Acquisitions Monthly articles from January 1 2001

Acquisitions Monthly archives from January 1 2001

Arthur Andersen adds to French team. (Accountancy movers).(Patrick Maurel and Anne Casahoursat)(Brief Article)
January 1, 2001... With the aim of strengthening its French advisory teams, international accountancy firm Arthur Andersen has made two new appointments: Patrick Maurel and Anne Casahoursat. Maurel and Casahoursat join from BNP Paribas' Banexi mid-cap...

Landwell boosts Hungarian team. (Legal movers).(Dezso Reti & Antall Landwell appoints Norbert Christ)(Brief Article)
January 1, 2001... Hungary's largest law firm Dezs6 Reti & Antall Landwell, a member of Landwell, has appointed a business law specialist, boosting its number of partners to nine. Dr Norbert Christ, formerly of Dewey Ballantine LLP, brings to the firm...

Eversheds appoints Parisian partner. (Legal movers).(Alexandre de Gouyon Marignon )(Brief Article)
January 1, 2001... After 13 years with US law firm Hughes Hubbard & Reed, Alexandre de Gouyon Marignon has left to join Eversheds as partner in its Paris corporate team. De Gouyon Marignon specialises in M&A, private equity, joint ventures and commercial...

Hultin joins Nordic Capital. (Legal movers).(Anders Hultin )(Brief Article)
January 1, 2001... Anders Hultin is to join private equity provider Nordic Capital as a partner from Carnegie where he is head of Nordic corporate finance and has been in the corporate finance department since the mid-eighties. Nordic Capital is "delighted to...

Dodge city: the Wyatt Earp of private equity: GE Equity may not have been involved in GE's US$45bn meca-acquisition of Honeywell, but the private equity arm made 33 investments in 2000 and has a US$6bn global portfolio with 65 European companies, Jonathan Isaacs talks to Sherwood Dodge, GE Equity's European managing director. (The AM Interview).(Interview)
January 1, 2001... Hunting Scotland's hard-to-find salmon is not the only activity preoccupying fly fisherman Sherwood Dodge this year. Dodge, who hails from USA, heads up GE Equity's European activities from GE's London offices. He is rising like a salmon...

Wanadoo a deal? French ISP Wanadoo pays a rook bottom price for the UK's Freeserve as European internet consolidation continues. (Media and Technology sector report).(statistical data included)
January 1, 2001... Sir Stanley Kalms knows a thing or two about selling high-tech gizmos before they go out of date. As chairman of British electrical retailer Dixons, Sir Stanley has amassed a 40m [pounds sterling] personal fortune by keeping ahead of the latest...

It's an in-equitable life: the fallout from the Equitable Life debacle is likely to have far reaching consequences throughout UK life assurance. (FIG sector report).(statistical data included)
January 1, 2001... The halting of Prudential's takeover discussions with UK mutual life assurance society Equitable Life has precipitated one of the most high-profile UK financial collapses in recent memory. The Equitable put itself up for sale in the summer...

Shire shells out for Biochem Pharma: as a result of Shire's deal with Biochem Pharma, the UK-based drug company is breaking with its tradition to avoid early-stage development, but whether this will yield sufficient returns to justify the price tag remains to be seen. (Chemical/Pharmaceutical Sector Report).(Shire Pharmaceuticals Group PLC)
January 1, 2001... UK-based Shire Pharmaceuticals has been roundly drubbed by the market for what is seen as the hugely overvalued price it has agreed to pay for BioChem Pharma of Canada. The two have agreed an all-paper deal that values BioChem Pharma at US$4bn....

Year ends with energy: oil executives across Europe and Scandinavia did their Christmas shopping very late as the oil, gas and energy sector saw a string of major deals in late December. (Utilities sector report).
January 1, 2001... ENI, the giant Italian energy conglomerate, stole the headlines in the run-up to Christmas by unexpectedly trumping Amerada Hess's 2.42bn [pounds sterling] agreed bid for independent UK oil company Lasmo by announcing a 2.7bn [pounds sterling]...

Behind the buyouts.
January 1, 2001... For the period January to June 2000, 13.5bn [pounds sterling] was spent on management buyouts in Europe, according to figures released by KPMG Corporate Finance. A breakdown of European buy-out spending places the UK far ahead of the rest,...

High-tech Hymatic goes to management for 53m [pounds sterling]: the MBO of cryocooler manufacturer Hymatic has revivified the rather cool secondary buyouts market. (Buyout of the month).
January 1, 2001... In a secondary buyout led by 3i, cryogenics and specialist aerospace engineering systems provider Hymatic Group has been acquired by its management. The acquisition is valued at 53m [pounds sterling]. 3i is increasing its investment to around...

A hands-on approach. (Behind the buyouts).(Barclays Private Equity takes a hand-dryer supplier off New World Corporate Finance's hands)(Brief Article)
January 1, 2001... Barclays Private Equity has taken a UK-based hand-dryer supplier off New World Corporate Finance's hands, in a management buy-in deal that values the company at 57m [pounds sterling]. The deal is the second transaction involving Warner...

Norgestion expands into Northern Spain. (Movers).(Maarten de Jongh leaving Banco Sabadell to set up independent business services group)(Brief Article)
January 1, 2001... Dutch national Maarten de Jongh, head of M&A at Banco Sabadell, will be leaving the Spanish bank this month to set up an M&A advisory division by independent business services group Norgestion in Barcelona. Meanwhile, Banco Sabadell has...

Merrill Lynch expands investment banking division. (Movers).(Brief Article)
January 1, 2001... As part of its continuing efforts to strengthen its investment banking division, Merrill Lynch has hired two M&A bankers. George Bilicic joins as managing director in M&A from law firm Cravath Swaine & Moore and will be focusing on...

ING Barings suffers losses in Asia. (Movers).(Chester Kwok and Anthony Steains quit)(Brief Article)
January 1, 2001... ING Barings has suffered two senior losses. Chester Kwok, head of corporate finance operations in Hong Kong, and Anthony Steains, head of Asian M&A, both quit the bank's Asian operations within the space of three weeks. Adrian Yang, who is...

Goldman adds sparks to corporate finance. (Movers).(Goldman Sachs and Co. hires Richard Morse)(Brief Article)
January 1, 2001... Goldman Sachs has been generating more employment, with the appointment of Richard Morse, senior UK gas and electricity regulator, as head of its European energy and power corporate finance department. Morse, currently deputy director...

UBS Warburg poaches ex-DLJ staff in the US. (Movers).(Donaldson Lufkin & Jenrette Inc. losing its bankers)(Brief Article)
January 1, 2001... The merger of Credit Suite First Boston and Donaldson Lufkin & Jenrette has led to more casualties as a handful of ex-DLJ recruits in the US head for UBS Warburg. Sources close to the bank claim that up to 70 bankers will be moving over to...

Microsoft lands city bankers. (Movers).(Microsoft Corp. appoints Richard Emerson)(Brief Article)
January 1, 2001... In sync with its recent decision to acquire Great Plains Software, a software developer supplying small and medium-sized companies, Microsoft has appointed Richard Emerson to head its corporate development activities. The deal, which is the...

Hawkpoint swoops on ex-Gartmore CEO. (Movers).(Hawkpoint Partners hires Andrew Brown)(Brief Article)
January 1, 2001... UK corporate finance house Hawkpoint Partners has hired a former Gartmore CEO to take the newly created role of finance director. Andrew Brown's was joint chief executive of Gartmore until the end of 1999. His appointment will strengthen...

Barclays Capital boosts European team. (Movers).(Barclays Capital Asset Management Ltd. hires Christian Bartling, Tim Hoffmeister and Karl-Bernd Ricken)(Brief Article)
January 1, 2001... As part of its continued expansion into Continental Europe, Barclays Capital has appointed three leveraged finance bankers from the Dusseldorf office of WestLB. Christian Bartling, formerly director of WestLB's global structured...

Goldman Sachs. (Selected moves and appointments in 2000).(hires Roberto Mendoza)(Brief Article)
January 1, 2001... Goldman Sachs hired Roberto Mendoza from JP Morgan.

ABN AMRO. (Selected moves and appointments in 2000).(Brief Article)
January 1, 2001... ABN AMRO snatched a group of senior bankers from Lazard.

Dresdner Kleinwort Benson's media and telecoms bankers. (Selected moves and appointments in 2000).(Brief Article)
January 1, 2001... Dresdner Kleinwort Benson's media and telecoms bankers, headed by Michael Phair, defected to Bear Stearns.

Barclays. (Selected moves and appointments in 2000).(hired Cyrus Ardalan)(Brief Article)
January 1, 2001... Barclays snared Cyrus Ardalan, former fixed-income chief at Paribas, who joined as vice-chairman in charge of investment banking in Continental Europe.

Deutsche Bank. (Selected moves and appointments in 2000).(appoints Michel Cohen and Ricardo Borsi )(Brief Article)
January 1, 2001... Deutsche Bank appointed Michel Cohen as new head of M&A in France and Ricardo Borsi as new head of investment banking in Italy.

Morgan Stanley. (Selected moves and appointments in 2000).(takes Rory Maw)(Brief Article)
January 1, 2001... Morgan Stanley took on a number of top bankers, including Rory Maw, after Schroders' merger with Salomon Smith Barney.

Greenhill & Co. (Selected moves and appointments in 2000).(hires Colin Roy)(Brief Article)
January 1, 2001... Greenhill & Co hired Colin Roy, co-head of Merrill Lynch's German investment banking business.

Lehman Brothers. (Selected moves and appointments in 2000).(Brief Article)
January 1, 2001... Lehman Brothers hired Florian Meister, Rolf Gerner and Andreas Nickel--from DLJ and CSFB in Germany.

Mover's: leaders of the pack: leading corporate financiers with knowledge of the boom sectors and extensive client relationships made a killing in 2000 with regard to both salary and bonuses.(statistical data included)
January 1, 2001... Corporate financiers and M&A professionals had an exceptional year in 2000, thanks to the unprecedented amount of cross-border consolidation in Europe, according to a report by TMP Worldwide Executive Search. But high levels of good...

UK regulators pours cold beer on Interbrew/Bass deal. (News).(Interbrew forced to sell Bass Ale Brewery)
January 1, 2001... The decision by the UK government at the beginning of January to force Interbrew to sell Bass's brewing arms came as crushing blow to the brewing industry. But for many industry experts it was the long-expected sequel to an enduring saga. ...

Demographic process affects M&A.(Brief Article)
January 1, 2001... M&A activity is being shaped by trends in the demographic process, says one demographer. Speaking at the recent launch of the Global Demographic Project, Amlan Roy, project coordinator at Credit Suisse First Boston in London, told...

Fear of rejection.(Nutreco Holding N.V. bid to buy GSP, Hydro Seafood division, rejected by Competition and Consumer Affairs )
January 1, 2001... Dutch fisheries firm Nutreco Holding has failed in its bid to gain control of the UK division of Hydro Seafood GSP, one of the world's largest salmon farming companies. The deal was blocked by Competition and Consumer Affairs Minister Dr...

CMS aids BPI defence.(CMS Cameron McKenna advises British Polythene Industries to reject the offer made by Macfarlane Group PLC)(Brief Article)
January 1, 2001... British Polythene Industries (BPI) has halted talks with a third party, regarding a possible recommended offer for the company. The plastics manufacturer has reaffirmed its commitment to rejecting the "inadequate" offer made by Macfarlane...

The whole package: unlike many of their national contemporaries, still unsure about cashing in on investment opportunities outside their domestic boundaries, German travel companies are looking to foreign shores to boost an already lucrative leisure industry. (German Update).
January 1, 2001... Following C&N Touristic's recent 550m [pounds sterling] acquisition of one of the UK's largest tour operators, Thomas Cook Holdings, the German travel firm, owned by Deutsche Lufthansa, has become the second largest travel group in Germany and...

High fashion in M&A: couturiers are coming off the catwalk and into the offices of financial advisers, Natasha Berg looks at the latest fashion in M&A. (News).(Pierre Cardin to zip up half of his luxury goods business )
January 1, 2001... Fashion houses have been lining up for the parade that will knock Kate Moss and Naomi Campbell off the catwalk. Pierre Cardin announced in December his decision to zip up half his luxury goods business and hang it on the rail for public sale....

European Parliament puts an end to hostilities as regulators state their cases. (Overview).(Europe's takeover policy changing)
January 1, 2001... The hostile takeover bid, long the warhead of the English M&A guided missile, has received a series of interceptor attacks from the European Parliament Legal Affairs Committee. Changes to the European Commission's company regulations on...

Midlands 'to see mere PTPs'. (Behind the buyouts).(public to private deals)(Brief Article)
January 1, 2001... More public to private deals are being predicted for the Midlands next year by Barclays Private Equity. Overall, said Birmingham-based director Brian Blakemore, businesses will continue to turn their backs on the stock exchange and opt...

UK focus: deal values hit new highs: the billion dollar buyout is now a reality. (Behind the buyouts).
January 1, 2001... There are subtler trends underlying the expansion in the buy-out market that become apparent when considering the UK market overview. For the third quarter, deal value increased massively, peaking at 8.9bn [pounds sterling], while the number of...

Private equity: funding flourishes as pressure grows for non-core divestments.
January 1, 2001... While a quarterly survey y Deloitte & Touche und that fundraising is becoming increasingly difficult for venture capitalists, Cinven has revealed that private-equity funding in the M&A market is flourishing. Back in August 2000, accountancy...

European activity: Italian deal values show four-fold increase. (Behind the buyouts).
January 1, 2001... CMBOR, founded by Barclays Private Equity and Deloitte & Touche, summarised the principal developments in the major European buy-out markets in its autumn 2000 report. In brief, large divestment deals continued to increase their share of the...

Burford's 1bn [pounds sterling] take-private. (Buyouts News).(Burford Holdings PLC management buyout)
January 1, 2001... British property group Burford Holdings PLC, the company that owns the Trocadero entertainment complex in London's West End, has agreed to go private in a 500m [pounds sterling] deal involving members of its management. Management buyout...

A healthy return for I investors: Simon Rowlands and Yagnish Chotai provide an overview of Cinven's investment in General Healthcare Group, the UK's largest private hospital provider. (Sponsored Article).
January 1, 2001... When Cinven acquired General Healthcare Group in 1997 the company employed over 6,000 people, with 26 hospitals providing private acute hospital care and 11 hospitals providing private psychiatric care. In September 2000, when the company...

Moving in the mid-markets (US$500m-US$50m).(Overview of the results of merger acrivities in 2000)(Brief Article)
January 1, 2001... Overview It has been a steady year for mid-market deals. When AM's analysis was done in mid-December, value of deals done in 2000 had just edged ahead of 1999's tally, with the number of deals set fair to catch 1999's total by the new...

Sparkling Christmas present for Hicks Muse: the US venture firm has seen its premium champagne businesses fetch a hefty price--but commentators are questioning the motives of the purchaser. (Mid-market news).(Hicks, Muse, Tate and Furst Inc. sold its champagne businesses to Allied Domecq)
January 1, 2001... Hicks Muse Tate & Furst saw the year out with a pop and a bubble when it sold its champagne businesses Mumm and Perrier-Jouet to Allied Domecq for E575m in cash. But at the same time Allied Domecq looked partied out when it revealed that...

Cobham gains Power & Control: Cobham, the international aerospace group, has rounded off a busy year with a 63m [pounds sterling] engineering acquisition. (Mid-market news).
January 1, 2001... FR HiTEMP, a subsidiary of the group, acquired the Power & Control business of BAE Systems Electronics for 63.75m [pounds sterling] in cash subject to a closing net asset adjustment. The purchase of the electronic fuel systems business was...

Shed wars: the return of Duke Street: Focus do it all has continued the consolidation of the DIY sector by snapping up Great Mills, having already merged with Wickes this year. (Mid-market news).(Duke Street Capital)(Brief Article)
January 1, 2001... In the same way that you might build a shed out of a selection of wood from a DIY shop, venture capitalist Duke Street is building a DIY empire by putting together three UK chains. But the firm dropped out of the race for a fourth chain,...

A Rose-y winter. (Mid-market news).(Norton Rose advising several mergers and acquisitions)(Brief Article)
January 1, 2001... The last quarter of 2000 was a busy one for Norton Rose, which advised on an array of mid-market deals. November saw the law firm advising Deutsche Bank on the 507m [pounds sterling] take-private of Powell Duffryn, the engineering to ports...

The waiting game: in an attempt to unlock fully its growth potential Germany has changed its approach to business but will this be enough to spark the 'big bang'? (Focus: German M&A).(statistical data included)
January 1, 2001... Activity in German M&A as calmed down in the last six months, but the trend towards globalisation and cross-border liberalisation, together with tax reforms and an increase in corporate disposals, is expected to push activity levels higher over...

Spain says hola to big-time M&A; Spain's M&A activity has been moving at an escalated pace over the last six months, with some of the most significant deals taking place in the domestic market. (Iberian Update).
January 1, 2001... Occupying four fifths of the Iberian Peninsular, Spain has in the past six months seen an active domestic M&A market. The country has also secured its position as an attractive destination for overseas purchasers, as well as an important...

Portuguese M&A cemented in domestic market. (Iberian Update).(mergers and acquisitions blocked by government)
January 1, 2001... Portugal has been hitting the headlines recently with the government's continuing effort to prevent some of the country's biggest companies from falling into foreign hands. The deal which the most racket was Holderbank Financiere Glarus's...

Spain and Portugal. (Europe).(acquisitions and mergers)(Brief Article)(Illustration)
January 1, 2001... Target Concepcao e Arquitectura de Solucoes Informaticas Estruturadas PORTUGAL 60% --PROVIDE COMPUTER CONSULTING SERVICES Sales ($): n/a Net Profits ($): n/a Bidder EDP Electricidade de Portugal PORTUGAL...

New bids for UK public companies. (UK Publics).
January 1, 2001... NEW BIDS FOR UK PUBLIC COMPANIES Definitions: N/A--Not available EPS(p)--Earnings per share, in pence, as reported by the company at the most recent accounting year end. Net Assets/Share(p)--Net assets per share, in pence,...

Pending bids for UK public companies. (UK Publics).
January 1, 2001... PENDING BIDS FOR UK PUBLIC COMPANIES Target Ellis & Everard --MANUFACTURE, WHOLESALE CHEMICALS Financial Adviser--Dresdner Kleinwort Benson Target Lawyer--Hammond Suddards Edge / Slaughter & May Year End ...

Completed bids for UK public companies. (UK Publics).(Illustration)
January 1, 2001... COMPLETED BIDS FOR UK PUBLIC COMPANIES Target Bernard Matthews 57.8% --PRODUCE TURKEYS, TURKEY EGGS Financial Adviser--Dresdner Kleinwort Benson Target Lawyer--Slaughter & May Year End Income ...

Hanging on the telephone: Cherry Canovan examines the state of play in the European telecoms market as the G3 auctions draw to a close. (Telecoms Focus).
January 1, 2001... Britain's victory in the G3 bidding war, where its top-of-the-range auction system secured it a cool US$22.5bn for the national coffers, has had lasting repercussions on the telecoms market. The amounts paid have played a part in plunging some...

Will your deal be branded a failure? Making acquisitions may look likely to improve your company's performance--but unless you treat the brands you buy carefully, they may lose their value. (Focus: branding in M&A).
January 1, 2001... As all readers of Acquisitions Monthly know, international M&A is an enormously sophisticated business, keeping hordes of experts, both legal and financial, in employment. Any given merger will have been pored over for countless man-hours until...

TMT turns down but Vodafone keeps the flag flying: Jonathan Isaacs assesses the industrial channels of activity in the torrent of M&A during millennium year and highlights where these trends are headed in 2001. (Review of 2000).(Related article: A month-by-month M&A omnibus of 2000, by Natasha Berg)
January 1, 2001... Although M&A activity posted unprecedented growth for the eighth year in succession, courtesy of the record-breaking US$202.8bn Vodafone/Mannesmann acquisition, the omens have been bad since the second quarter, with activity tailing off since...

European M&A reaches dizzy heights: transactions in the telecoms sector continued to dominate European M&A in 2000, as continued consolidation pushed activity levels to new highs. (Review of 2000).
January 1, 2001... The year 2000 was strongly tipped to be a time when anything could be achieved. For many it provided little more than a stream of broken promises, but for European M&A it provided the perfect platform for continued consolidation. Activity...

Goldman gains gold again: among the UK big hitters of M&A advice, none comes bigger than Goldman Sachs, Cherry Canovan reviews the UK league tables of advisers and acquisitions. (UK focus).
January 1, 2001... UK deals held few surprises when it came to the advisory league tables in 2000. M&A's two heaviest hitters, Goldman Sachs and Morgan Stanley Dean Witter, topped the announced deals league for UK targets, but Goldman proved its form by finishing...

Domestic European deals slump: Pepsi plus porridge--the new M&A recipe. (M&A Data).(statistical data included)(PepsiCo Inc. acquires Quaker Oats Co.)
January 1, 2001... Cross-border M&A was again the name of the game this month in Europe as total deals climbed in value to $55.87bn compared with $44.23bn last month, which was a decline from November's $63.67bn total. Nevertheless, the figure showed a decline on...

Benelux. (Europe).(acquisitons and mergers)
January 1, 2001... Target EVC International NETHERLANDS (52%) --MANUFACTURE PVC PLASTIC PRODUCTS Sales ($): 925.30m Net Profits ($): -47.20m Bidder Ineos Group BELGIUM --MANUFACTURE ANTIFREEZE Sales ($): n/a Announcement...

France. (Europe).(acquisitions and mergers)
January 1, 2001... Target Cie de Fives Lille FRANCE --MANUFACTURE, WHOLESALE INDUSTRIAL MACHINERY, EQUIPMENT Sales ($): 769.90m Net Profits ($): 17.50m Bidder Industri Kapital SWEDEN --INVESTMENT COMPANY Sales ($): n/a...

Germany. (Europe).(acquisitions and mergers)(Illustration)
January 1, 2001... Target BASF Pharma-European Generics Business GERMANY --MANUFACTURE GENERIC PHARMACEUTICALS Sales ($): 60.40m Net Profits ($): n/a Bidder Novartis Generics SWITZERLAND --MANUFACTURE GENERIC PHARMACEUTICALS ...

Italy. (Europe).(acquisitions and mergers)
January 1, 2001... Target Banca di Legnano ITALY 55% --BANK Sales ($): 160.70m Net Profits ($): 12.20m Bidder Banca Popolare di Milano ITALY --BANK Sales ($): 1,768.10m Announcement date: 20-Dec-00 Value ($): 600.60m...

Nordic. (Europe).(acquisitions and mergers)
January 1, 2001... Target Det Berlingske Officin DENMARK 76.2% --PUBLISH NEWSPAPERS Sales ($): 396.70m Net Profits ($): n/a Bidder Orkla NORWAY --PUBLISH NEWSPAPERS; HOLDING COMPANY Sales ($): n/a Announcement date:...

Completed acquisitions of UK private companies. (UK Privates).
January 1, 2001... COMPLETED ACQUISITIONS OF UK PRIVATE COMPANIES The UK Private section comprises transactions with a UK target, with no listing, and with no corporate divestor. Deals are announced within the month and are completed. Previously (October...

UK divestments.
January 1, 2001... UK DIVESTMENTS Target Kelda --PRIVATE EQUITY FIRM SUB/DIV BEING SOLD: ALCONTROL, ACS, GEOCHEM--Provide testing services Bidder Bridgepoint Capital --PRIVATE EQUITY FIRM Announcement date: 11-Dec-00 Value:...

Domestic North America acquisitions.
January 1, 2001... DOMESTIC NORTH AMERICA ACQUISITIONS Target Agribrands International UNITED STATES --PRODUCE ANIMAL FEED Sales ($): 1,193.10m Net Profits ($): 45.00m Bidder Cargill UNITED STATES --WHOLESALE GRAIN AND FIELD...

European acquisitions in North America.
January 1, 2001... EUROPEAN ACQUISITIONS IN NORTH AMERICA Target AC Nielsen UNITED STATES --PROVIDE TV VIEWER ESTIMATION SERVICES Sales ($): 1575.5m Net Profits ($): 59m Bidder Verenigd Bezit (VNU) NETHERLANDS --PUBLISH...

European acquisitions in Latin America. (Europe in Latin America).
January 1, 2001... Target Banco Bradesco-Telecommunication Networks BRAZIL --PROVIDE TELECOMMUNICATION SERVICES Sales ($): n/a Net Profits ($): n/a Bidder Portugal Telecom PORTUGAL --PROVIDE TELECOMMUNICATION SERVICES ...

European acquisitions in the rest of the world. (UK Publics).
January 1, 2001... Target County Investment Management AUSTRALIA --PRODUCE FUND MANAGEMENT ADVISORY SERVICES Sales ($): n/a Net Profits ($): n/a Bidder Amvescap UNITED KINGDOM --PRODUCE FUND MANAGEMENT SERVICES Sales...

Significant and minority stakes. (Significant Stakes).(Illustration)
January 1, 2001... This section lists international acquisitions of significant and minority stakes in companies with a value of US$50m and over, possibly with a view to obtaining control. Situations concerned with the acquisition of significant stakes are...

Monthly sector analysis.(acquisitions and buyouts announced between November 25 and December 31 2000)(Illustration)
January 1, 2001... MONTHLY SECTOR ANALYSIS The sector analysis includes acquisitions and buyouts announced between November 25 and December 31 2000. UK public offers completed between these dates are included whereas new and pending offers are excluded....