Nyc M&a 2008

REPORT BANKING

NYC’s Largest Mergers and Acquisitions Deals announced in 2008, ranked by size

Deal size (in millions)

Date announced

Date closed

Merrill Lynch & Co. New York, NY

$44,339.7

9/14

1/1/09

CME Group Inc. Chicago, IL

Nymex Holdings Inc. New York, NY

$11,071.7

1/28

8/22

Altria Group Inc. New York, NY

UST Inc. Stamford, CT

$10,256.3

9/8

1/6/09

Citigroup Inc. New York, NY

Sacyr Vallehermoso SA (Itinere Infraestructuras SA) Madrid, Spain

$9,933.1

12/1

Pending

Groupe CM-CIC Paris, France

Citigroup Inc. (Citibank Privatkunden AG & Co. KGaA) New York, NY

$7,795.7

7/11

12/5

Eli Lilly & Co. Indianapolis, IN

ImClone Systems Inc. New York, NY

$5,978.1

10/6

11/24

Verizon Communications Inc. / Vodafone Group PLC New York, NY

Atlantis Holdings (Alltel Corp.) Delaware

$5,900.0

6/5

1/9/09

Bloomberg Inc. New York, NY

Merrill Lynch & Co. (Bloomberg LP) New York, NY

$4,425.0

7/17

7/17

Nordic Capital AB / Avista Capital Holdings New York, NY

Bristol-Myers Squibb Co. (Convatec Inc.) New York, NY

$4,100.0

5/2

8/1

Goldman Sachs Group Inc. / PAI Partners SAS New York, NY

Franz Haniel & Cie GmbH (Xella International GmbH) Duisburg, Germany

$3,034.6

7/15

8/18

Ospraie Management New York, NY

ConAgra Foods Inc. (ConAgra Trade Group) Omaha, NE

$2,164.0

3/27

6/23

Triarc Cos. New York, NY

Wendy’s International Inc. Dublin, OH

$2,127.8

4/24

9/29

J.P. Morgan Chase & Co. New York, NY

Washington Mutual Inc. (banking operations) Seattle, WA

$1,900.0

9/25

9/25

J.C. Flowers & Co. New York, NY

Hypo Real Estate Holding AG Munich, Germany

$1,756.8

5/23

6/24

CBS Corp. New York, NY

CNET Networks Inc. San Francisco, CA

$1,752.0

5/15

6/30

Philip Morris International Inc. New York, NY

Rothmans Inc. Toronto, Canada

$1,659.9

7/31

10/29

Lone Star Management Co. Dallas, TX

CIT Group Inc. (subprime mortgage business) New York, NY

$1,500.0

7/1

7/1

Vestar Capital Partners Inc. New York, NY

Unilever PLC (North American laundry business) London, U.K.

$1,450.0

7/28

9/9

Wellspring Capital Management LLC / Blackstone Group New York, NY

Performance Food Group Co. Richmond, VA

$1,228.6

1/18

5/27

Warburg Pincus & Co. New York, NY

Safety-Kleen Europe Ltd. Isleworth, U.K.

$1,119.0

4/30

4/30

American Express Co. New York, NY

General Electric Co. (Corporate Payment Services) Fairfield, CT

$1,100.0

3/27

Pending

GMR Infrastructure Ltd. Bangalore, India

American International Group Inc. / AIG Global Investment Corp. $1,098.1 (InterGen Services Inc.) New York, NY

6/25

10/14

Goldman Sachs Group Inc. New York, NY

LEG Landesentwicklungsgesellschaft NRW GmbH Düsseldorf, Germany

$1,079.4

6/12

Pending

Marathon Acquisition Corp. New York, NY

CMA CGM SA (Global Ship Lease Inc.) Marseille, France

$1,000.3

3/24

8/14

Pacific Equity Partners Property Ltd. Sydney, Australia

American Stock Transfer & Trust Co. New York, NY

$1,000.0

5/29

5/29

Depository Trust & Clearing Corp. New York, NY

LCH.Clearnet Group Ltd. London, U.K.

$953.7

10/22

Pending

Blackstone Group New York, NY

GSO Capital Partners New York, NY

$945.0

1/10

3/4

Blackstone Group New York, NY

Apria Healthcare Group Inc. Lake Forest, CA

$922.9

6/19

10/28

ING Groep NV Amsterdam, Netherlands

State Street Corp. / Citigroup Inc. (CitiStreet) New York, NY

$900.0

5/2

7/1

Caja de Ahorros y Pensiones de Barcelona Barcelona, Spain

Morgan Stanley (Morgan Stanley Wealth Management SV SA) New York, NY

$887.7

1/28

3/31

Time Warner Inc. New York, NY

Bebo Inc. San Francisco, CA

$850.0

3/13

5/19

Arlington Tankers Ltd. Hamilton, Bermuda

General Maritime Corp. New York, NY

$827.3

8/6

12/16

J.P. Morgan Chase & Co. New York, NY

Bear Stearns Cos. New York, NY

$824.4

3/16

5/31

Unibanco Holdings SA São Paulo, Brazil

American International Group Inc. (Unibanco AIG Seguros SA) New York, NY

$819.4

11/26

Pending

Soros Fund Management New York, NY

Petróleo Brasileiro SA Rio de Janeiro, Brazil

$798.6

8/15

8/15

Rank

Buyer

Seller (Unit sold)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35

Bank of America Corp. Charlotte, NC

DEALS HALT THE VALUE AND NUMBER of announced M&A deals in NYC plunged last year, by 41.5% and 30.5%, respectively. The faltering economy will be a key factor affecting any dealmaking this year.

Value of M&A deals in NYC Includes all deals announced (and not canceled) for which terms were disclosed. $325.2 $259.0 $174.5

$186.1

2004

2005

$190.3

2006

2007

Number of M&A deals in NYC Includes all deals announced.

1,084

2004

1,295

2005

1,341

2006

1,284

2007

The list includes deals involving companies in Manhattan for which terms were announced in 2008. Deal sizes reflect equity value, not including preferred shares or debt. source: factset mergerstat llc

2008

2008

892

601

Number of deals in which a NYC-based company was the buyer, down 33.4% from 2007

343

Number of deals in which a NYC-based company was the seller, down 26.7% from 2007

7,864

Number of U.S. deals announced, down 29.9% from 2007 source: factset mergerstat llc