Cover image for Cases in corporate acquisitions, buyouts, mergers and takeovers
Cases in corporate acquisitions, buyouts, mergers and takeovers
Hill, Kelly.
Publication Information:
Detroit, Mich. : Gale Group, 1999.
Physical Description:
xii, 1507 pages : 29 cm
Added Author:
Format :


Call Number
Material Type
Home Location
Item Holds
HD2756 .C37 1999 Adult Non-Fiction Central Closed Stacks-Oversize Non-Circ

On Order



Mergers and acquisitions are an increasingly important aspect of doing business in the United States and abroad. Business students and the libraries that serve them have expressed a need for case studies of the most notable corporate mergers and acquisitions. Gale meets that need by developing a product that fills the gap between general handbook information and the specific studies of individual corporate mergers or acquisitions available in monographs.

Reviews 2

Booklist Review

Hill and a team of 11 contributors have compiled an interesting new business resource. They have assembled a collection of case studies on approximately 293 "high profile" corporate acquisitions, buyouts, mergers, and takeovers from 1868 to early 2000. About 5 percent of the text covers corporate changes during the years 1939 to 1979, and 29 percent cover the 1980s. The vast majority of the text covers case studies during the 1990s, among them British Petroleum and Amoco, Daimler-Benz and Chrysler, and Walt Disney and ABC. Only one case, New York Central Railroad and Erie Railroad, is from the nineteenth century. The intended audience is high-school and college business students. Content is arranged alphabetically by corporate name, and most articles are around five-and-one-half pages in length. A typical entry has sidebars providing vital facts on the companies affected; business details, such as 1998 figures for revenue and number of employees, and SIC and NAICS codes; lists of primary officers; and brief biographies of key players. The narrative portion includes an overview, a history of each company, market forces driving the merger, "approach and engagement" information, products and services, changes to the industry, and a review of the outcome. Rounding out each case study is a bibliography of current periodicals and books. Assisting the user is a five-page chronology from 1868 to early 2000. This is followed by an industry index that is arranged alphabetically by industry and then by SIC number and a general index. There are many business textbooks that utilize case studies and are useful for students doing in-depth research projects on companies undergoing changes. Cases in Corporate Acquisitions, Buyouts, Mergers, and Takeovers will be useful in high-school, public, and academic libraries where business students seek information on a more introductory level.

Choice Review

Impressive for the sheer volume of pages and information it contains, this publication is intended to function as an encyclopedia of significant mergers and acquisitions of the last century, though the majority of transactions covered are from the last 20 years. For each such transaction, information is provided on a number of areas pertinent to the particular merger, e.g., business history and background, market forces driving the merger, overview of the structure of the merger or acquisition, basic financial information about the companies, and key executives of the companies involved. In addition, there is a brief discussion of the impact of the transaction on the industry and a review of the outcome in terms of growth or dissolution of the parties and also the impact on jobs. Contributors to the work include academics, business historians, and professionals. The book is indexed in several ways, including a general index containing an alphabetic listing of companies; a chronological listing of the transactions; and an industry index. This volume is clearly best used as a library or desk reference and should be invaluable to anyone who works in or needs information about the corporate acquisitions area. Upper-division undergraduate through professional collections. F. A. Marino; Assumption College

Table of Contents

Introduction and User's Guidep. v
Adobe Systems and Aldusp. 1
Aerospatiale and Dassault Aviationp. 6
Aetna and U.S. Healthcarep. 13
AirTouch and MediaOnep. 19
Akzo and Nobel Industriesp. 24
Allegheny Ludlum and Teledynep. 29
Allied and Bendixp. 34
Allied Waste and Browning-Ferrisp. 39
AlliedSignal and Honeywellp. 43
America Online and Netscape Communicationsp. 48
American Home Products and American Cyanamidp. 53
American Home Products and Monsantop. 58
American Home Products and SmithKline Beechamp. 64
Amoco and Dome Petroleump. 69
Anheuser-Busch and Campbell Taggartp. 74
Apple Computer and NeXT Softwarep. 79
Asea and BBC Brown Boverip. 84
Ashland Coal and Arch Mineralp. 89
Astra and Zenecap. 93
ATandT and McCaw Cellular Communicationsp. 97
ATandT and MediaOnep. 102
ATandT and NCRp. 108
ATandT and TCIp. 113
Banc One and First Chicago NBDp. 118
Banco Central Hispanoamericano and Banco Santanderp. 123
Bank of Montreal and Royal Bank of Canadap. 129
Banque Nationale de Paris and Paribasp. 134
BAT Industries and Farmers Groupp. 140
Baxter Travenol and American Hospital Supplyp. 144
Bell Atlantic and GTEp. 149
Bell Atlantic and NYNEXp. 155
Bell Atlantic and TCIp. 160
Bergen Brunswig and IVAXp. 165
Berkshire Hathaway and General Rep. 170
Bertelsmann and Doubledayp. 175
Bertelsmann and Random Housep. 179
Bertelsmann and RCA/Ariola Internationalp. 184
Boeing and McDonnell Douglasp. 188
Bridgestone and Firestonep. 193
Bristol-Myers and Squibbp. 198
British Aerospace and Marconi Electronic Systemsp. 203
British American Tobacco and Rothmans Internationalp. 210
British Petroleum and Amocop. 214
British Petroleum and Standard Oil of Ohiop. 219
British Telecommunications and MCI WorldComp. 222
Burlington Northern and Santa Fe Pacificp. 227
Burroughs and Sperryp. 231
Cadbury Schweppes and AandW Brandsp. 235
Cadbury Schweppes and Dr. Pepper/Seven Upp. 239
Cadence Design and Valid Logicp. 244
Campeau and Allied Storesp. 248
Canal Plus and NetHoldp. 252
Champion International and St. Regis Paperp. 256
Chase Manhattan and Chemical Bankp. 260
Chevron and Gulf Oilp. 265
Citicorp and Quotron Systemsp. 270
Citicorp and Travelersp. 274
Coastal and American Natural Resourcesp. 279
Coastal and Texas Easternp. 284
Columbia Healthcare and Hospital Corp. of Americap. 288
Compaq Computer and Digital Equipmentp. 293
ConAgra and Beatricep. 298
Conseco and Kemperp. 304
Consolidated Foods and Gentryp. 310
Cooper Industries and McGraw-Edisonp. 314
Costco and Pricep. 318
Credit Suisse and First Bostonp. 322
Credit Suisse and Winterthurp. 326
Crown Cork and Seal and Carnaud Metalboxp. 331
CUC International and HFSp. 335
CVS and Arbor Drugsp. 339
Cyprus Minerals and Amaxp. 342
Daimler-Benz and Chryslerp. 347
Deloitte Haskins and Sells and Touche Rossp. 354
Dominion Resources and East Midlands Electricityp. 357
Dow Chemical and Union Carbidep. 361
Du Pont and Conocop. 367
Du Pont and Herbertsp. 373
Duke Power and PanEnergyp. 378
Eastman Kodak and Sterling Drugp. 382
Eli Lilly and PCS Health Systemsp. 388
Ensco International and Dual Drillingp. 392
Ernst and Whinney and Arthur Youngp. 395
Ernst and Young and KPMG Peat Marwickp. 399
Exxon and Anglo-American Oilp. 404
Exxon and Mobilp. 409
Federal Express and Tiger Internationalp. 416
Federated Department Stores and R.H. Macyp. 421
Filipacchi Medias and Hachette Filipacchi Pressp. 426
First Chicago and NBD Bancorpp. 429
First Union and CoreStates Financialp. 433
First Union and First Fidelityp. 438
Fleet Financial Group and National Westminster Bancorpp. 443
Fletcher Challenge and Rural Banking and Financep. 447
Ford and Volvop. 452
Forstmann Little and General Instrumentp. 457
Forstmann Little and Gulfstream Aerospacep. 462
Forstmann Little and Ziff-Davisp. 466
Fujitsu and Fairchild Semiconductor Internationalp. 470
General Cinema and Harcourt Brace Jovanovichp. 475
General Dynamics and Newport News Shipbuildingp. 480
General Electric and RCAp. 486
General Mills and Gorton'sp. 491
General Motors and Electronic Data Systemsp. 496
General Motors and Hughes Aircraftp. 503
Georgia-Pacific and Great Northern Nekoosap. 509
Gillette and Braunp. 514
Gillette and Duracellp. 519
Gillette and Wilkinson Swordp. 524
Glaxo Holdings and Wellcomep. 529
Sir James Goldsmith and Crown Zellerbachp. 534
Grand Metropolitan and Guinnessp. 538
Grand Metropolitan and Liggettp. 544
Grand Metropolitan and Pillsburyp. 549
GTE and Contelp. 554
GTE and Sprintp. 559
GTE Sprint Communications and United Telecommunicationsp. 565
Gulf Oil and Cities Servicep. 569
Gulf + Western and Paramount Picturesp. 573
Gulf + Western and Prentice-Hallp. 578
Gulf + Western and Simon and Schusterp. 583
Halliburton and Dresser Industriesp. 588
Hasbro Industries and Milton Bradleyp. 593
Hilton Hotels and Bally Entertainmentp. 598
Hoechst and Celanesep. 604
Hoechst and Marion Merrell Dowp. 609
Hollinger and Sun-Timesp. 614
IBM and Lotusp. 618
Carl Icahn and Trans World Airlinesp. 623
ICN Pharmaceuticals and Roche Holdingp. 627
ING and Baringsp. 633
Ingersoll-Rand and Clark Equipmentp. 638
Insurance Company of North America and Connecticut Generalp. 642
Interbrew and Labatt Brewingp. 647
International Nickel and ESBp. 652
InterNorth and Houston Natural Gasp. 655
Interstate Bakeries and Continental Bakingp. 659
C. Itoh and Atakap. 663
ITT and Hartford Fire Insurancep. 667
ITT and Starwoodp. 673
James River and Crown Zellerbachp. 678
James River and Fort Howardp. 683
Jefferson-Pilot and Chubb Life Insurancep. 688
Johnson and Johnson and Cordis Corpp. 692
Johnson Controls and Hoover Universalp. 697
Kirk Kerkorian, Lee Iacocca and Chyrslerp. 703
Kimberly-Clark and Scott Paperp. 709
Klynveld Main Goerdeler and Peat, Marwick, Mitchellp. 716
Kohlberg Kravis Roberts and Beatricep. 719
Kohlberg Kravis Roberts and Bordenp. 723
Kohlberg Kravis Roberts and RJR Nabiscop. 728
Kohlberg Kravis Roberts and Safeway Storesp. 734
Kyoei Steel and Florida Steelp. 739
The Limited and Carter Hawley Halep. 742
Lockheed and Martin Mariettap. 748
Lockheed Martin and Loralp. 754
Lockheed Martin and Northrop Grummanp. 760
LTV and Jones and Laughlinp. 767
Lucas Industries and Varityp. 774
LVMH Moet Hennessy Louis Vuitton and Guccip. 779
MacAndrews and Forbes and Marvel Entertainmentp. 783
Manpower and Blue Arrowp. 787
Marion Laboratories and Merrell Dow Pharmaceuticalsp. 791
Marks and Spencer and Brooks Brothersp. 796
Matsushita Electric Industrial and MCAp. 801
Mattel and Tyco Toysp. 806
McCaw Cellular Communications and LIN Broadcastingp. 811
McKesson and General Medicalp. 816
Merck and Medco Containment Servicesp. 820
Merck and Rhone-Poulencp. 826
Mesa Petroleum and Cities Servicep. 832
Mesa Petroleum and Phillips Petroleump. 837
Mesa Petroleum and Unocalp. 842
Michelin and Uniroyal Goodrichp. 847
Microsoft and Intuitp. 852
Microsoft and Vermeer Technologiesp. 857
Mobil and Superior Oilp. 861
Monsanto and G.D. Searlep. 866
Morgan Stanley and Dean Witter, Discoverp. 872
National Amusements and Viacomp. 878
NationsBank and Barnett Banksp. 883
NationsBank and Montgomery Securitiesp. 889
Nestle and Carnationp. 894
Nestle and Source Perrierp. 900
New York Central Railroad and Erie Railroadp. 906
Newmont Mining and Sante Fe Pacific Goldp. 911
News Corp. and New World Communicationsp. 915
News Corp. and Twentieth Century Foxp. 920
Norfolk Southern, CSX, and Conrail Inc.p. 926
Northrop and Grummanp. 930
Northwest Airlines and Republic Airlinesp. 937
Novell and Lotusp. 942
Novell and WordPerfectp. 947
Occidental Petroleum and Diamond Shamrockp. 952
Olivetti and Telecom Italiap. 958
Pacific Enterprises and Enovap. 963
Packard Bell and NECp. 967
Panhandle Eastern and Associated Natural Gasp. 972
Pantry Pride and Revlonp. 977
Paramount and Macmillanp. 983
Pennsylvania Railroad and New York Central Railroadp. 988
PepsiCo and Tropicana Productsp. 992
Pharmacia and Upjohnp. 998
Philadelphia National Bank and Girard Trust Corn Exchange Bankp. 1004
Philip Morris and Kraftp. 1007
PhyCor and MedPartnersp. 1013
Pirelli and Continentalp. 1017
Price Waterhouse and Coopers and Lybrandp. 1023
Primerica and Travelersp. 1029
Procter and Gamble and Cloroxp. 1033
Prudential Insurance and The Bache Groupp. 1039
Quaker Oats and Snapplep. 1044
Quaker Oats and Stokely-Van Campp. 1049
Ralston Purina and Drake Bakeriesp. 1054
Ralston Purina and Union Carbidep. 1059
Raytheon and Hughes Aircraftp. 1066
Reed Elsevier and Mead Data Centralp. 1071
Reed Elsevier and Wolters Kluwerp. 1077
Reed International and Elsevierp. 1083
Renault and Volvop. 1087
Rhodia and Paarmalp. 1092
Rhone-Poulenc and Rorerp. 1096
Rite Aid and Revcop. 1101
R.J. Reynolds and Nabisco Brandsp. 1105
Roche Holding and Genentechp. 1111
Roche Holding and Syntexp. 1118
Rockwell International and AeroSpace Technologies of Australiap. 1124
Rockwell International and Reliance Electricp. 1129
Royal Dutch/Shell Group and Shell Oilp. 1135
Sandoz and Ciba-Geigyp. 1142
Sandoz and Gerber Productsp. 1148
Sanpaolo IMI and Banca di Romap. 1155
Sara Lee and Akzo Consumenten Produktenp. 1158
SBC Communications and Ameritechp. 1163
SBC Communications and Pacific Telesisp. 1169
Scottish Power and PacifiCorpp. 1174
Seagate Technology and Conner Peripheralsp. 1178
Seagram and Dole Foodp. 1183
Seagram and MCAp. 1189
Sears, Roebuck and Dean Witter Reynoldsp. 1196
Service Corporation International and The Loewen Groupp. 1202
Shell Oil and Belridge Oilp. 1207
Siemens and Nixdorfp. 1212
Sierra Health Services and Physician Corporation of Americap. 1217
SmithKline Beckman and Beecham Groupp. 1222
SmithKline Beecham and Diversified Pharmaceuticals Servicesp. 1227
Societe Nationale Elf Aquitaine and Texasgulfp. 1232
Sony and Columbia Pictures Entertainmentp. 1237
Southern and Southwestern Electricityp. 1243
Southwestern Bell and Cox Enterprisesp. 1247
Southwestern Bell and Metromediap. 1253
Standard Oil Company of New York and Vacuum Oilp. 1258
Staples and Office Depotp. 1262
Stone Container and Consolidated Bathurstp. 1267
Stroh Companies and G. Heilemanp. 1272
Swiss Bank and Union Bank of Switzerlandp. 1276
Tellabs and Cienap. 1281
Texaco and Getty Oilp. 1285
Texas Pacific and Del Monte Foodsp. 1290
Textron and American Woolenp. 1295
Textron and Chicago Pacificp. 1300
Thomson and Daewoop. 1304
Thomson and West Publishingp. 1310
3Com and U.S. Roboticsp. 1316
Time and Warnerp. 1321
Time Warner and Turner Broadcasting Systemp. 1326
Tracor and AEL Industriesp. 1331
Travelers and Metropolitan Life Insurancep. 1335
Turner Broadcasting System and CBSp. 1339
Turner Broadcasting System and MGM/UA Entertainmentp. 1344
Tyco International and AMPp. 1351
UAL Management and Employees and UALp. 1357
Ultramar and Diamond Shamrockp. 1361
UniCredito Italiano and Banca Commerciale Italianap. 1366
Union Pacific and Southern Pacific Transportationp. 1371
Union Pacific Resources and Pennzoilp. 1378
United HealthCare and Humanap. 1384
U.S. Steel and Marathon Oilp. 1388
U.S. Steel and National Steelp. 1394
U.S. Steel and Texas Oilp. 1400
U S West and Continental Cablevisionp. 1405
USA Waste Services and Waste Managementp. 1411
Viacom and Blockbusterp. 1416
Viacom and CBSp. 1422
Viacom and Paramountp. 1428
Vodafone Group and AirTouch Communicationsp. 1435
Volkswagen and Rolls-Roycep. 1440
Von's Grocery and Shopping Bag Food Storesp. 1446
Walt Disney and ABCp. 1449
Walt Disney and Infoseekp. 1455
Westinghouse Electric and CBSp. 1460
Wings Holding and Northwest Airlinesp. 1464
WorldCom and MCI Communicationsp. 1469
Contributorsp. 1475
Chronologyp. 1477
Industry Indexp. 1483
General Indexp. 1489