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Stocks : Top Ten Mergers

Can you make money in mergers? | Six signs of a successful merger | Top ten mergers

Rank Buyer
Seller
Ticker Date Announced Price Offered
(Billions)
Total Return Since Announced
(Buyer
Seller)
Date Closed Total Return Since Closing New Name Ticker
1. Exxon Corp.

XON

Dec. 1,
1998

$77.2 -8.47%

--

--

--

--

Mobil Corp.

MOB

-2.64
2. SBC Communications Inc.

SBC

May 11,
1998

61.4 35.8

--

--

SBC Communications Inc.

SBC

Ameritech Corp.

AIT

40.5
3. British Petroleum Co. PLC

BP

Aug. 11,
1998

56.5 9.05 Dec. 31,
1998

-7.8%

British Petroleum Amoco

BPA

Amoco Corp.

AN

4. Bell Atlantic Corp.

BEL

July 28,
1998

52.9 27.8 --

--

--

--

GTE Corp.

GTE

21.6
5.

NationsBank Corp.

NB

April 13,
1998

43.2 15.1 Sept. 30,
1998
26.45 Bank of America

BAC

BankAmerica Corp.

BAC

6. Worldcom

WCOM

Nov. 9, 1997

42.5 149 Sept. 14,
1998
69 MCI Worldcom

WCOM

MCI Communications Corp.

MCIC

7. AT&T Corp.

T

June 24,
1998

37 37.5 -- -- -- --
Tele-Communications Inc.

TCOMA

54.7
8. Travelers Group Inc.

TRV

April 6,
1998

36 -15.2 Oct. 8
1998
89.9 Citigroup C
Citicorp

CCI

9. Norwest Corp.

NOB

June 8,
1998

31.7 2.3 Nov. 2,
1998
0.2 Wells Fargo & Co. WFC
Wells Fargo & Co.

WFC

10. Daimler Benz AG

DAI

May 7,
1998

31.2 * Nov. 12,
1998
17.12 DaimlerChrysler DCX
Chrysler Corp.

C

Total returns include price appreciation plus gross reinvestment of dividends through March 1, 1999.

*Return data unavailable prior to Oct. 21, 1998.

Source: Mergerstat