Selected 2004 M&A Transactions

Selected 2004 M&A Transactions

Publications

In 2004, we advised clients on more than 150 M&A transactions with an aggregate value of more than $25 billion, providing guidance in areas including corporate, securities, antitrust and tax. In the past five years, we have completed more than 800 mergers and acquisitions valued in excess of $400 billion, ranging rom sales of VC-backed companies to multi-billion dollar global mergers. The following are selected highlights from our 2004 transactions:

  • AngioLink —acquisition by Medtronic — $45,000,000 plus potential earnout
  • Avid — acquisition by M-Audio — $175,000,000 plus potential earnout of $45,000,000
  • Baltimore Ravens — acquisition by Stephen J. Bisciotti — $600,000,000
  • Bank One — has acquired the private-label credit card operation of Circuit City — $1,800,000,000
  • Bell — acquisition of the Canadian operations and selected US assets of 360Networks — $275,000,000 CDN
  • Berkshire Mortgage — sale of mortgage servicing business to Deutsche Bank — Undisclosed
  • Blockbuster — split-off from Viacom and payment of $905,000,000 special distribution (counsel to special committee)
  • Bookham — acquisition of New Focus — $330,500,000
  • Bose — acquisition of EnduraTEC Systems — Undisclosed
  • CCBN — acquisition by Thomson — Undisclosed
  • Danaher — acquisition of Trojan Technologies — $192,000,000
  • DoubleClick — acquisition of Performics — $58,000,000 plus potential earnout of $7,000,000
  • Eastman Kodak — sale of Remote Sensing Systems operations to ITT Industries — $725,000,000
  • Eclypsis — acquisition of CPMRC — Undisclosed
  • Educational Testing Service — sale of Capstar subsidiary to Thomson Learning — Undisclosed
  • Franklin Street Properties —acquisition of four REITs — $193,000,000
  • Granite Systems — acquisition by Telcordia — Undisclosed
  • Keane — acquisition of Nims Associates — $20,000,000 plus potential earnout of $15,000,000
  • Kronos — acquisition of Ad Opt — $69,000,000 CDN
  • Legg Mason — acquisition of selected offices of the Scudder asset management business of Deutsche Bank — $81,300,000 (including potential earnout)
  • Manufacturers’ Services Limited — acquisition by Celestica — $293,000,000
  • Mellon — acquisition of EACM — Undisclosed
  • MicroLine — acquisition by Pentax — $48,000,000
  • Modus Media — acquisition by CMGI — $230,500,000
  • Netegrity — acquisition by Computer Associates — $430,000,000
  • Oracle — acquisition of PeopleSoft — $10,300,000,000 (EU antitrust co-counsel)
  • Pure Encapsulations — acquisition by Aeterna Laboratories — $50,000,000
  • QAS — acquisition by Experian — £106,000,000
  • Quantum Bridge Communications — acquisition by Motorola — $57,500,000 plus potential earnout of $142,500,000
  • SallieMae — acquisition of Arrow Financial Services — $165,000,000
  • Switchboard — acquisition by InfoSpace — $160,000,000 (counsel to principal stockholder)
  • Telica * — acquisition by Lucent — $295,000,000
  • Verizon Wireless — acquisition of spectrum assets from NextWave Telecom — $930,000,000
  • Victory — acquisition by Hannaford Bros. — $175,000,000
  • WebMD — acquisition of ViPS — $160,000,000