Complete Transaction List

Kraft 2005 – 2012

Acquisition of Cadbury, $19 billion
Spin off of Kraft Foods and Mondelez International
Divestiture of Pizza business, $3.7 billion
Merger of Post Cereal with Ralcorp, $4 billion (pre-tax basis)
Acquisition of Danone’s LU Biscuit business, $7 billion
Acquisition of United Biscuits Iberian business, $1 billion
A total of 30 divestitures including Milk Bone, Poland Chocolate (Cadbury), Romania Chocolate (Cadbury), Minute Rice, Cream of Wheat, Fruit20, Stella D’Oro, certain Spanish biscuit assets, Nordic salted snacks, Brazil Marquary drinks

Altria 2001 – 2004

Merger of Miller Brewing Company into South African Breweries, $5.6 billion.
Pabst Brewing Debt Guarantee (amount undisclosed).
EDS IT technology outsourcing and consulting (undisclosed).
Private agreement for 75% followed by mandatory public tender. Achieved 98% shareholding in Papastratos, a Greek tobacco business, $500 million.

AT&T 1994 – 2000

Acquisition of IBM’s Italian networking business (price undisclosed).
Business partnerships with Emerald Solutions, Data Channel, and Avesta involving warrants.
Brand licensing and technology sharing agreement with Cantel Wireless, $150 million.
Divestiture of undersea cable manufacturing and installation business to Tyco International, $850 million.
Mexican wireline telecommunications joint venture (Alestra) between AT&T and Grupo Alfa.
Cellular partnership with Bell South covering Los Angeles and Houston.
Divestiture of Language Line over-the-phone interpretation business to Providence Equity Partners (price undisclosed).
Acquisition of 48% interest in Lin Broadcasting (Cellular), $3.3 billion.
Divestiture of WOOD TV to Hicks Muse for $125 million.
Acquisition of Vanguard cellular for $1.5 billion.
Nonrecourse bridge and permanent loans for Mexican telecommunications joint venture (Alestra), $300 million.
Acquisition of Smartalk prepaid card business out of chapter xx bankruptcy, $150 million.
Divestiture of Transtech telemarketing/customer care to Matrixx, $625 million.
Divestiture of paging business to Metrocall, $110 million cash and $95 million face amount of convertible-preferred stock

Unilever 1989-1994

Acquisitions of Faberge/Elizabeth Arden, $1.5 billion and Calvin Klein $300 million; Divestiture of Prince Matchabelli Fragrance business to Parfums De Coeur (price not disclosed). Four other licensing/divestiture transactions valued under $20 million each

Ask The Author

Have a question? Fill out the contact form and we'll get back to you as soon as we can.

    Ask a Question