Floated, conflicted, but still the leading M&A outfit...

Article Abstract:

Goldman Sachs has won the bank of the year award in the Acquisitions Monthly Awards 2000. It won this award because it was involved in the world's largest merger and acquisition deals even though it underwent substantial restructuring and handled some difficult deals, not all of which were successful. By the end of 1999, it headed TFSD's European advisory league tables, working on the closure of 72 deals worth $240 billion involving European target or purchaser companies. It played a role in significant industry consolidation, including advising Elf Aquitaine on its $53 billion purchase by Totalfina.

Goldman Sachs and Co.

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Punch lands on Allied Domecq in attempted pub lock-in

Article Abstract:

Merrill Lynch has received the award for domestic deal of the year in the Acquisitions Monthly Awards 2000. This award was granted for Merrill Lynch's handling of the 1.6 billion pounds sterling hostile bid by Punch Taverns for Allied Domecq's pub business. The innovative financing techniques developed by Punch Taverns were not viewed positively by the board of Allied Domecq, but Punch was eventually successful. It sold 650 pubs back to Bass as part of the deal. Merill Lynch showed great merger and acquisition advisory expertise in handling this deal.

Drinking places, Drinking Places (Alcoholic Beverages), Mergers, acquisitions and divestments, Bars (Drinking establishments), Merrill Lynch and Company Inc., Hospitality industry, MER, Allied Domecq PLC, Punch Taverns

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SocGen beats the national champion

Article Abstract:

Morgan Stanley has received the defence of the year award in Acquisition Monthly's Awards 2000 for its work in helping Societe Generale to defend itself against a hostile bid from BNP. The key element in Societe Generale's success was the decision by its bankers to fight against BNP in London, England, and New York, NY, rather than in Paris, France. Societe Generale now appears to be a strong organization, and is willing to create pan-European alliances, rather than strengthen its defences.

Commercial Banks, Commercial Banking, Banking industry, Management, Societe Generale, BNP, Morgan Stanley Group Inc.

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