Biggest Mergers and Acquisitions
Top U.S. corporate mergers, with value in dollars unadjusted for inflation. Based on Tuesday’s closing stock prices:
1. Travelers Group and Citicorp agree to a merger that values each company at $69.2 billion, announced April 6, 1998. Pending.
2. SBC Communications Inc. announces plan to buy Ameritech Corp. for $60.2 billion in stock on May 11, 1998. Pending.
3. NationsBank Corp. and BankAmerica Corp. announce plan for $58 billion merger on April 13, 1998. Pending.
4. WorldCom Inc. agrees to buy MCI Communications Inc. for stock valued at about $37 billion, announced Nov. 10, 1997. Pending.
5. American Home Products to buy Monsanto Corp. in stock swap valued at $35.4 billion, announced June 1, 1998. Pending.
6. Daimler-Benz agrees to purchase Chrysler Corp. for $33 billion in stock, announced May 7, 1998. Pending.
7. AT&T Corp. announces deal Wednesday to buy Tele-Communications Inc. for $32 billion in stock. Pending.
8. Wells Fargo & Co. and Norwest Corp. agree to merger that values Wells Fargo at $30.7 billion, announced June 8, 1998. Pending.
9. Banc One Corp. and First Chicago NBD Corp. agree to $26.1 billion merger, announced April 13, 1998. Pending.
10. Bell Atlantic Corp. combines with Nynex Corp. in an exchange of stock valued at $25.6 billion, completed Aug. 14, 1997.