Mergers and Acquisitions 2006

Mergers and acquisitions continued to grow in 2006. The year started off with the acquisition of Guidant Corp by Boston Scientific Corporation and Pixar Animation Studios Incorporated by Walt Disney.

These were followed by big merger and acquisition deals throughout the year in various sectors ranging from finance, banking and insurance to pharmaceuticals and telecommunications.

Mergers and acquisitions grew globally in 2006. Two big merger and acquisition deals in the very first two months set the pace for the entire year.

The first was the acquisition of Guidant Corp by Boston Scientific Corporation for $27.2 billion.

The other was the Walt Disney’s acquisition of Pixar Animation Studios for $7.4 billion.

These two initial months saw the declaration of $473 billion worth of mergers and acquisitions.

This marked the continuation of the growth trend of mergers and acquisitions from the two earlier years.

Some important mergers and acquisitions in 2006 include:
Banca Intesa SpA and Sanpaolo IMI SpA for $37.54 billion
Wachovia Corp. and Golden West Financial in the banking sector worth $26 billion
Mittal Steel Co. and Arcelor SA for $22.7 billion
Xstrata Plc and Falconbridge Ltd. of mining for $21.2 billion
Anadarko Petroleum and Kerr-McGee Corp. in the energy sector for $18 billion
Johnson & Johnson Inc. acquired Pfizer Inc. Consumer Products Division for $16.6 billion in the pharmaceuticals sector.
Softbank KK acquired Vodafone Japan KK for $15.3 billion in telecommunications
Regions Financial Corp. and AmSouth Bancorp for $10 billion in banking and finance.
AXA SA and Winterthur in the insurance sector for $9.93 billion
Goldcorp Inc. and Glamis Gold Ltd. for $8.6 billion in mining and minerals sector
Merrill, Lynch & Co. acquired BlackRock Inc. for $8billion
Takeover of Abbey National, Life Insurance Division by Resolution Plc in the insurance sector for $6.7 billion
MTN Group Ltd. and Investcom LLC in the telecom sector for $ 5.5 billion in telecommunications

 

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Last Updated on : 29th July 2013