Business deals for '06 decline in size, number.2006 WAS A RECORD YEAR FOR MERGERS and acquisitions worldwide, but in Arkansas Arkansas, river, United States Arkansas (ärkăn`zəs, är`kənsô'), river, c.1,450 mi (2,330 km) long, rising in the Rocky Mts., central Colo. the M&A picture paled in comparison with 2005. Across the country, some $4 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. in M&A deals were announced or completed last year. But in Arkansas, there were only two deals over $1 billion, compared with seven the year before--six of which were deals by Alltel ALLTEL Corporation (NYSE: AT) is an American telecommunications company with headquarters in Little Rock, Arkansas. Alltel provides wireless services to residential and business customers in 35 states. Corp., including the $9.1 billion spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. of its wireline division and formation of Windstream Corp. The top deal of 2006 belongs to Baldor
In J. R. R. Tolkien's fictional universe of Middle-earth, Baldor was the heir of Brego, second king of Rohan. At the feast to celebrate the construction of Meduseld he made an oath to enter the Paths of the Dead and was never seen again. Electric Co. of Fort Smith, which bought the power system units of Rockwell Automation Rockwell Automation NYSE: ROK is an industrial automation company. Its products include Allen-Bradley controls and engineered services and Rockwell Software factory management software. The company headquarters are located in Milwaukee, Wisconsin. Inc. of Milwaukee Milwaukee (mĭlwŏk`ē), city (1990 pop. 628,088), seat of Milwaukee co., SE Wis., at the point where the Milwaukee, Menominee, and Kinnickinnic rivers enter Lake Michigan; inc. 1846. for $1.8 billion. Baldor, which makes and sells electrical motors, drives and generators, said the deal would comprise To embrace, cover, or include; to confine within; to consist of. In the law governing patents—grants of an exclusive right or privilege to make, use, or sell an invention or product for a term of years—the term comprise $1.75 billion in cash and about 1.6 million shares of Baldor common stock, which carried a market value of $50 million at the time. Baldor said the combined company would be "one of the leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. manufacturers of industrial electric motors and power transmission products." Rockwell's power systems business makes products under the Reliance Electric Co. and Dodge brand names, based in Greenville Greenville. 1 City (1990 pop. 45,226), seat of Washington co., W Miss., on Lake Ferguson, a deepwater harbor adjoining the Mississippi River; inc. 1886. , S.C. "The Reliance and Dodge businesses are a great fit with our existing businesses," said John McFarland John C. McFarland (1840–1881) was a sailor in the United States Navy and a recipient of the Medal of Honor for his actions in the Battle of Mobile Bay during the American Civil War. , Baldor's chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The power systems business will complement and add strength to Baldor's product line. The power systems business, like Baldor, provides the best industrial products available in the marketplace and sells them to value-minded customers." Baldor expects the acquisition to add $1 billion to revenue and boost earnings by about 10 cents a share in the first year. It also said that $30 million would be shaved shave v. shaved, shaved or shav·en , shav·ing, shaves v.tr. 1. a. To remove the beard or other body hair from, with a razor or shaver: from expenses by combining purchasing, reduced overhead and increased productivity. The deal more than doubles the size of Baldor; which had revenue of $793 million last fiscal year; the power systems division had revenue of $1 billion. The power systems division has 4,300 workers and 14 manufacturing facilities worldwide; Baldor has 3,900 workers and 14 factories worldwide. The acquisition not only adds $1 billion in annual sales, but those sales would come with higher margins, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Baldor, which also picks up a manufacturing base in China for markets in Asia, where Baldor has struggled for years to get its foot in the door. After Baldor, Wal-Mart  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism.
The only other deal hitting the billion-dollar mark is Wal-Mart Stores Inc.'s $1 billion purchase of Trust-Mart Trust-Mart (Simplified Chinese: 好又多; Pinyin: hǎoyòuduō) is a Taiwanese-owned chain of Chinese retail supercenters. Co. Ltd., a Taiwan-headquartered supermarket supermarket Large retail store operated on a self-service basis, selling groceries, produce, meat, bakery and dairy products, and sometimes nonfood goods. Supermarkets were first established in the U.S. during the 1930s as no-frills retail stores offering low prices. chain in China. China has the seventh-largest retail market in the world and is expected to climb to the No. 5 spot, ahead of France and just behind Germany Germany (jûr`mənē), Ger. Deutschland, officially Federal Republic of Germany, republic (2005 est. pop. 82,431,000), 137,699 sq mi (356,733 sq km). , by 2010, according to consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a Retail Forward. With the deal, Wal-Mart passed Carrefour, the French firm, to claim the biggest food and department store network in China. The deal comes after Wal-Mart pulled out of Germany and South Korea Korea (kôrē`ə, kə–), Korean Hanguk or Choson, region and historic country (85,049 sq mi/220,277 sq km), E Asia. , but Wal-Mart has been successful in China. The company has 66 stores in China and plans to add another 18 to 20 within the year. The sales of Wal-Mart's German and South Korean Korean, language of uncertain ancestry. It is thought by some scholars to be akin to Japanese, by others to be a member of the Altaic subfamily of the Ural-Altaic family of languages (see Uralic and Altaic languages), and by still others to be unrelated to any known stores were nearly billion-dollar deals. Each brought close to $900 million. Alltel Corp. took a breather after the breathtaking breath·tak·ing adj. 1. Inspiring or exciting: a breathtaking view; a breathtaking ride. 2. Astonishing; astounding: breathtaking insensitivity. deals of 2005, when the Little Rock telecommunications company See telecom company. sealed seal 1 n. 1. a. A die or signet having a raised or incised emblem used to stamp an impression on a receptive substance such as wax or lead. b. The impression so made. c. six billion-dollar deals. With its $6 billion purchase of Western Wireless Corp. Alltel became the fifth-largest wireless company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and with the $9.1 billion spin-off of its wireline business, it became a pure wireless operation. In the process it created another multibillion-dollar publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. in Little Rock--Windstream Corp. In March, Alltel bought from Palmetto palmetto or cabbage palmetto Tree (Sabal palmetto) of the palm family, occurring in the southeastern U.S. and the West Indies. Commonly grown for shade and as ornamentals along avenues, palmettos grow to about 80 ft (24 m) tall and have fan-shaped leaves. MobileNet LP of Columbia Columbia, cities, United States Columbia (kəlŭm`bēə). 1 City (1990 pop. 75,883), Howard co., central Md., between Washington, D.C., and Baltimore. , S.C., wireless partnerships that cover approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 2 million people in North and South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. . Alltel already managed and owned 50 percent of each of the 10 partnerships and purchased the remaining interests from Palmetto. That deal came in at $456 million. Speaking of Windstream, the company agreed in December December: see month. to split off its directory publishing business, Windstream Yellow Pages Windstream Yellow Pages, Inc. is the directory publishing subsidiary of Windstream Communications. It was founded in 1984 as Alltel Publishing Corporation. Windstream Yellow Pages publishes directories for former Alltel wireline and Valor Telecom customers, as well , in a $525 million deal with affiliates of Welsh Welsh most commonly refers to:
Places Carson Carson, city (1990 pop. 83,995), Los Angeles co., S Calif., an industrial and residential suburb of Los Angeles; inc. 1968. Oil refining is the major industry; fabricated metals, paper, and other products are manufactured. The California State Univ. Dominguez Hills is there. Anderson Anderson, river, Canada Anderson, river, c.465 mi (750 km) long, rising in several lakes in N central Northwest Territories, Canada. It meanders north and west before receiving the Carnwath River and flowing north to Liverpool Bay, an arm of the Arctic & Stowe Stowe (stō), resort town (1990 pop. 2,450), Lamoille co., N central Vt.; settled 1794, inc. 1896. It is surrounded by mountains, including Mt. Mansfield, Vermont's highest. , a private equity' investment firm in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Windstream said it expected to retire retire v. 1) to stop working at one's occupation. 2) to pay off a promissory note, and thus "retire" the loan. 3) for a jury to go into the jury room to decide on a verdict after all evidence, argument and jury instructions have been completed. up to $250 million in debt and repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. approximately 19.6 million shares of Windstream common stock valued at approximately $275 million. Windstream Yellow Pages distributed about 9 million directories each year in 36 states and had annual revenue of about $152 million. It is based in Hudson, Ohio Hudson is a city in Summit County, Ohio, United States. The population was 22,439 at the 2000 census, making it the 389th largest city in the midwest. This number rose to 23,154 at the 2006 census estimates [1]. , and has about 450 employees. Media Merger Although not nearly as large a deal, in April publicly traded Coconut Palm coconut palm Tree (Cocos nucifera) of the palm family, one of the most important crops of the tropics. Its slender, leaning, ringed trunk rises from a swollen base and is topped by a graceful crown of giant, feathery leaves. Acquisition Corp. of Boca Raton Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla., announced it would merge See mail merge and concatenate. with Equity Broadcasting Corp. of Little Rock. The $267 million deal left Coconut Palm as the surviving corporation, but it said it would change its name to Equity Media Group Inc. Coconut Palm Acquisition Corp. is an acquisition vehicle led by Univision  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. Communications Inc., a Spanish-language media company. Equity owned and operated 132 TV stations in the United States and a distribution platform for Spanish-language media. The deal creates a diversified diversified (di·verˑ·s media company in broadcasting, marketing and entertainment for the 44 million Hispanics in the United States Hispanics in the United States, or Hispanic Americans, are American citizens or residents of Hispanic ethnicity who identify themselves as having Hispanic Cultural heritage.[1] According to the 2000 Census, Hispanic Americans constitute roughly 12. . In the deal, Equity was to sell two television stations to Univision Television Group Inc. for $15 million. Other major public companies in the state remained on the sidelines On the sidelines An investor who decides not to invest due to market uncertainty. on the sidelines Of or relating to investors who, having assessed the market, have decided to avoid committing their funds. throughout the year. The value of numerous deals may not be announced until much later--often in an SEC document. No doubt there were some major deals of private companies as well as mergers and acquisitions among out-of-state out-of-state adj. Of, relating to, or being from another state. companies whose deals involved holdings in Arkansas. For instance, International Paper Co., which is trying to downsize Downsize Reducing the size of a company by eliminating workers and/or divisions within the company. Notes: When a company downsizes, it is attempting to find ways to improve efficiency and increase profitability. It is sometimes referred to as trimming the fat. to what it thinks are its core moneymakers, has sold off forestland for·est·land n. A section of land covered with forest or set aside for the cultivation of forests. and mills throughout the state, including its large paper mill at Pine Bluff Pine Bluff, city (1990 pop. 57,140), seat of Jefferson co., S central Ark., on the Arkansas River; inc. 1839. It is a port and trade center for an agricultural area and has industries producing metal, wood, and paper products; machinery; electrical equipment; and . Although overall price tags on those deals were released, there was no breakdown breakdown /break·down/ (brak´doun) 1. the act or process of ceasing to function. 2. an often sudden collapse in health. 3. loss of self-control. on the value of the Arkansas properties. Allen Al·len , Edgar 1892-1943. American anatomist who is noted for his studies of hormones and for the discovery (1923) of estrogen. Canning Co.'s purchase, for an undisclosed sum, of the Birds Eye
1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have a departure from the canning business. The deal allows the company to enter the fresh vegetable business for major customers, including Wal-Mart, Royal Ahold a·hold n. Hold; grip: "I knew I could make it all right if I got . . . back to the hotel and got ahold of that bottle of brandy" Jimmy Breslin. , Kroger The Kroger Co. (NYSE: KR) is an American retail supermarket chain and parent company, founded by Bernard Henry Kroger in 1883 in Cincinnati, Ohio. It reported over US$60 billion in sales during its most recent fiscal year and is the top grocery retailer in the country and , Albertsons Albertsons is a brand name currently used by two separate companies due to the 2006 split of Albertsons, Inc.:
Publix Super Markets, Inc. (commonly known as Publix) is a United States supermarket chain based in Lakeland, Florida. Founded in 1930 by George W. , Associated Wholesale Grocers Associated Wholesale Grocers (AWG) is the second-largest retailer-owned grocery wholesaler in the United States. The cooperative serves over 1,900 stores in 21 states. It was founded in 1924 as Associated Grocers of Kansas City and is based in Kansas City, Kansas. , Sysco, Gordon Food Service Gordon Food Service ("GFS") is the largest privately held foodservice distributor in North America with sales of $5.5 billion in 2007. Headquartered in Wyoming, Michigan, GFS has Marketplace stores in the states of Florida, Illinois, Indiana, Kentucky, Michigan, Ohio, and and U.S. Foodservice U.S. Foodservice is one of the largest broadline foodservice distributor in the United States. The company distributes food and related products to over 250,000 customers, including restaurants, healthcare facilities, lodging establishments, cafeterias, schools and colleges. U.S. . The acquired business includes plants in Brockport, Bergen Bergen, city, Norway Bergen (bĕr`gən), city (1995 pop. 221,645), capital of Hordaland co., SW Norway, situated on inlets of the North Sea. It is Norway's second largest city and a major shipping center. and Oakfield Oakfield is the name of several places:
n. Nautical 1. A device used to fair the lines of an underwater fitting. 2. The bridge and conning tower on a submarine. ; Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. .; and Montezuma Montezuma (mŏntĕs  `mä) or Moctezuma (mŏk–), 1480?–1520, Aztec emperor (c.1502–1520). , Ga., that employ almost
700 people.
U.S., Worldwide Deals Globally, there were some $4 trillion in mergers and acquisitions, driven by investors in private equity firms and relatively low interest rates, according to Thomson Financials Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings and several others that keep track. And analysts are speculating the aggressive trend will continue into 2007, predicting a 10 percent increase for the year: In North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , about $1.7 trillion in M&A activity occurred, up 35 percent over 2005. European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. mergers increased 49 percent to $1.69 trillion. There were 31,825 deals last year, and private equity firms spent a record $725.3 billion to take companies private. The biggest of the private equity deals was hospital chain HCA HCA, n.pr See acid, hydroxycitric. Inc.'s $33 billion agreement to go private. Apollo Management Apollo Management L.P. is a private equity L.P. firm, founded in 1990 by Leon Black (Apollo Advisors). Based in New York, it also has offices in Los Angeles and London. It has invested over $16 billion in companies inside and outside the of the United States. and Texas Pacific Group secured a $27.8 billion agreement to take Harrah's Entertainment Harrah's Entertainment, Inc. (NYSE: HET) is a gaming corporation that owns and operates casinos, hotels, and six golf courses under several brands. The company, based in Las Vegas, Nevada, is the largest gaming company in the world, with yearly revenues around $7.11 billion. Inc. private. AT&T Inc.'s $86 billion purchase of BellSouth
Wachovia Corporation (NYSE: WB), based in Charlotte, North Carolina, is the third largest banking chain in the United States based on total deposits. Corp's $26 billion buyout Buyout The purchase of a company or a controlling interest of a corporation's shares. Notes: A leveraged buyout is accomplished with borrowed money or by issuing more stock. of Golden West Financial. In the pharmaceutical field, CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. Corp. forked See forked version. forked - (Unix; probably after "fucked") Terminally slow, or dead. Originated when one system was slowed to a snail's pace by an inadvertent fork bomb. over $21 billion to buy Caremark Rx  The introduction to this article may be too long. Please help improve the introduction by moving some material from it into the body of the article according to the suggestions at Inc., and Johnson & Johnson bought Pfizer Pfizer Incorporated (NYSE: PFE) is a major research-based pharmaceutical company, which ranks number two in sales The company is based in New York City. It produces the number-one selling drug Lipitor (atorvastatin, used to lower blood cholesterol); the oral antifungal Consumer Healthcare for
$16 billion.
Which were the big investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. that gained the most from the M&A activity? Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. Group Inc. led the way with 216 global deals worth $564 billion; JPMorgan Chase JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. The company, headquartered in New York City, is one of the leaders in investment banking, financial services, asset and wealth management and private equity. With assets of $1. & Co. came in a close second with 210 deals worth $471.74 billion, according to Thompson Thompson, city, Canada Thompson, city (1991 pop. 14,977), central Man., Canada, on the Burntwood River. A mining town, it developed after large nickel deposits were discovered in the area in 1956. Financial. By the way, Goldman Sachs reported a $9.5 billion profit last year. Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Inc. was third at $433.31 billion; Citigroup CitigroupU.S. holding company formed in 1998 from the merger of Citicorp (itself a holding company incorporated in 1967) and Travelers Group, Inc. The $70 billion merger included one of the largest U.S. investment banks, Salomon Smith Barney Inc. Inc., fourth, $399.9 billion; and Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. Holdings Inc., fifth, $383.94 billion. BY JOHN HENRY jhenry@abpg.com
Biggest Bond, Deals of 2006
Ranked by value
Value
Project/Type Bond (millions) Underwriter(s)
1 Single Family Mortgage $49.00 Stephens Inc.; Citigroup;
Revenue Bonds 2006 Series C A.G. Edwards & Sons;
Crews & Associates;
Moorgan Keegan & Co.
2 Tobacco Settlement Revenue $36.78 NA
Bond Series 2006
3 Single Family Mortgage $25.00 Stephens; Merrill Lynch
Revenue Bonds 2006 Series & Co.; Morgan Keegan;
A&B A.G. Edwards
3 Single Family Mortgage $25.00 Stephens; UBS Investment
Revenue Bonds 2006 Series D Bank; A.G. Edwards;
Crews; Morgan Keegan
5 Single Family Mortgage $10.00 Stephens
Revenue Bonds 2006 Series E
6 ADFA Student Loan Guaranty $7.43 NA
Foundation of Arkansas
Project- Tax Exempt Series A
7 ADFA Revenue Bonds Taxable $7.38 NA
2006 Series A, 2006
Tax-Exempt Series D
Month
Project/Type Bond Bond Counsel Closed
1 Single Family Mortgage Williams & Anderson PLC; July
Revenue Bonds 2006 Series C Hawkins Delafield & Wood
LLP, N.Y.
2 Tobacco Settlement Revenue NA June
Bond Series 2006
3 Single Family Mortgage Williams & Anderson; March
Revenue Bonds 2006 Series Hawkins Delafield & Wood
A&B
3 Single Family Mortgage Williams & Anderson; November
Revenue Bonds 2006 Series D Hawkins Delafield & Wood
5 Single Family Mortgage Williams & Anderson; November
Revenue Bonds 2006 Series E Hawkins Delafield & Wood
6 ADFA Student Loan Guaranty Mitchell Williams Selig July
Foundation of Arkansas Gates & Wooyard PLLC
Project- Tax Exempt Series A
7 ADFA Revenue Bonds Taxable Mitchell Williams Selig July
2006 Series A, 2006 Gates & Wooyard PLLC
Tax-Exempt Series D
Source: Arkansas Development Finance Authority, public records.
Researched by John Henry
Biggest Deals of 2006
Announced transactions valued or believed to be valued at
$10 million or more, ranked by value
Price
Buyer, City Seller, City (millions)
1 Baldor Electric Co., Rockwell Automation $1,800.0
Fort Smith Inc., Milwaukee
2 Alltel Corp., Little Rock $1,000.0
2 Wal-Mart Stores Inc., Trust-Mart Co. Ltd., $1,000.0
Bentonville Shanghai, China
4 Shinsegae Co. Ltd., Chung, Wal-Mart Stores Inc., $882.0
South Korea Bentonville
5 Metro AG, Cologne, Germany Wal-Mart Stores Inc., $863.0
Bentonville
6 Welsh Carson Anderson & Windstream Corp., $525.0
Stowe, New York Little Rock
7 Alltel Corp., Little Rock Palmetto MobileNet, $456.0
Columbia, SC
8 Acxiom Corp., Little Rock $278.0
9 Coconut Palm Acqusition Equity Broadcasting $267.4
Corp., Boca Raton, FL Corp., Little Rock
10 Alltel Corp., Little Rock Southern Illinois $160.0
Cellular Corp.,
Mt. Vernon, IL
11 General Growth/The Pinnacle $138.0
Group, Chicago/Rogers
12 IberiaBank Corp., Pulaski Investment $130.0
Lafayette, LA Corp., Little Rock
13 The Barber Group, $100.0
Fayetteville
13 Waste Corp. of Arkansas Comerica Bank, Detroit $100.0
Inc., Houston
13 John Nock/Richard Alexander, $100.0
Fayetteville
13 Upscale Cos. LLC, Rogers Ozark Mountain Bank, $100.0
Branson, MO
17 John Q. Hammons-Rogers $77.0
Convention Center, Rogers
17 Rosetta Exploration Inc., Murphy Oil Corp., $77.0
Calgary, Alberta El Dorado
19 IberiaBank Corp., Pocahontas Bancorp $76.0
Lafayette, LA Inc., Jonesboro
20 FutureFuel Corp., Clayton, Eastman Chemical Co., $75.0
MO Kingsport, TN
21 Undisclosed buyer Alltel Corp., Little $71.0
Rock
22 Atlas Pipeline Partners LP, Southwestern Energy $65.5
Philadelphia Corp., Houston
23 First Cash Financial Auto Master, $48.0
Services Inc., Arlington, TX Fayetteville
24 Alltel Corp., Little Rock Virginia Cellullar Inc. $45.9
25 Cooper Realty Investments Columbia SC Owner LLC, $43.2
Inc., Rogers Columbia, SC
26 Pinnacle Air, Springdale AirNet Systems Inc., $41.0
Columbus, OH
27 Palmco Properties LLC, $39.0
Bentonville
28 Triple Net Properties LLC, Regions Bank, $37.2
Santa Ana, CA Birmingham, AL
29 Pleasant Ridge Town Center Metropolitan National $35.5
LLC, Little Rock Bank, Little Rock
30 Maverick Real Estate LLC, First Tennessee Bank, $35.0
North Little Rock Memphis
31 Zila Inc., Phoenix Professional Dental $34.0
Technologies Inc.,
Batesville
32 Windsor Republic Door Inc., Wachovic Capital $30.0
Columbus, OH Finance Corp., Chicago
33 General Properties Inc., T.F. Stone Cos., Dallas $28.0
North Little Rock
34 The Barber Group, Springdale Strategic Development $27.0
Partners LLC, Rogers
35 BRE LQ Properties LLC, La Quinta Properties $25.7
Inc./LQM Operating
New York Partners Ltd., Irving,
TX
36 Lakewood Village Shopping General Electric $25.5
Park LLC, North Little Rock Capital Corp., Houston
37 Washington Regional Medical $25.0
Center, Fayetteville
38 18 tenants-in-common limited RRE Reserves TIC LLC, $23.8
liability companies Wilmington, DE
39 Steele Crossing Partners LP, Bristol Park at Steele $22.5
Fayetteville Crossing LP,
Fayetteville
40 Wheels Group Cos., Toronto Arkansas Best Corp., $20.0
Fort Smith
40 Rolin ParkLLC/Central Weingarten Nostat Inc., $20.0
Properties Inc./Evelyn Hills Houston
Partners LLC/Giles
Properties LP, Hot Springs/
Little Rock
42 USA Carrington Park LLC, Chenal Development LLC, $19.9
Napa, CA Stockbridge, GA
43 Crossland Construction Co., $19.0
Rogers
43 Don Coenen, Rogers $19.0
43 Fisher Communications Inc., Equity Broadcasting $19.0
Seattle Corp., Little Rock
46 Dixie Development Inc., $18.7
Fayetteville
47 Pulaski Academy, Little Rock Fellowship Bible $18.0
Church, Little Rock
48 Cargill Inc., Minneapolis $17.0
48 Stonebridge Little Rock LLC, Column Guaranteed LLC, $17.0
Little Rock New Orleans
50 Little Rock Lodging LLC, LaSalle Bank, Chicago $15.5
Little Rock
50 ARK 4 LLC, Fayetteville Signature Bank of $15.5
Arkansas, Fayetteville
52 Gary Brandon Enterprises, Farmers & Merchants $15.3
Springdale Bank, Tulsa
53 Arbor Glen Limited $15.0
Partnership, Rogers
53 Tyson Foods Inc., Springdale Exportaciones $15.0
Agroindustiales
Argentinas SA, Buenos
Aires
55 Apartment Development $14.0
Services Ltd., Dallas
56 McKibbon Hotel Group, Countrywide Commercial $13.5
Gainesville, GA Real Estate, Calabasas,
CA
57 6901 Lindsey Road LLC, Kansas City Life $13.0
Little Rock Insurance Co., Kansas
City
58 Nickell Investments LLC, First Western Bank/ $12.5
Bentonville Bank of America/
First Federal
58 Alltel Corp., Little Rock Minnesota RSA 11 $12.5
60 Whitt Properties LLC, $12.0
Fort Smith
60 Bill Lazenby, Fayetteville $12.0
62 NGAS Resources Inc., Dart Energy Corp., $11.4
Lexington, KY Mason, MI
63 Shackleford Crossings LLC, Summit Mall Co. LLC, $11.4
Little Rock Little Rock
64 2300 Rebsamen Associates Vantage Point Partners $11.2
LLC, New York Ltd., Memphis
65 BGK Group, Santa Fe, NM Cooper Realty $11.1
Investments/Arkansas
Teacher Retirement
System, Rogers/Little
Rock
66 Champion Parts Inc., Hope Cash Technologies Inc., $10.8
Los Angeles
67 CPCG KM AR 2 LLC, Los K-Mac Enterprises Inc., $10.6
Angeles Fort Smith
68 C&K Properties LLC, Bank of Fayetteville, $10.5
Springdale Fayetteville
69 Arkansas Bay Towne Oaks Southedge Apartment $10.3
LLC, San Francisco LLC, Little Rock
70 Little Rock Development Co. Deltic Timber Corp., $10.3
LLC, Little Rock El Dorado
71 200 West Capitol LLC, SVP Capital LLC, $10.2
Reseda, CA New York $10.1
72 The Barber Group, Springdale
73 United States Beef Co., Bank of America, $10.0
Tulsa Charlotte, NC $10.0
73 The Pinnacle Group, Rogers
73 The Links at Fayetteville CB Ventures/Nock $10.0
LP, Fayetteville Investments,
Fayetteville
NR Griffin Foods Inc., House of Webster, NA
Muskogee, OK Rogers
NR The Nature Conservancy/The International Paper NA
Conservation Fund, Co., Memphis
Arlington, VA
NR Wal-Mart Stores Inc., Central American Retail NA
Bentonville Holdings Co., Guatemala
NR Cingular Wireless, Atlanta Alltel Corp., Little NA
Rock
NR Commercial Metals Co., Yonack Iron & Metal Co. NA
Irving, TX and Metallic Industries
LLC, Dallas
NR Resource Management Service International Paper NA
LLC/TimberStar, Birmingham, Co., Memphis
AL/Atlanta
NR Maverick USA Inc., Schneider National NA
North Little Rock Inc., Green Bay, WI
NR Texas Pacific Group, Fort Smurfit-Stone Container NA
Worth Corp., Chicago
NR E.C. Barton & Co., Jonesboro Jeld-Wen Inc., Klamath NA
Falls, OR
NR Equity Broadcasting Corp., NA
Little Rock
NR Equity Broadcasting Corp., NA
Little Rock
NR Stephens Media Group, Magie Enterprises, NA
Las Vegas Cabot
NR Stone Arcade Acquisition International Paper NA
Corp., Northfield, IL Co., Memphis
NR The Inland Real Estate WDP Partners/Whitman NA
Group, Oak Brook, IL Development/Dillard's
Inc., Phoenix/Yuma,
AZ/Little Rock
NR Danfoss, Denmark Johnson Controls Inc., NA
Milwaukee
NR Shiloh Health Services, Health Management NA
Nevada Services Inc.,
Naples, FL
NR Smithfield Foods Inc.., ConAgra, Omaha, NE NA
Smithfield, VA
NR U.S. Renal Care Inc., Tarrant Dialysis NA
Jonesboro Centers LP, Fort Worth
NR Saint Jean Industries, Superior Industries NA
Belleville, France International Inc.,
Van Nuys, CA
NR Allen Canning Co., Birds Eye Foods Inc., NA
Siloam Springs Rochester, NY
NR Crain Management Group, Little Rock Dodge & NA
Little Rock Little Rock
Chrysler-Jeep
NR Flakeboard America Ltd., Weyerhaeuser Co., NA
Fort Mill, SC Federal Way, WA
NR The ARC Arkansas, Hot Southwest Hotels Inc, NA
Springs Little Rock
NR West Fraser Timber Co., International Paper NA
Vancouver, British Columbia Co., Memphis
NR Georgia-Pacific Corp., International Paper NA
Atlanta Co., Memphis
NR Midwest Mall Properties, Macerich Co., Santa NA
Fayetteville Monica, CA
NR ODS Optical Disk Service Rank Group PLC, United NA
Inc., Germany Kingdom
NR Rural Cellular Corp., Alltel Corp., Little NA
Alexandria, MN Rock
NR White River Bancshares, Bank of Brinkley, NA
Fayetteville Brinkley
Month
Buyer, City Description Announced
1 Baldor Electric Co., purchase of Reliance November
Fort Smith and Dodge power system
units
2 Alltel Corp., Little Rock cash tender offers for August
outstanding debt
securities
2 Wal-Mart Stores Inc., purchase of a food and October
Bentonville department store chain
in China
4 Shinsegae Co. Ltd., Chung, sale of 16 retail May
South Korea stores in Korea
5 Metro AG, Cologne, Germany sale of 85 hypermarkets July
in Germany
6 Welsh Carson Anderson & sale of directory December
Stowe, New York publishing business
segment
7 Alltel Corp., Little Rock purchase of wireless March
partnerships in North
Carolina and South
Carolina partnerships
8 Acxiom Corp., Little Rock modified Dutch auction September
tender offer for
company stock
9 Coconut Palm Acqusition purchase of media April
Corp., Boca Raton, FL company in deal to take
it public
10 Alltel Corp., Little Rock purchase of February
locally-owned wireless
provider
11 General Growth/The Pinnacle construction of January
Group, Chicago/Rogers 980,000-SF shopping
center at Rogers
12 IberiaBank Corp., sale of holding company August
Lafayette, LA for Pulaski Bank &
Trust
13 The Barber Group, construction of July
Fayetteville 22-story Westin hotel
in Rogers
13 Waste Corp. of Arkansas financial package for September
Inc., Houston North Little Rock
waste-hauling project
13 John Nock/Richard Alexander, purchase of Radisson October
Fayetteville Hotel in downtown
Fayetteville
13 Upscale Cos. LLC, Rogers mortgage for October
construction of Myers
Ranch in Rogers
17 John Q. Hammons-Rogers mortgage for March
Convention Center, Rogers construction of
convention center
17 Rosetta Exploration Inc., deal allowed Murphy's September
Calgary, Alberta Canadian subsidiary to
become majority owner
of Berkana Energy Corp.
19 IberiaBank Corp., purchase of holding July
Lafayette, LA company for First
Community Bank
20 FutureFuel Corp., Clayton, purchase of Eastman's October
MO Batesville plant and
related assets
21 Undisclosed buyer sale of former Western April
Wireline operations in
Haiti
22 Atlas Pipeline Partners LP, purchase of final 25 May
Philadelphia percent of NOARK
Pipeline System LP
23 First Cash Financial sale of auto part August
Services Inc., Arlington, TX company
24 Alltel Corp., Little Rock purchase of wireless June
properties
25 Cooper Realty Investments purchase of Bank of May
Inc., Rogers America Plaza in
Columcia, SC
26 Pinnacle Air, Springdale purchase of passenger July
charter business
27 Palmco Properties LLC, construction of Stone September
Bentonville Meadows subdivision in
Bentonville
28 Triple Net Properties LLC, purchase of 30-story October
Santa Ana, CA Regions Center building
in Little Rock
29 Pleasant Ridge Town Center funding agreement for March
LLC, Little Rock development of
300,000-SF retail
center in west Little
Rock
30 Maverick Real Estate LLC, funding agreement for September
North Little Rock Maverick Transportation
31 Zila Inc., Phoenix sale of Pro-Dentec November
32 Windsor Republic Door Inc., financial package for September
Columbus, OH southwest Little Rock
doormaker
33 General Properties Inc., purchase of Stone Manor September
North Little Rock Condominiums in Rogers
34 The Barber Group, Springdale purchase of 115-acre June
Creekside Development
at Rogers
35 BRE LQ Properties LLC, purchase of five La April
New York Quinta Inn projects in
Pulaski County
36 Lakewood Village Shopping financial package for January
Park LLC, North Little Rock North Little Rock
retail development
37 Washington Regional Medical construction of March
Center, Fayetteville 70,000-SF fifth floor
of existing hospital
38 18 tenants-in-common limited sale of stake in four February
liability companies west Little Rock
apartment projects
39 Steele Crossing Partners LP, transfer of Bristol January
Fayetteville Gardens apartment
complex into single
entity
40 Wheels Group Cos., Toronto sale of Clipper May
Exxpress intermodal
unit
40 Rolin ParkLLC/Central purchase of Evelyn June
Properties Inc./Evelyn Hills Hills shopping center
Partners LLC/Giles in Fayetteville
Properties LP, Hot Springs/
Little Rock
42 USA Carrington Park LLC, purchase of Carrington April
Napa, CA Park at Chenal Valley
complex in west Little
Rock
43 Crossland Construction Co., construction of Don's April
Rogers Cold Storage facility
43 Don Coenen, Rogers construction of May
160,000-SF cold storage
facility at Rogers
43 Fisher Communications Inc., sale of KPOU-TV and November
Seattle KPOY-LP in Portland,
Ore.
46 Dixie Development Inc., construction of March
Fayetteville 76,555-Sf Nelson's
Crossing in Fayetteville
47 Pulaski Academy, Little Rock purchase of 10.6-acre June
development in west
Little Rock
48 Cargill Inc., Minneapolis construction of April
83,000-SF expansion to
existing plant
48 Stonebridge Little Rock LLC, funding agreement for June
Little Rock 260-unit apartment
project in west Little
Rock
50 Little Rock Lodging LLC, funding agreement for April
Little Rock 93-room Wingate Inn
project in west Little
Rock
50 ARK 4 LLC, Fayetteville mortgage of September
construction of
University Centre and
Staybridge Suites
52 Gary Brandon Enterprises, construction of Otter November
Springdale Creek subdivision at
Tontitown
53 Arbor Glen Limited construction of Arbor September
Partnership, Rogers Glen subdivision at
Rogers
53 Tyson Foods Inc., Springdale purchase of meat December
wholesaler in Argentina
55 Apartment Development construction of October
Services Ltd., Dallas 250-unit apartment
complex at Rogers
56 McKibbon Hotel Group, funding agreement for July
Gainesville, GA Marriott Courtyard
hotel in downtown
Little Rock
57 6901 Lindsey Road LLC, purchase of 562,000-SF February
Little Rock warehouse in Little
Rock Port Industrial
Park
58 Nickell Investments LLC, mortgages for February
Bentonville construction of homes
in High Meadows
subdivision
58 Alltel Corp., Little Rock purchase of remaining October
interest in rural
service area
60 Whitt Properties LLC, construction of July
Fort Smith 136-room, five-story W
Aloft hotel at Rogers
60 Bill Lazenby, Fayetteville construction of Miller October
Meadows subdivision at
Elkins
62 NGAS Resources Inc., purchase of coal bed January
Lexington, KY methane assets in
Sebastian County
63 Shackleford Crossings LLC, purchase of 97.4-acre January
Little Rock commercial tract at
Interstate 430 and
Shackleford Road
64 2300 Rebsamen Associates purchase of Vantage July
LLC, New York Point Apartments in
Little Rock
65 BGK Group, Santa Fe, NM purchase of Two August
Financial Center
building in Little Rock
66 Champion Parts Inc., Hope purchase of Tomco Auto August
Products Inc.
67 CPCG KM AR 2 LLC, Los sale of 10 fast-food March
Angeles restaurants in Pulaski
County
68 C&K Properties LLC, mortgage for 134-unit October
Springdale The Grove at Chester
Hills condominiums
69 Arkansas Bay Towne Oaks purchase of Towne Oaks November
LLC, San Francisco Village Apartments
70 Little Rock Development Co. sale of 37.8-acre November
LLC, Little Rock retail site for The
Promenade at Chenal
71 200 West Capitol LLC, purchase of Bank of June
Reseda, CA America Plaza in Little
Rock
72 The Barber Group, Springdale construction of The January
Legacy condo project
at Fayetteville
73 United States Beef Co., mortgage for fast food January
Tulsa eatery in North Little
Rock
73 The Pinnacle Group, Rogers construction of March
40,000-SF Northwest
Arkansas Center for
Children
73 The Links at Fayetteville purchase of 153 acres November
LP, Fayetteville in two land buys in
Fayetteville
NR Griffin Foods Inc., sale of gourmet jelly January
Muskogee, OK maker
NR The Nature Conservancy/The sale of 218,000 acres March
Conservation Fund, of forestland in
Arlington, VA Arkansas
NR Wal-Mart Stores Inc., increased share of March
Bentonville Guatemalan supermarket
chain to 51%
NR Cingular Wireless, Atlanta sale of rural service April
area in Arkansas
NR Commercial Metals Co., purchase of assets, April
Irving, TX including scrap metal
processing plant at
Lonoke
NR Resource Management Service sale of 5.1 million of April
LLC/TimberStar, Birmingham, forestland, including
AL/Atlanta 540,000 acres in
Arkansas
NR Maverick USA Inc., purchase of Schneider May
North Little Rock Specialized, the
largest glass carrier
in North America
NR Texas Pacific Group, Fort sale of consumer May
Worth packaging division,
including plant at
Jacksonville
NR E.C. Barton & Co., Jonesboro purchase of 56-store June
Grossman's Bargain
Outlet chain
NR Equity Broadcasting Corp., purchase of WBLU-TV in June
Little Rock Lexington, Ky.
NR Equity Broadcasting Corp., purchase of four June
Little Rock television stations in
three states
NR Stephens Media Group, purchase of Cabot, June
Las Vegas Carlisle, Lonoke and
Sherwood newspapers
NR Stone Arcade Acquisition purchase of kraft June
Corp., Northfield, IL papers business,
including a dunnage
bad plant at Fordyce
NR The Inland Real Estate sale of Yuma Palms June
Group, Oak Brook, IL Regional Shopping
Center for $95.7
million
NR Danfoss, Denmark sale of 50 percent July
interest in Scroll
Technologies Inc. of
Arkadelphia
NR Shiloh Health Services, purchase of three July
Nevada hospitals, including
Southwest Regional in
LR and Summit in Van
Buren
NR Smithfield Foods Inc.., sale of refrigerated July
Smithfield, VA meats business,
including plants at
Huntsville, Ozark,
Jonesboro
NR U.S. Renal Care Inc., purchase of nine July
Jonesboro dialysis center in
Fort Worth area
NR Saint Jean Industries, sale of Superior's September
Belleville, France suspension components
business at Heber
Springs
NR Allen Canning Co., purchase of non-branded November
Siloam Springs frozen vegetable
business
NR Crain Management Group, purchase of two November
Little Rock dealerships from the
Martindill family
NR Flakeboard America Ltd., sale of composite panel November
Fort Mill, SC mills, including one at
Malvern
NR The ARC Arkansas, Hot sale of the Majestic November
Springs Hotel Resort & Spa in
Hot Springs
NR West Fraser Timber Co., purchase of 13 lumber November
Vancouver, British Columbia mills, including one
at Leola
NR Georgia-Pacific Corp., puchase of five wood December
Atlanta products mills,
including one at Gurdon
NR Midwest Mall Properties, purchase of three December
Fayetteville malls, including
Northwest Arkansas Mall
at Fayetteville
NR ODS Optical Disk Service sale of Deluxe Media December
Inc., Germany Services DVD operation
at North Little Rock
NR Rural Cellular Corp., sale of four southern December
Alexandria, MN Minnesota markets to
meet divestiture
requirement
NR White River Bancshares, purchase of $139.5 December
Fayetteville million asset Bank of
Brinkley
Sources: FactSet Mergerstat LLC, company news releases, Arkansas
Business and Northwest Arkansas Business Journal archives, public
records.
NR: Deals believed to be worth $10 million or more but for which
no value was announced publicly.
Researched by John Henry
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