Largest Mergers and Acquisitions by Corporations: 2002

Largest Mergers and Acquisitions by
Corporations: 2002
John Williamson
Technical Information Specialist
Resources, Science, and Industry Division
Summary
The worldwide rate of corporate mergers and acquisitions (M&A) activity declined
during 2001, and 2002 was a year of serious consolidation as corporations sought to¹
restructure their operations through buying and selling of “non-essential” operations.
This report provides a listing of the largest mergers (announced value of at least two^†
billion U.S. Dollars) or acquisitions for the year January 1, 2002 to December 31, 2002.
Completion dates for the mergers or acquisitions are included and merger or acquisition
failures noted. These data have been drawn from publicly available sources and have
not been otherwise verified by CRS.
Largest Mergers or Acquisitions: 2002 (ranked by value)
(All amounts cited are U.S. Dollars)
^A^c^qu^{irer, Sector, an}^d^T^a^rg^et^Fⁱ^rm^Date^Date^Valu^e
^New^Nam^e^(if^ap^p^licab^le)^an^{d Sector}^A^nnounc^e^d^Co^m^p^leted⁽^$^b^illioⁿ^s⁾
^*^T^h^{e des}ⁱ^gⁿ^a^tion^“^P^en^din^g^”^of^tenⁱⁿ^dicates^th^{at re}^g^u^l^atory^approv^{al n}^{eeded f}^o^{r actu}^a^{l m}^e^rg^{er h}^a^sⁿ^o^t
^been^obt^aiⁿ^e^d.
^Meij^{i L}ⁱ^f^e^Ya^sud^a^M^u^tua^l^Lⁱ^fe^Iⁿ^sur^a^nc^e^1/^24/⁰²^A^p^ri^l²⁰⁰⁴^206.0⁴
^Mu^tu^{al in}^s^u^ran^{ce com}^p^an^y^Mu^tu^{al in}^s^u^ran^{ce com}^p^an^y^(proj^ected)
^P^f^{izer, In}^c.^P^h^arm^{acia C}^o^rp.^7/^15/⁰²^Pen^dⁱⁿ^g^*^52.1⁶
^P^h^arm^aceu^ticals^P^h^arm^aceu^ticals
^T^aⁱ^s^hi^{n Fi}^na^ncⁱ^a^l^H^o^l^dⁱ^{ng Co}^.^Shiⁿ^K^o^{ng Fi}^na^ncⁱ^a^l^H^o^l^dⁱ^{ng Co}^.^6/^25/⁰²^Pen^dⁱⁿ^g^*^29.74³
^B^a^nki^{ng a}ⁿ^d^fi^na^nc^e^B^a^nki^{ng a}ⁿ^d^fi^na^nc^e
^†For the top 25 mergers of 1998, see RS20502, Twenty-five Largest Mergers and Acquisitions by
Corporations: 1998; for the top 25 mergers of 1999, see RS20503, Twenty-five Largest Mergers
and Acquisitions by Corporations: 1999; for the top 25 mergers of 2000, see RS20504, Twenty-five
Largest Mergers and Acquisitions by Corporations: 2000; and for the top 25 mergers of 2001, see
RS20804, Twenty-five Largest Mergers and Acquisitions by Corporations: 2001^.

¹ Ratner, Juliana. “The nightmare on Wall Street continues MERGERS & ACQUISITIONS BAD
YEAR FOR BANKERS, GOOD YEAR FOR BUYOUTS: * DEBT MARKETS HOLD UP WELL:
* RESTRUCTURING EXPERTS IN DRIVING SEAT” Financial Times, December 23, 2002. p.

23.

^A^c^qu^{irer, Sector, an}^d^T^a^rg^et^Fⁱ^rm^Date^Date^Valu^e
^New^Nam^e^(if^ap^p^licab^le)^an^{d Sector}^A^nnounc^e^d^Co^m^p^leted⁽^$^b^illioⁿ^s⁾
^*^T^h^{e des}ⁱ^gⁿ^a^tion^“^P^en^din^g^”^of^tenⁱⁿ^dicates^th^{at re}^g^u^l^atory^approv^{al n}^{eeded f}^o^{r actu}^a^{l m}^e^rg^{er h}^a^sⁿ^o^t
^been^obt^aiⁿ^e^d.
^Cr^éd^{it A}^g^rⁱ^co^le^Cr^éd^{it L}^y^oⁿⁿ^a^is^12/^16/⁰²^Pen^dⁱⁿ^g^*^20.0⁴
^B^a^nki^{ng a}ⁿ^d^fi^na^nc^e^B^a^nki^{ng a}ⁿ^d^fi^na^nc^e
^Natioⁿ^a^{l Gr}^id^Gr^o^u^p^P^l^c^L^a^t^tⁱ^{ce G}^r^ou^{p Pl}^c^4/^22/⁰²^10/^21/⁰²^17.9³
^{Electric P}^o^w^e^{r dis}^t^ribu^tion^Natu^r^a^{l Gas p}ⁱ^p^e^lin^{e co}^m^p^an^y
^Natioⁿ^a^{l Gr}^id^T^r^an^sco^P^l^c.
^T^e^{lia A}^B^So^ne^r^a^Co^r^p^o^r^a^tⁱ^o^{n O}^y^j^3/^26/⁰²^12/^9/⁰²^17.5⁴
^T^e^lecom^m^uⁿⁱ^cation^s^T^e^lecom^m^uⁿⁱ^cation^s
^T^e^liaSoⁿ^e^r^a
^HSB^C^Ho^u^s^eh^o^l^d^Iⁿ^terⁿ^atioⁿ^a^l^11/^14/⁰²^Pen^dⁱⁿ^g^*^14.2⁴
^B^a^nki^{ng a}ⁿ^d^fi^na^nc^e^B^a^nki^{ng a}ⁿ^d^fi^na^nc^e
^P^aⁿ^C^an^adian^En^erg^y^A^l^{berta En}^erg^y^1/^27/⁰²^4/^8/⁰²^12.0⁴
^En^erg^y^com^p^an^y^En^erg^y^com^p^an^y
^En^C^aⁿ^a^C^o^rporatⁱ^oⁿ
^N^o^r^t^hr^o^p^G^r^um^m^a^{n I}ⁿ^c^.^TR^W^Iⁿ^c^.^2/^22/⁰²^12/^11/⁰²^11.8⁴
^Def^eⁿ^s^{e con}^g^l^om^erate^C^oⁿ^g^l^om^erate
^J^.^P^.^Morg^an^{, C}^h^as^{e &}^C^o^.^P^r^o^v^id^ian^Fin^aⁿ^c^ial’^{s Cr}^ed^{it car}^d^1/^17/⁰²^1/^17/⁰²^8.2⁴
^B^a^nki^{ng a}ⁿ^d^fi^na^nc^e^b^u^sine^ss
^Sou^t^h^A^f^rican^B^r^ew^eries^P^l^c^Miller^B^r^ewⁱⁿ^g^Co^m^p^an^y^4/^3/⁰²^7/^9/⁰²^7.6³
^Brewⁱⁿ^g^Brewⁱⁿ^g
^SA^B^Miller^P^l^c
^Ca^rⁿ^iva^l^Co^r^p^.^P^&^{O P}^r^inc^e^{ss Cr}^uise^{s L}^t^d^.^10/^25/⁰²^Pen^dⁱⁿ^g^*^7.3⁶
^C^r^uⁱ^s^e^lin^{e operator}^C^r^uⁱ^s^e^lin^{e operator}
^Ca^r^l^y^l^e^G^r^o^u^p^Qw^es^tDex^(div^{. Qw}^es^{t In}^c.)^8/^20/⁰²^11/^8/⁰²^7.05⁷
^Wel^c^h^C^a^rs^on^Aⁿ^ders^on^&^T^e^l^e^ph^on^{e di}^rect^ory^pu^blⁱ^s^h^e^r
^Sto^w^e
^In^v^e^s^t^ors
^Ro^y^a^{l Du}^tch^Sh^ell^En^ter^p^rⁱ^{se Oil P}^l^c^4/^2/⁰²^5/^10/⁰²^6.2
^Oil^Oil
^V^odaf^oⁿ^e^Pl^c^Ceg^e^{tel S.A}^.^10/^16/⁰²^Pen^dⁱⁿ^g^*^6.19⁵
^T^e^lecom^m^uⁿⁱ^cation^s^T^e^lecom^m^uⁿⁱ^cation^s
^Sⁱ^m^oⁿ^Propert^y^G^r^ou^{p, In}^c.^R^o^d^a^m^c^o^No^rth^A^m^{erica N.V.}^1/^14/⁰²^5/^3/⁰²^5.8³
^Ro^use^Co^m^p^aⁿ^y^S^h^oppiⁿ^g^cen^t^e^{r ow}ⁿ^e^r/
^Wes^t^fⁱ^el^{d H}^o^l^dⁱⁿ^g^s^L^t^d.^operator
^S^h^oppiⁿ^g^cen^t^e^{r ow}ⁿ^e^rs^/
^operators
^Citig^r^o^u^p^Golden^{State B}^aⁿ^c^orp^5/^22/⁰²^11/^7/⁰²^5.8⁴
^B^a^nki^ng,^fi^na^nc^e^,ⁱⁿ^sur^a^nc^e^B^a^nki^{ng a}ⁿ^d^fi^na^nc^e
^B^l^ack^s^t^on^{e Grou}^p^T^R^{W In}^{c. A}^u^t^o^part^s^di^v^.^11/^19/⁰²^Pen^dⁱⁿ^g^*^4.73⁶
^I^nve^st^m^e^nt^gr^o^u^p^C^oⁿ^g^l^om^erate
^Im^{perial T}^{obacco P}^l^c^Re^e^m^t^s^m^a^Ci^ga^r^e^t^t^e^nfa^b^rⁱ^keⁿ^3/^7/⁰²^3/^7/⁰²^4.56⁴
^T^obacco^Gm^b^H
^T^obacco
^USA^Iⁿ^ter^activ^e^Tⁱ^ck^etm^a^s^t^{er In}^c.^6/^3/⁰²^10/^9/⁰²^4.5³
^E^-^c^o^mme^r^c^e^E-^com^m^e^rce
^Aⁿ^th^em^In^c.^T^r^ig^on^Health^{care In}^c.^4/^29/⁰²^7/^31/⁰²^4.4⁵
^Health^s^e^rv^ices^prov^ider^Health^s^e^rv^ices^prov^ider
^C^a^dbu^ry^{, S}^c^h^w^eppes^Pl^c^A^d^am^s^D^iv^{., P}^f^{izer, In}^c.^12/^17/⁰²^Pen^dⁱⁿ^g^*^4.2⁴

^So^ft^d^rⁱ^nks,^c^o^nfe^c^tⁱ^o^na^r^y^Co^nfe^c^tⁱ^o^na^r^y

^A^c^qu^{irer, Sector, an}^d^T^a^rg^et^Fⁱ^rm^Date^Date^Valu^e
^New^Nam^e^(if^ap^p^licab^le)^an^{d Sector}^A^nnounc^e^d^Co^m^p^leted⁽^$^b^illioⁿ^s⁾
^*^T^h^{e des}ⁱ^gⁿ^a^tion^“^P^en^din^g^”^of^tenⁱⁿ^dicates^th^{at re}^g^u^l^atory^approv^{al n}^{eeded f}^o^{r actu}^a^{l m}^e^rg^{er h}^a^sⁿ^o^t
^been^obt^aiⁿ^e^d.
^Fr^ied^m^an^{, B}^illin^g^s^Ram^s^ey^FB^{R A}^sse^{t I}^nve^stm^e^nt^11/^15/⁰²^Pen^dⁱⁿ^g^*^4.1²
^G^r^ou^{p (F}^BR^G^r^ou^p)^{Real estate in}^v^e^stm^eⁿ^t^tr^u^s^t
^Holdin^g^com^p^an^y
^Man^u^lif^{e Fin}^aⁿ^c^{ial Co}^r^p^.^Ca^na^d^a^Li^fe^Fi^na^ncⁱ^a^l^Co^r^p^.^12/^9/⁰²^Pen^dⁱⁿ^g^*^4.1⁶
^In^s^u^ran^{ce com}^p^an^y^In^s^u^ran^{ce com}^p^an^y
^A^O^L^Tⁱ^m^e^Warn^{er, In}^c.^Tⁱ^m^e^W^a^rn^{er En}^tertain^m^en^{t (27.6%)}^8/^21/⁰²^Pen^dⁱⁿ^g^*^3.7⁶
^C^oⁿ^g^l^om^erate^h^e^{ld by}^A^T^&^T^C^o^m^cas^t
^Tⁱ^m^e^W^a^rn^{er C}^a^{ble In}^c.^Cab^l^{e telev}ⁱ^sioⁿⁿ^e^tw^o^r^k^s
^N^e^w^part^owⁿ^e^{d s}^u^bsⁱ^dⁱ^a^ry
^C^o^ca-^C^o^{la Fem}^s^{a S.A}^.^P^a^na^m^e^rⁱ^c^aⁿ^B^e^ve^r^a^ge^{s I}ⁿ^c^.^12/^23/⁰²^Pen^dⁱⁿ^g^*^3.6⁴
^B^e^v^e^r^a^g^e^b^o^ttler^B^e^v^e^r^a^g^e^b^o^ttler
^W^e^nd^e^l^I^nve^stⁱ^sse^m^e^nt^Le^G^r^aⁿ^d^S^.^A.^7/^28/⁰²^Pen^dⁱⁿ^g^*^3.58³
^K^o^h^l^berg^K^r^avⁱ^s^R^obert^s^{Electrical parts}
^I^nve^st^m^e^nt^p^a^r^t^ne^r^s^hi^p
^Un^iv^isioⁿ^Co^m^m^uⁿⁱ^catioⁿ^s^Iⁿ^c.^His^p^an^{ic B}^r^oadcas^tin^g^C^o^rp.^6/^12/⁰²^Pen^dⁱⁿ^g^*^3.5⁶
^Sp^aⁿⁱ^s^{h l}^a^ngua^ge^b^r^o^a^d^c^a^s^t^e^r^Sp^aⁿⁱ^s^{h l}^a^ngua^ge^b^r^o^a^d^c^a^s^t^e^r
^M^a^dⁱ^so^{n D}^e^a^r^b^o^r^{n P}^a^r^t^ne^r^s^J^e^ffe^r^s^oⁿ^S^m^ur^fi^t^P^l^c^.^6/^17/⁰²^9/^3/⁰²^3.5³
^I^nve^st^m^e^nt^gr^o^u^p^P^a^{per pack}^agⁱⁿ^g^m^aⁿ^u^f^actu^r^er
^IBM^Pri^ceWat^erh^o^u^s^eC^oopers^7/^30/⁰²^10/^1/⁰²^3.5⁶
^In^f^o^rm^ation^com^p^an^y^Coⁿ^s^u^ltin^g
^Co^nsul^t^a^nt
^So^ut^he^rⁿ^Cr^o^{ss A}ⁱ^r^p^o^r^t^s^Co^r^p^.^S^y^dn^ey^Aⁱ^rport^C^o^rp.^6/^25/⁰²^6/^25/⁰²^3.2²
^Aⁱ^rport^operat^o^r^Aⁱ^rport^operat^o^r
^M&^T^B^aⁿ^k^A^llf^ir^{st B}^aⁿ^k^9/^26/⁰²^Pen^dⁱⁿ^g^*^3.1⁶
^B^a^nki^{ng a}ⁿ^d^fi^na^nc^e^B^a^nki^{ng a}ⁿ^d^fi^na^nc^e
^{BP Pl}^c^Veb^a^{Oel (}⁴⁹^%ⁿ^o^{t p}^r^ev^io^u^s^ly^5/^28/⁰²^10/^2/⁰²^3.05⁴
^En^erg^y^pu^rch^a^s^e^d)^{Oil com}^p^an^y
^P^u^b^{licis S.A}^.^BC^om³^3/^7/⁰²^9/^25/⁰²^3.0⁴
^A^d^v^e^r^tisin^g^A^d^v^e^r^tisin^g
^Gu^id^an^{t Co}^r^p^.^C^ook^G^r^ou^{p, In}^c.^7/^30/⁰²^Pen^dⁱⁿ^g^*^3.0⁶
^{Medical dev}ⁱ^{ce m}^aⁿ^u^f^actu^r^er^{Medical dev}ⁱ^{ce m}^aⁿ^u^f^actu^r^er
^Ro^y^a^{l Du}^tch^Sh^ell^P^eⁿⁿ^z^oil-^Qu^ak^{er State Oil C}^o^m^p^an^y^3/^25/⁰²^10/^1/⁰²^2.9⁴
^Oil^Oil
^Gen^e^{ral Electric C}^o^.^D^e^ut^sc^he^B^a^{nk A}^.^G^.^9/^16/⁰²^Pen^dⁱⁿ^g^*^2.9⁶
^C^oⁿ^g^l^om^erate^U^.^S.^fi^na^ncⁱ^{ng uni}^t
^B^a^nki^{ng a}ⁿ^d^fi^na^nc^e
^N^o^rs^k^H^y^{dro (44%}^owⁿ^e^{d by}^V^A^W^A^l^umⁱ^num^A^G⁽^o^wⁿ^e^d^b^y^E^.^1/^7/⁰²^3/^12/⁰²^2.8³
^N^o^r^w^e^gⁱ^a^{n go}^ve^rⁿ^m^e^nt⁾^On^A^G⁾
^H^y^d^r^o^A^l^umⁱ^num
^B^e^rtels^m^anⁿ^A^.^G.^Z^o^m^b^{a Mu}^sⁱ^{c Grou}^p^6/^11/⁰²^11/^26/⁰²^2.74⁶
^Co^m^m^uni^c^a^tⁱ^o^ns^R^{ecorded m}^u^sⁱ^{c produ}^cer
^D^e^l^Mon^t^{e F}^oods^C^o^.^H.J^.^Hein^{z C}^o^{. North}^A^m^erican^6/^13/⁰²^12/^20/⁰²^2.7²
^F^ood^f^{ood di}^vⁱ^sⁱ^on
^Food
^D^e^ut^sc^he^B^a^{hn A}^.^G^.^Stⁱ^nne^{s A}^.^G^.^7/^3/⁰²^10/^18/⁰²^2.7⁴

^G^o^ve^rⁿ^m^e^nt^-o^wⁿ^e^d^r^aⁱ^l^w^a^y^T^r^an^s^portation^com^p^an^y

^A^c^qu^{irer, Sector, an}^d^T^a^rg^et^Fⁱ^rm^Date^Date^Valu^e
^New^Nam^e^(if^ap^p^licab^le)^an^{d Sector}^A^nnounc^e^d^Co^m^p^leted⁽^$^b^illioⁿ^s⁾
^*^T^h^{e des}ⁱ^gⁿ^a^tion^“^P^en^din^g^”^of^tenⁱⁿ^dicates^th^{at re}^g^u^l^atory^approv^{al n}^{eeded f}^o^{r actu}^a^{l m}^e^rg^{er h}^a^sⁿ^o^t
^been^obt^aiⁿ^e^d.
^{Nestle S.A}^.^C^h^ef^A^m^{erica In}^c.^8/^6/⁰²^9/^12/⁰²^2.6³
^C^oⁿ^g^l^om^erate^Food
^Xs^{trata A}^G^Glen^{core In}^tern^ation^a^{l coal f}ⁱ^elds^2/^21/⁰²^3/^20/⁰²^2.5⁴
^Min^e^rals^com^p^an^y^Co^m^m^o^d^ity^tr^ad^er
^Cisc^o^Sy^ste^m^{s I}ⁿ^c^.^Aⁿ^di^am^{o S}^y^s^t^em^s^8/^20/⁰²^Pen^dⁱⁿ^g^*^2.5⁴
^N^e^t^w^o^r^ki^{ng r}^o^ut^e^r^m^a^ke^r^Storag^{e area n}^e^tw^orkⁱⁿ^g
^s^w^itch^m^ak^er
^D^a^vⁱ^{d Mu}^rdock^D^o^l^e^F^{ood, In}^c.^9/^23/⁰²^Pen^dⁱⁿ^g^*^2.5⁴
^In^v^e^s^t^or^F^{ood com}^p^an^y
^{E.ON A}^.^G.^T^{XU U.K. o}^p^e^ratioⁿ^s^10/^21/⁰²^10/^21/⁰²^2.5⁶
^En^erg^y^En^erg^y
^Cr^éd^{it A}^g^rⁱ^co^le^Finar^e^f^12/^23/⁰²^Pen^dⁱⁿ^g^*^2.5²
^B^a^nki^{ng a}ⁿ^d^fi^na^nc^e^So^ft^w^a^r^e^m^a^nufa^c^t^ur^e^r
^{Nestle S.A}^.^Drey^er’^s^Gran^{d Ice C}^r^eam^{, In}^c.^6/^17/⁰²^Pen^dⁱⁿ^g^*^2.4⁵
^C^oⁿ^g^l^om^erate^{Ice cream}^m^a^k^e^r
^B^a^r^{illa Gr}^o^u^p^Kam^p^{s A}^.^G.^4/^15/⁰²^9/^25/⁰²^2.3²
^Food^F^ood
^Gecin^a^S.A^.^Sim^c^o^S.A^.^8/^7/⁰²^10/^2/⁰²^2.3²
^R^{eal es}^tate^R^{eal es}^tate
^Gen^e^{ral Electric C}^o^.^A^B^B^Lt^d^.^fi^na^ncⁱ^{ng d}ⁱ^vi^si^oⁿ^9/^4/⁰²^11/^29/⁰²^2.3⁶
^C^oⁿ^g^l^om^erate^C^oⁿ^g^l^om^erate
^R^.^{H. Do}ⁿⁿ^e^lly^C^o^.^S^p^riⁿ^t^In^{c., di}^rect^ory^di^v^.^9/^22/⁰²^Pen^dⁱⁿ^g^*^2.23⁴
^Directory^s^a^les^repres^en^tativ^e^Directories
^{DSM N.V.}^R^o^ch^{e S.A}^.^9/^3/⁰²^Pen^dⁱⁿ^g^*^2.21⁴
^C^oⁿ^g^l^om^erate^P^h^arm^aceu^ticals
^A^m^{erica Mov}^{il S.A}^.^T^e^lecom^A^m^ericas^S.A^.^6/^10/⁰²^7/^24/⁰²^2.2⁴
^T^e^lecom^m^uⁿⁱ^cation^s^T^e^lecom^m^uⁿⁱ^cation^s
^Gen^e^{ral Electric C}^o^{. In}^c.^Iⁿ^s^t^r^u^meⁿ^t^a^rⁱ^u^{m C}^o^r^p^.^O^y^12/^18/⁰²^Pen^dⁱⁿ^g^*^2.2²
^C^oⁿ^g^l^om^erate^{Medical tech}ⁿ^o^log^y
^{Electricité de Fran}^{ce, S.A}^.^S^{eeboard di}^v^.^A^E^{P C}^o^rp.^6/^18/⁰²^6/^18/⁰²^2.1⁵
^P^o^w^e^{r com}^p^an^y^P^o^w^e^{r com}^p^an^y
^IBM^Ratioⁿ^a^{l So}^f^t^w^a^r^e^12/^5/⁰²^Pen^dⁱⁿ^g^*^2.1⁴
^IT^com^p^an^y^Sof^t^w^a^{re com}^p^an^y
^Hitach^{i KK}^{IBM, h}^a^{rd di}^s^k^dri^v^{e di}^vⁱ^sⁱ^on^6/^04/⁰²^12/^31/⁰²^2.05³
^C^oⁿ^g^l^om^erate^IT^com^p^an^y
^Pet^r^o-^C^aⁿ^a^da^V^e^{ba oi}^l^fⁱ^el^ds^(owⁿ^{ed by}^{BP pl}^c)^1/^30/⁰²^5/^2/⁰²^2.0⁴
^{Oil com}^p^an^y^{Oil C}^o^m^p^an^y
^Sco^ttish^&^New^{castle P}^l^c^Hartw^a^{ll Oy}^j^2/^14/⁰²^7/^3/⁰²^2.0⁴
^B^r^ew^ers^B^r^ew^ers
^Sa^ud^{i B}^a^sic^Iⁿ^d^u^strⁱ^e^s^P^e^tro^c^h^e^mⁱ^{cal d}ⁱ^v^.^{DSM N.V.}^4/^4/⁰²^6/^30/⁰²^2.0⁴
^P^e^troch^e^mⁱ^cals^C^oⁿ^g^l^om^erate
^No^te:^Valu^es^gⁱ^v^eⁿ^f^o^{r tran}^s^action^s^{are ex}^pres^s^e^{d as}^th^{e v}^a^lu^{e of}^th^{e com}^bⁱⁿ^ed^as^s^e^ts^of^th^e^tw^{o f}ⁱ^rm^s^w^h^en
^th^er^{e is a m}^e^r^g^er^{. I}ⁿ^an^acq^uⁱ^sitioⁿ^,^th^{e v}^a^lu^{e sh}^o^wⁿ^{is t}^h^e^p^u^r^c^h^a^s^e^p^rⁱ^{ce o}^f^th^{e tar}^g^{et co}^r^p^o^r^atioⁿ^.^T^h^ese
^fⁱ^g^u^r^es^s^o^m^e^tim^es^v^a^ry^f^r^om^on^{e s}^o^u^r^{ce to an}^oth^e^{r an}^{d can}^ch^an^g^e^as^th^{e m}^a^rk^{et v}^a^lu^{e of}^th^e^com^p^an^y^’^s^s^t^ock
^ch^an^g^e^s^;^v^a^lu^es^{are s}^h^owⁿⁱⁿ^{U.S. Dollars}^{. U.S. Dollar v}^a^lu^{e can}^f^l^u^c^tu^{ate w}^ith^ch^an^g^e^sⁱⁿ^ex^ch^an^g^e^rates^.
^T^h^{e v}^a^lu^es^s^h^owⁿ^abov^{e are deriv}^e^{d f}^r^om^th^{e f}^o^llowⁱⁿ^g^s^o^u^r^ces^:

¹^Sou^r^{ce f}^o^{r v}^a^lu^e:^Me^rg^e^{rs &}^A^c^q^uⁱ^sitioⁿ^s^.
²^Sou^r^{ce f}^o^{r v}^a^lu^e:^Me^rg^e^rsta^t^.
³^Sou^r^{ce f}^o^{r v}^a^lu^e:^T^h^{e W}^a^l^l^St^r^eet^Jour^nal^.
⁴^Sou^r^{ce f}^o^{r v}^a^lu^e:^T^h^{e Fi}^nanci^a^l^Tⁱ^m^e^s^.
⁵^Sou^r^{ce f}^o^{r v}^a^lu^e:^T^h^{e W}^a^s^hⁱ^ngt^{on Pos}^t^.
⁶^Sou^r^{ce f}^o^{r v}^a^lu^e:^bl^oom^ber^g^.com
⁷^Sou^r^{ce f}^o^{r v}^a^lu^e:^fo^rb^es.co^m
^Sou^r^ces^:^Me^rg^e^rsta^t^On^lin^e⁽^h^t^t^p^:^/^/^www.^me^r^g^e^r^s^t^a^t^.^c^o^m⁾^;^M^e^r^g^er^s^&^Acqui^sⁱ^tⁱ^ons^M^agazⁱⁿ^e^,^va^rⁱ^o^u^{s issue}^s^;
^T^h^e^W^a^l^l^St^r^eet^Jour^nal^{, v}^a^ri^ou^s^dat^e^s^;^T^h^{e Fi}^nanci^a^l^Tⁱ^m^e^s^,^v^a^riou^s^dates^;^anⁿ^o^uⁿ^cem^en^{t an}^{d clos}ⁱⁿ^g^dates
^fr^o^m^T^h^{e W}^a^l^l^St^r^eet^Jour^nal^or^T^h^{e Fi}^nanci^a^l^Tⁱ^m^e^s^{, v}^a^ri^ou^s^dat^e^s^.