Worldwide Mergers & Acquisitions, 1980-1999
Michael Renner*
Table 1:TOTAL MERGERS
Current $ Billion |
1998 $ Billion |
No. of Deals |
Avg. $m per Deal |
US GNP Defl.:1998=1.0 |
|
1980 |
17.988 |
33.6 |
94 |
357 |
0.5356 |
1981 |
89.496 |
152.7 |
1,062 |
144 |
0.5861 |
1982 |
55.641 |
89.3 |
1,933 |
46 |
0.6230 |
1983 |
96.197 |
148.1 |
3,397 |
44 |
0.6495 |
1984 |
171.037 |
253.7 |
3,663 |
69 |
0.6741 |
1985 |
242.658 |
348.1 |
2,805 |
124 |
0.6972 |
1986 |
286.922 |
401.1 |
4,077 |
98 |
0.7154 |
1987 |
336.753 |
456.8 |
5,321 |
86 |
0.7373 |
1988 |
527.364 |
690.1 |
7,878 |
88 |
0.7642 |
1989 |
567.771 |
713.0 |
10,857 |
66 |
0.7964 |
1990 |
451.805 |
543.8 |
11,346 |
48 |
0.8308 |
1991 |
367.387 |
425.4 |
16,116 |
26 |
0.8636 |
1992 |
365.019 |
411.4 |
15,736 |
26 |
0.8873 |
1993 |
458.353 |
503.3 |
16,840 |
30 |
0.9106 |
1994 |
560.614 |
601.3 |
19,291 |
31 |
0.9324 |
1995 |
948.737 |
994.7 |
22,636 |
44 |
0.9538 |
1996 |
1,104.805 |
1,137.1 |
24,901 |
46 |
0.9716 |
1997 |
1,618.056 |
1,634.4 |
25,931 |
63 |
0.9900 |
1998 |
2,497.156 |
2,497.2 |
29,432 |
85 |
1.0000 |
1999 |
3,418.236 |
3,375.5 |
32,088 |
105 |
1.0127 |
Total/Avg. |
14,181.995 |
15,410.524 |
255,404 |
56 |
Table 2:CROSSBORDER MERGERS
Current $ Billion |
1998 $ Billion |
No. of Deals |
Avg. $m per Deal |
% of Value |
% of No. |
|
1980 |
3.273 |
6.1 |
14 |
437 |
18 |
15 |
1981 |
20.932 |
35.7 |
122 |
293 |
23 |
11 |
1982 |
3.763 |
6.0 |
134 |
45 |
7 |
7 |
1983 |
10.580 |
16.3 |
250 |
65 |
11 |
7 |
1984 |
26.366 |
39.1 |
301 |
130 |
15 |
8 |
1985 |
22.027 |
31.6 |
510 |
62 |
9 |
18 |
1986 |
59.424 |
83.1 |
749 |
111 |
21 |
18 |
1987 |
93.426 |
126.7 |
1,204 |
105 |
28 |
23 |
1988 |
145.122 |
189.9 |
2,137 |
89 |
28 |
27 |
1989 |
170.306 |
213.9 |
3,158 |
68 |
30 |
29 |
1990 |
173.319 |
208.6 |
3,516 |
59 |
38 |
31 |
1991 |
96.624 |
111.9 |
4,323 |
26 |
26 |
27 |
1992 |
101.702 |
114.6 |
3,988 |
29 |
28 |
25 |
1993 |
128.787 |
141.4 |
4,491 |
31 |
28 |
27 |
1994 |
149.330 |
160.2 |
5,474 |
29 |
27 |
28 |
1995 |
234.011 |
245.4 |
6,571 |
37 |
25 |
29 |
1996 |
274.717 |
282.7 |
6,874 |
41 |
25 |
28 |
1997 |
399.467 |
403.5 |
7,085 |
57 |
25 |
27 |
1998 |
665.350 |
665.4 |
8,282 |
80 |
27 |
28 |
1999 |
1,127.305 |
1,113.2 |
9,655 |
115 |
33 |
30 |
Total/Avg...... |
3,905.831 |
4,195.286 |
68,838 |
61 |
28 |
27 |
Source: Thomson Financial Securities Data, e-mail correspondance with Carrie Smith, 4 and 11 January 1999, and 28 January 2000.
*Michael Renner is a Senior Researcher at The WorldWatch Institute.