage firm, Credit Suisse First Boston's CSFBdirect unit was sold to Bank of Montreal for $520m, by Bernard Simon, NYT, W1. [Apparently another fad has started among our herd-minded, "don't accuse me of originality or imagination!" captains of industry - compare Merrill Lynch's sale to CIBC below on 11/23.]
Health products company Aristotle Corp. to acquire education sibling Nasco International for $156m, Reuters via NYT, C4.
Arris Group to buy modem maker Cadent for (45.7+17=) $62.7m, Bloomberg via NYT, C4.
ScanSoft buys assets of Lernout & Hauspie for $40m, pointer digest (to C3), NYT, C1.
[or the more informative Boston Globe version -]
ScanSoft is top bidder for assets of bankrupt L&H - Janet & James Baker fail to get Dragon Systems back, by Peter Howe, BG, C1.
[Serves them right. Morons should never have sold it in the first place. They betrayed their employees - and their valuable corporate mission - for something they already had in sufficiency - mere money. Reminiscent of another stupid business-couple, the pair who owned CP/M and snubbed the waiting IBM executives, thereby throwing the waiting world onto the lower-quality makeshift OS arranged by the young opportunist, Bill Gates.]
Omnicom Group in NYC acquired Promotion Network in Dallas for $??, by Allison Fass, NYT, C5.
Norway: Construction acquisition - Aker Maritime won control of Kvaerner for $??, by Alan Cowell, NYT, W1.

11/28/2001 2 takeovers, totaling $88m, reported in NY Times (NYT) & Boston Globe (BG) -

Ascential to buy Torrent Systems for $46m, by Ross Kerber, BG, G3.
Alloy Inc. bought MarketSource's 360 Youth unit for $42m, NYT, C4.

11/27/2001 8 takeovers, totaling $824.1m + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Indiana utility deal - NiSource to sell Indianapolis Water unit to City of Indianapolis for $515m, Bloomberg via NYT, C10.
OSI Pharmaceuticals to acquire Gilead Science's cancer business for $200m, Reuters via NYT, C4.
Gaylord Entertainment sells Christian music division, Word Entertainment, to Warner Music Group for $84.1m, AP via NYT, C4.
Conn. hospital sale - State(?) to sell Hartford's nonprofit Sharon Hospital to for-profit Essent Healthcare for $25m, AP via BG, D2.
Guinness North America Inc. bought former Pabst brewery in Pa.'s Lehigh Valley for $??, NYT, C4.
Sonic Automotive Inc. will acquire 5 auto dealerships near L.A. and Dallas for $??, NYT, C4.
Applied Materials buys chip inspection business from Schlumberger Semoconductor Solutions for $??, by Chris Gaither, NYT, C4.
Genzyme unit deals - Genzyme Biosurgery sold Snowden-Pencer line of surgical instruments and a closed mfg plant in Quebec to ?? for $??, by Beth Healy, BG, D8.

11/26/2001 1 weekend takeover, worth $undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Australian company Lang Corp. agrees to buy control of Virgin Blue airline for $??, Bloomberg via NYT, C2.

11/24/2001 2 more takeovers, totaling $670m, reported in NY Times (NYT) & Boston Globe (BG) -

Ecolab to pay $445m in cash to Henkel for other 50% stake in European joint venture, Bloomberg via NYT, C5.
'Delicate balance' awaits buyer of Brooks Brothers - Expert in casual, Retail Brand Alliance on Conn., acquires a fashion icon for $225m from Marks & Spencer, by Alan Cowell, NYT, C3.

11/23/2001 2 takeovers, totaling $726m, reported in NY Times (NYT) & Boston Globe (BG) -

Canada: Merrill Lynch to sell its Canadian retail brokerage & fund-mgmt unit to Canadian Imperial Bank of Commerce (CIBC) for $406m, Bloomberg via NYT, C3.
R.J. Reynolds Tobacco Holdings to buy Santa Fe Natural Tobacco for $320m, Bloomberg via NYT, C7.

11/22/2001 7 takeovers, totaling $824.3m + $undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

$273m telecommunications deal for Conestoga Enterprises by D&E Communications, Bloomberg via NYT, C3.
United National Bancorp to buy Vista Bancorp for $151.8m, NYT, C5.
Nucor to buy assets of Trico Steel for $120m, Bloomberg via NYT, C5.
Halliburton Co. acquired Magic Earth for $100m, NYT, C5.
Svenska Cellulosa buys Encore Paper Company for $92m, Bloomberg via NYT, C5.
PS Business Parks Inc. bought Cornell Oaks Corporate Center & 24 acres near Portland Ore. for $87.5m, NYT, C5.
3 steel firms to merge in Europe for $?? - France's Usinor, Luxembourg's Arbed, and Spain's Aceralia, AP via BG, B2.

11/21/2001 9 takeovers, totaling $10.8071B + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Greece: Bank plans to buy rival Alpha Bank for $3.6B, Bloomberg via NYT, W1. [Greek antitrust no better than ours?]
P&O and Royal Caribbean for $2.89B to merge into largest cruise line - Seeking profit in a market hurt by fear of travel, by Alan Cowell, NYT, C1.
Johnson Wax Professional to buy Unilever's commercial cleaning business for $1.6B, Reuters via NYT, C4.
Mohawk Industries, a carpet company, will buy Dal-Tile International, a maker of tiles for $1.4B, AP via NYT, C4.
WellPoint Health Networks to purchase CareFirst BlueCross BlueShield for $1.3B, Bloomberg via NYT, C4.
Belmay Holding Corp. will pay $17.1m for a 75% stake in Technology Flavors & Fragrances, NYT, C4.
Allen Telecom Inc. to buy Bartley R.F. Systems for $??, NYT, C4.
Apogent Technologies purchased Forefront Diagnostics for $??, Dow Jones via BG, E8.
Parametric Technology's ICEM surfacing unit bought out by mgmt team for $??, Dow Jones via BG, E8.

11/20/2001 14 takeovers, totaling $49.6192B + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

ChevronTexaco, formed by Chevron's $45.8B buyout of Texaco last month, sets 500 more job cuts, Bloomberg via NYT, C6.
[Did we miss this or did NYT & BG miss this? Or was it just a minority stake that was bought out with a name-change flourish?]
France: Electricite de France utility to buy British power distribution network & power generator for $2.4B, by Alan Cowell, NYT, W1.
Global Crossing plans to sell IPC Trading Systems desktop trading unit to an investment group for $360m, Bloomberg via NYT, C4.
Motorola purchased Synchronous Inc. for $260m, Bloomberg via BG, D2.
Cumulus Media buys Aurora Communications for $223m to gain Connecticut and New York radio stations, Bloomberg via NYT, C4.
Netbank buys mortgage lender Resource Bancshares Mortgage Group for $148.3m, by Andrew Zipern, NYT, C7.
Exelixis in $110m deal for Genomica, NYT, C8.
Consumer Portfolio Services Inc. to acquire MFN Financial Corp. for $99.9m, NYT, C4.
WCB Properties bought Hazard Center from Connecticut General Life Insurance for $71m, NYT, C4.
F.A.O. Schwarz to be acquired for $55m by Right Start, pointer digest (to A17), NYT, C1.
[Gee, they're getting ALL the toys for $55m! A mere bagatelle!]
CKE Restaurant Group Inc. will acquire Santa Barbara Restaurant Group for $54m, NYT, C4.
L-3 Communications Holdings will buy military engineering & info services unit from Emergent Information Technologies for $38m, NYT, C4.
New York agencies are set to merge - Frierson Mee & Partners and Ziccardi & Partners for $??, by Suzanne Kapner, NYT, C8.
Canton MA firm Stream International sold to Solectron of Calif. for $??, by Ross Kerber, BG, D10.

11/19/2001 1 weekend takeover, worth $35B, reported in NY Times (NYT) & Boston Globe (BG) -

Phillips Petroleum, Conoco merging in $35B deal - Company would rank 3d among US oil firms, by Danny Boyd, BG, F1.
...just behind Exxon Mobil Corp. and ChevronTexaco Corp. in size....
[or NYT version -]
Phillips and Conoco to form U.S. gasoline giant, by Banerjee & Sorkin, NYT, front page.

11/17/2001 1 takeover, worth $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Britain: WPP Group buys DC-based polling firm Penn Schoen & Berland Assocs. for $??, by Allison Fass, NYT, C3.

11/16/2001 4 takeovers, totaling $135m + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Vector Group agrees for $110m to buy Medallion, a cigarette maker, Bloomberg via NYT, C4.
Eastman Kodak is buying Encad, maker of wide-format printers for $25m, Bloomberg via NYT, C4.
Ericsson of Stockholm will sell its cable TV modems business to Aastra Technologies of Ontario for $??, NYT, C4.
Excel, Cargill's meat-packing unit, will buy Taylor Packing of Pa. for $??, NYT, C4.

11/15/2001 6 takeovers, totaling $166.6m + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Primedia will sell its Bacon's Information unit to Observer of Sweden for $90m, Bloomberg via NYT, C4.
Atlantic Bank of New York buys Yonkers Financial for $69.6m, Bloomberg via NYT, C4.
Etc. - ...Burnstand Inc. to acqure some North American operations & assets of Boston-based Primix Solutions for $7m, Globe staff & wire services, BG, E8.
Mellon Financial purchase of Eagle Investment Systems completed for $??, by Beth Healy, BG, E8.
Sprague Energy acquisition of Energy Retailers for $??, by Peter Howe, BG, E8.
Etc. - ...Tofias PC acquired Petitti Eisenberg & Gamache for $??, Globe staff & wire services, BG, E8.

11/14/2001 8 takeovers, totaling $768.5m + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Kaneb Pipe Line Partners to buy terminals in Nova Scotia & Dutch West Indies from Statia Terminals Group for (193+107=) $300m, Bloomberg via NYT, C4.
Alliant Techsystems to purchase ammunition business from Blount International for $250m, Reuters via NYT, C4.
School Specialty to acquire Franklin Covey's Premier School Agendas unit for $152.5m, Bloomberg via NYT, C4.
Washington Trust Bancorp based in Westerly RI buying First Financial Cp. for $39m, Bloomberg via NYT, C4.
DoubleClick ad agency sells European unit to Adlink Internet Media in Germany for $27m, by Jason Blair, NYT, C5.
InvestCorp of Bahrain bought Schlumberger's Neptune Technology Group for $??, NYT, C4.
Phoenix Investment Partners will buy majority stake in Kayne Anderson Rutnick Investment Mgmt for $??, NYT, C4.
Alloy Inc. buys Hub [Boston] firm Target Marketing & Promotions for $??, by Chris Reidy, BG, D10.

11/13/2001 5 takeovers, totaling $584m + $undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Juniper Networks buys start- up Pacific Broadband Communications for $200m, by Chris Gaither, NYT, C6.
Epsilon deal finalized by Relizon for $189m, by Beth Healy, BG, D8.
Scientific-Atlanta to acquire BarcoNet of Belgium for $154m, Bloomberg via NYT, C4.
Dura Automotive Systems, auto parts maker, to sell its plastics products business for $41m to undisclosed buyer, Bloomberg via NYT, C4.
BNP Paribas of France buys 60% majority stake in Capstar Partners for $??, Bloomberg via NYT, C4.

11/12/2001 2 weekend takeover reports, totaling $78.5m, reported in NY Times (NYT) & Boston Globe (BG) -

Miscellany - Taylor Nelson Sofres in London to acquire TES in Los Angeles for $76m, by Stuart Elliott, NYT, C9.
Steps planned by MobileStar Network...on net access - Will sell most assets to VoiceStream Wireless for $2.5m, by Chris Gaither, NYT, C6.

11/10/2001 2 takeovers, totaling $24.1B, reported in NY Times (NYT) & Boston Globe (BG) -

Rival, Dynegy, to buy Enron, top energy trader, for 9+13= $22B after financial fall, by Berenson & Sorkin, NYT, front page.
Royal Bank of Scotland got Fed approval to buy 345 bank branches from Mellon Financial for $2.1B, NYT, C4.

11/09/2001 5 takeovers, totaling $2.923B + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Newport News agrees to a $2.1B takeover by Northrop Grumman, AP via NYT, C4.
BB&T is buying two Kentucky banks for $823m, Reuters via NYT, C4.
Sherwin-Williams acquired 33 stores, the brand name and other assets from Mautz Paint for $??, NYT, C4.
2 New York agencies merge as Blum Ellenson for $??, by Stuart Elliott, NYT, C12.
Boston Scientific buys RadioTherapeutics for $??, by Naomi Aoki, BG, C5.

11/08/2001 2 takeovers, totaling $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

AEP Industries bought Australia & NZ packaging units of Visy Industries for $??, NYT, C4.
Bausch & Lomb bought ophthalmic drugs businesss from Fidia Farmaceutici of Italy for $??, NYT, C4.

11/07/2001 4 takeovers, totaling $1.985B + $undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Finland: Fortum Oyi buys remaining 50% stake in Birka Energi A.B. for $1.3B, by Petra Kappl, NYT, W1.
Britain: $637m acquisition by WPP Group of Tempus Group continues, by Suzanne Kapner, NYT, W1.
RailAmerica to buy ParkSierra for $48m, Bloomberg via NYT, C4.
Walt Disney Co. acquired Baby Einstein Co. for $??, NYT, C4.

11/06/2001 2 takeovers, totaling $32.8m + $undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Etc... Applied Biosystems Group acquired Boston Probes Inc. for $32.8m, wire services via BG, D8.
Progress Software made $?? deal for substantially all assets of PeerDirect, Dow Jones via BG, D8.

11/03/2001 5 takeovers, totaling $1.51825B + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

USX-Marathon to buy CMS Energy's West Africa holdings for $993m, Bloomberg via NYT, C4.
Prudential of Britain will cut jobs and sell its property & casualty unit to Credit Suisse Group for $517m, pointer digest (to C2), NYT, C1. ...Britain's second-largest insurer [will] cut 2,100 jobs
Ricochet, a wireless concern, sold to Aerie Networks for $8.25m, by Chris Gaither, NYT, C4.
Rohm & Haas Co. acquired packaging adhesives business from Benjamin Moore & Co. for $??, NYT, C4.
Spain: Marks & Spencer sells 9 stores to El Corte Ingles for $??, by Emma Daly, NYT, C2.

11/02/2001 3 takeovers, totaling $1.3B + $undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Berkshire Hathaway to acquire apparel giant - $835m to be paid for Fruit of the Loom, by David Barboza, NYT, C1.
Verizon acquires wireless operations in Calif., Ga., Ohio and Tenn. from Dobson Communications for $465m, by Simon Romero, NYT, C4.
South Korea: Bank merger between Kookmin Bank and Housing & Commercial Bank for $??, by Don Kirk, NYT, W1.

11/01/2001 7 takeovers, totaling $476m + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

MKS Instruments to buy Emerson Electric for about $251m, Bloomberg via NYT, C4.
Thor Industries to buy [Keystone RV - wake up, NYT editors!] for $145m, becoming travel trailer leader, Bloomberg via NYT, C4.
Intervention by Divine - In Aug., Open Market agreed to be bought by Divine Inc. for $54m, by D.C. Denison, BG, C1. [but unreported in BG/NYT till now]
Hopkinton Ma firm Marathon Biopharmaceuticals unit of CoPharma sold to Cambrex for $26m, Bloomberg via BG, C9.
Hubbell Inc. acquired MyTech for $??, NYT, C4.
Miscellany - Frankel in Chicago to acquire Creative Alliance Marketing & Communications for $??, Bloomberg via NYT, C5.
Miscellany - Euro RSCG Worldwide acquired Impact Group for $??, Bloomberg via NYT, C5.

10/31/2001 11 takeovers, totaling $2.2619B + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Cargill says it will buy control of Cerestar from Montedison for $1.13B, Bloomberg via NYT, C4.
Comdisco agrees to sell computer disaster-recovery unit to Hewlett-Packard for $750m, Bloomberg via NYT, C4.
[We're not sure, but we think this should read "SunGard Data Systems" instead of "Hewlett-Packard." We base this on the scribal principle of "legius difficilior potest" (the harder reading prevails - back on 7/17 #6 Comdisco did sell a unit to HP) and a later article, "Sale of Comdisco unit is cleared," by Andrew Zipern, 11/16/2001 NYT, C3, which states "A federal appeals court yesterday rejected the Justice Dept.'s effort to stop SunGard Data Systems Inc. from buying a unit of Comdisco.... In late October, federal antitrust officials moved to block the $825m acquisition of Comdisco's Availability Solutions, a computer disaster-recovery concern, arguing that it would reduce competition." Ain't it great how them lily-livered chickens in the Justice Dept's antitrust dept. are so tough on little guys that don't matter but cave in fast to the big guys who are really doing damage - like Microsoft.]
Coca-Cola for $186m will buy Odwalla, maker of fruit drinks, Bloomberg via NYT, C4.
IBM to buy CrossWorlds Software for $129m, by Steve Lohr, NYT, C2.
Digi International in $50m deal for NetSilicon, Bloomberg via NYT, C17.
Delphi Automotive Systems Corp. bought Automotive Technical Resources for $15m, NYT, C4.
24/7 Media to acquire Real Media in merger for $1.9m, Reuters via NYT, C2.
LexisNexis acquiring CourtLink for $??, by Lisa Guernsey, NYT, C2.
Ingersoll-Rand Co. bought Nadella for $??, NYT, C4.
Sonicwall Inc. acquired RedCreek Communications for $??, NYT, C4.
Genzyme purchased plants of bankrupt Pharming Grourp NV for $??, Bloomberg via BG, D9.

10/30/2001 2 takeovers, totaling $1.0446B, reported in NY Times (NYT) & Boston Globe (BG) -

Pension fund California Public Employees' Retirement System (Calpers) and adviser/partner Rreef America to buy Cabot Industrial Trust for $1B, Bloomberg via NYT, C4.
SPSS to buy NetGenesis for $44.6m, by Susan Stellin, NYT, C9.

10/29/2001 1 weekend takeover, worth $26B, reported in NY Times (NYT) & Boston Globe (BG) -

G.M. agrees to sell its satellite TV unit Hughes Electronics, owner of DirecTV, to EchoStar Communications for $26B, by Sorkin and Schiesel, NYT, front page.

10/27/2001 1 takeover, worth $undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Brown & Sharpe in $?? deal for Meas Inc., Bloomberg via BG, C1.

10/26/2001 5 takeovers, totaling $637.4m, reported in NY Times (NYT) & Boston Globe (BG) -

Coca-Cola joint venture with San Miguel buys Philippine drink company Cosmos for $269m, by Wayne Arnold, NYT, C4.
Alliant Techsystems agrees to buy ammunition unit from Blount International for $250m, Bloomberg via NYT, C4.
Jupiter Media Metrix, Internet research firm, is being bought by NetRatings for $71.2m, by Saul Hansell, NYT, C5.
Curtiss-Wright will pay $41m to Lau Acquisition for its Lau Defense Systems and Vista Controls units, NYT, C4.
Medtox Scientific has acquired Leadtech for $6.2m, NYT, C4.

10/25/2001 4 takeovers, totaling $875m + $undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Brooks Automation to buy PRI Automation for $440m, Reuters via NYT, C4.
Abbott Laboratories to buy Vysis, a laboratory products maker, for $355m, Reuters via NYT, C4.
Brunswick Corp. to buy Hatteras Yachts for $80m in cash, Bloomberg via NYT, C4.
Cardinal Health Inc. bought a manufacturing plant in Raleigh NC from Schering-Plough for $??, NYT, C4.

10/24/2001 2 takeovers, totaling $671m, reported in NY Times (NYT) & Boston Globe (BG) -

D. R. Horton acquires another home builder Schuyler Homes for $653m, Bloomberg via NYT, C4.
A Univision Communications' affiliate will buy KKWB TV for $18m, NYT, C4.

10/23/2001 2 takeovers, totaling $832m + $undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Britain: Container maker Pentaplast of Germany acquired by UK's Cinven from WCM Beteiligungs- und Grundbesitz for $832m, by Suzanne Kapner, NYT, W1.
Regis Corp. of Minneapolis bought GGG Group of France for $??, NYT, C4.

10/20/2001 2 takeovers, totaling $1.58B + $undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Vornado Realty Trust adds last 66% of Charles Smith Commercial Realty for $1.58, Bloomberg via NYT, C4.
Quest Diagnostics Inc. bought Clinical Diagnostic Services for $??, NYT, C4.

10/19/2001 6 takeovers, totaling $3.5295B + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

UtiliCorp United and unidentified partner to get its first utility in Europe, Midlands Electricity in Britain, for 362m+1700m= $2.062B from FirstEnergy, Bloomberg via NYT, C4.
WellPoint Health Networks will buy RightChoice Managed Care for $1.3B, AP via NYT, C4.
CYTYC buys maker of breast cancer testing device Pro-Duct Health for $167.5m, Bloomberg via NYT, C4.
Halliburton Co. of Dallas and rival DSND Subsea of Oslo will merge underwater units for $??, NYT, C4.
Diageo PLC purchased 30 restaurants in Florida from Nath Franchise for $??, NYT, C4.
Etc...Vail Resorts purchased majority of Rockresorts for $?? from Olympus Real Estate Partners, BG, C2.

10/18/2001 2 takeovers, totaling $580m, reported in NY Times (NYT) & Boston Globe (BG) -

Roadway is buying Arnold Industries for $475m, Bloomberg via NYT, C4.
Roadway to sell a warehousing and shipment-tracking unit for $105m to a group including Arnold's CEO Edward Arnold, Bloomberg via NYT, C4.

10/17/2001 5 takeovers, totaling $309.5m + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Maker of Jim Beam, Fortune Brands, sells its whiskey unit in Britain to unit's management for $290m, Bloomberg via NYT, C4.
Mothers Work Inc. to buy iMaternity for $19.5m, NYT, C4.
Dun & Bradstreet to buy Harris InfoSource International for $??, NYT, C4.
Eaton Corp. bought European auto mirror-control operations of Donnelly Corp. for $??, NYT, C4.
Britain: Retailer Marks & Spencer to buy 19 stores in France from Galeries Lafayette for $??, by Alan Cowell, NYT, W1.

10/16/2001 9 takeovers, totaling $1B even! + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Salt producer IMC Global will sell its salt and Ogden [Utah] businesses for $640m to a Apollo Management affiliate to focus on its main fertilizer business, Bloomberg via NYT, C4.
First Merchants agrees to acquire Lafayette Bancorp for $115.8m from shareholders, Bloomberg via NYT, C4.
Bally Total Fitness plans to purchase Crunch Fitness for $90m, AP via NYT, C4.
Union Pacific Overnite trucking unit to buy Motor Cargo Industries for $80m, Bloomberg via NYT, C7.
Software company Caminus buys rival software business of Altra Energy Technologies for $61.7m, Bloomberg via NYT, C2.
Monmouth Real Estate Investment Corp. bought Granite City, Ill. plant from Meridian Granite City for $12.5m, NYT, C4.
Phoenix Cos. will buy majority stake in Capital West Asset Management of Colo. for $??, NYT, C4.
Switzerland: $?? acquisition by money manager Credit Suisse Asset Management of SLC Asset Management Group unit from Sun Life of Canada, by Elizabeth Olson, NYT, W1.
Sara Lee sells the Jamesville NC wide-elastic mfg plant part of its Liberty Fabrics textile unit to McMurray Fabrics for $??, Reuters via NYT, C11.

10/13/2001 1 takeover, worth $156.65m, reported in NY Times (NYT) & Boston Globe (BG) -

Maine hydroelectric power conduit, including 6 generating stations and 11 water-storage dams, sold by Great Northern Paper to Brascan Corp. for $156.6m, AP via BG, C5.

10/12/2001 1 takeover, worth $2B, reported in NY Times (NYT) & Boston Globe (BG) -

NBC will pay $2B to buy Telemundo Communications Group, AP via BG, C5.

10/11/2001 3 takeovers, totaling $684m + $undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

J. M. Smucker Co. to buy 2 Procter & Gamble brands, Jif and Crisco businesses, via tax-evading 'spinoff,' for $675m, Bloomberg via NYT, C4.
Etc... PictureTel Corp.'s worldwide video conferencing service delivery business purchased by ACT Teleconferencing for $9m, Globe wire services via BG, C7.
Apogent Technologies in $?? buy of Chromacol Group (Chromacol, Epsom Glass, and Amchro) from US Filter and its Protean units, Dow Jones via BG, C7.

10/10/2001 3 takeovers, totaling $2.1004B + $undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Burlington Resources agrees to buy Canadian natural gas firm, Hunter Exploration, for $2.1B, Bloomberg via BG, D2.
Conversant Communications in $400k buy of USDataCenter's Web-hosting and data center, by Peter Howe, BG, D7.
General Electric Co.'s GE Financial Assurance unit acquired Centurion Capital Group for $??, NYT, C4.

10/09/2001 6 takeovers, totaling $6.4858B, reported in NY Times (NYT) & Boston Globe (BG) -

AT&T Wireless to acquire remaining 77% of TeleCorp PCS for 2.29+2.1+.221= $4.611B, Reuters via NYT, C4.
American Electric Power to buy 2 powerplants in England, Fiddlers Ferry and Ferrybridge, as part of $960m deal, AP via NYT, C4.
Clear Channel Communications buys Ackerley Group in $794m deal, AP via NYT, C4.
American soybean exporter, Bunge, buys La Plata Cereal unit in Argentina for $70m, Bloomberg via NYT, C4.
Private investor group including Blimpie's CEO to buy Blimpie International for $25.8m, Reuters via NYT, C4.
Lebenthal & Co. to be acquired by the MONY Group for $25m, by Wozencraft and Treaster, NYT, C4.

10/06/2001 2 takeovers, totaling $2.0058B + $undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Enron reaches a deal to sell its Oregon utility unit, Portland General Electric, to Northwest Natural Gas for $1.9B, by Andrew Sorkin, NYT, C4.
Renaissance Worldwide Inc. will be bought by Aquent for $105.8m, NYT, C3.

10/05/2001 2 takeovers, totaling $800m + $undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Aramark buying facility-services business from ServiceMaster for $800m, Bloomberg via NYT, C3.
Argentina: 91.9% airline stake in Aerolineas Argentinas, sold by Spain's state holding company to a Spanish-Argentine group including Airplus Argentina and its subsidiary, Air Comet, for $??, AP via NYT, W1.

10/04/2001 5 takeovers, totaling $369.7m + $undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

El Paso Energy to buy Chaco gas processing plant in N.M. from bank consortium for 198.5m, Bloomberg via NYT, C4.
L-3 Communications Holdings Inc. of NYC to buy Spar Aerospace of Toronto for $116.1m, NYT, C4.
KPMG Consulting Inc. of Va. bought an Australian unit from its former parent company KPMG International for $28.9m, NYT, C4.
Interiors Inc. sold its Stylecraft lamps unit to undisclosed buyer for $26.2m, NYT, C4.
Internet AdWatch is sold by Forrester Research to Evaliant Media Resources for $??, BG, C10.

10/03/2001 6 takeovers, totaling $246.2m + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) -

Xerox says Flextronics International will buy its office-equipment manufacturing unit, comprising half its total production, for $220m, Bloomberg via NYT, C4.
National Bancshares Corp., owner of First National Bank, to buy Peoples Financial, both of Ohio, for $15.2m, NYT, C4.
Direct marketers to merge - Alloy Inc. acquired Dan's Competition for $11m, by Susan Stellin, NYT, C2.
GE and Honeywell officially end merger agreement but GE to acquire 2 businesses from Honeywell for $??, AP via NYT, C4.
Princeton Review Inc. bought the assets of Embark.com for $??, NYT, C4.
Varian of Calif. acquires JMBS Developpements of France for $??, staff reports via BG, D4.

10/02/2001 8 takeovers, totaling $734.2m + $$undisclosed, reported in NY Times (NYT) & Boston Globe (BG) - the macho posing continues -

Globespan agrees to buy Virata for $587.8m, Bloomberg via NYT, C6.
Medicis Pharmaceutical to acquire Ascent Pediatrics for 60+(10x5)= $110m, Bloomberg via NYT, C4.
Genessee & Wyoming Inc. of Conn. to buy South Buffalo Railway unit from Bethlehem Steel for $36.4m, NYT, C4. [Aren't rail mergers on hold or is this below the radar?]
Sara Lee Corp. to buy Prima SA of Poland from Drie Mollen Holding of Netherlands for $??, NYT, C4.
Crane Co. to buy AeroHose unit from Teleflex for $??, NYT, C4.
Vermont Pure Holdings Ltd. to acquire Iceberg Springs Water of Conn. for $??, NYT, C4.
2 acquisitions are being made - E.g., Eric Mower & Assocs. acquired Sage Marcom, both in Syracuse NY, for $??, by Stuart Elliott, NYT, C2.
2 acquisitions are being made - E.g., Publicis Groupe's US operations is buying Fusion DM in San Francisco from MarketFirst Software in Mountain View for $?? to be merged with Publicis Dialog, by Stuart Elliott, NYT, C2.

For earlier Mergers&Acquisitions, click on the desired date -

For more details, our laypersons' guide to our great economic future Timesizing, Not Downsizing is available at bookstores in Harvard Square, Cambridge, Mass. or from *Amazon.com online.

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