Six Mergers That Worked
- 1. Disney Pixar
1. Disney/Pixar - this merger of old school animation and cutting edge 3D technology has been a very happy marriage, with recent successes such as Toy Story 3, Up and the recently released Brave.
- 2. Exxon / Mobil
2. Exxon/Mobil - these two giants of the oil industry signed their deal in 1999 for $82 billion, becoming the world's largest oil company remaining at number one ever since.
- 3. Proctor & Gamble/Gillette
3. Proctor & Gamble/Gillette - bringing the preeminent provider of men's grooming products into the household empire of P&G proved to be a $57 billion smart spend.
- 4. Pfizer / Warner-Lambert
4. Pfizer/Warner-Lambert - the pharma giant wanted to bring its competition into the fold, as Warner Lambert had developed Lipitor, now the top selling prescription drug in the world.
- 5. Citicorp / Travelers Group
5. Citicorp/Travelers Group - this stock swap was worth $70 million and with a market cap of $135 billion, making it a happy payday for those involved. Especially, let it be said, for the M&A lawyers who make out like bandits in deals like these.
- 6. Bell Atlantic/GTE
6. Bell Atlantic/GTE - spending $53 billion to bring their competition into the fold, Bell Atlantic ended up rebranding itself as Verizon, the successful communications/broadband company.