Mergers:
Ranking Big Deals

Wall Street Journal 31oct2005

Telefonica's deal for O2, announced Monday, ranks among the biggest world-wide in 2005. But even with the hefty price, it ranks far below the costly deals sealed during the market's heyday near 2000, when stock values were high.

Merger Monday:
  • Telefonica to Buy O2 For $31.4 Billion
  • Barrick to Bid $9.2 Billion for Placer Dome
  • FCC Approves Two Telecom Deals
  • Novartis to Buy Rest of Chiron for $5.1 Billion

Biggest Deals This Year
The top 10 announced mergers and acquisitions world-wide in 2005

Rank    Acquirer / Target / Date  / Value* (billions) 
1.  Procter & Gamble / Gillette / Jan. 28 / $54.91 
2.  Mitsubishi Tokyo Financial / UFJ Holdings / Feb. 18 / $41.43 
3.  Bank of America / MBNA / June 30 / $35.81 
4.  Telefonica / O2 / Oct. 31 / $31.66 
5.  Gas Natural SDG / Endesa / Sept. 5 / $28.29 
6.  Unicredito Italiano / Bayerische Hypo & Vereinsbank / May 5 / $18.26 
7.  Comcast-Time Warner  / Adelphia Communications  /  April 21  / $17.61 
8.  ChevronTexaco  / Unocal  / April 4 / $17.12 
9.  SBC Communications  / AT&T  / Jan. 31  / $14.73 
10.  Goal Acquisitions  / Allied Domecq  / April 5  / $14.41 

Biggest Deals of All Time
The top 10 all-time announced mergers and acquisitions world-wide

Rank     / Acquirer   / Target   / Date   / Value* (billions) 
1.    Vodafone AirTouch   / Mannesmann   / Nov. 14, 1999   / $179.86 
2.    America Online   / Time Warner   / Jan. 10, 2000   / $164.75 
3.    Pfizer   / Warner-Lambert   / Nov. 4, 1999   / $89.17 
4.    Exxon   / Mobil   / Dec. 1, 1998   / $78.95 
5.    Glaxo Wellcome   / SmithKline Beecham   / Jan. 17, 2000   / $75.96 
6.    Royal Dutch Petroleum   / Shell Transport & Trading   / Oct. 28, 2004  $74.35 
7.    Travelers Group   / Citicorp   / April 6, 1998   / $72.56 
8.    SBC Communications   / Ameritech   / May 11, 1998   / $62.59 
9.    NationsBank   / BankAmerica   / April 13, 1998   / $61.63 
10.  Vodafone Group  /  AirTouch Communications  /  Jan. 18, 1999   / $60.29 
15.  Procter & Gamble   / Gillette   / Jan. 28, 2005   / $54.91 
26.  Mitsubishi Tokyo  / Financial  UFJ Holdings   / Feb. 18, 2005   / $41.43 
47.  Telefonica   / O2   / Oct. 31, 2005   / $31.66 

*Deal values exclude debt

Note: Deals are valued at the day of announcement, and updated on day of closing.

Source: Thomson Financial