Whitestone reports increase in number & value of first quarter deals.Both the number and value of mergers and acquisitions for 10 categories of publishing, information and training companies increased in the first quarter, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. figures compiled by Whitestone Whitestone may refer to:
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) for its annual Who's who's
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short for who is, who has. Buying Whom reference. Whitestone said the number of mergers and acquisitions in the quarter increased 28% compared to last year, going from 71 deals in 2003 to 91 deals this year. The value of the deals increased 86%, going from $2.56 billion in the first quarter of 2003 to $4.75 billion this year.
Excluding the $2 billion "mega Informa/Taylor & Francis" deal, the value of the deals increased 7% in the first quarter of 2004. The segments showing the largest increases in M&A activity were in the "Business/Legal" and "Education/Reference" segments, where the number of deals increased from seven to 18 and from six to 12, respectively.
Besides the Informa/T&F merger, the largest deals included: the sale of American Achievement Corp., a supplier of class rings, yearbooks and related products; Thomson Corp.'s $400 million purchase of TradeWeb (see related story); and, Ask Jeeves Noun 1. Ask Jeeves - a widely used search engine accepting plain English questions or phrases or terms
trademark - a formally registered symbol identifying the manufacturer or distributor of a product $343 million purchase of Interactive Search Holdings. Totals do not include the $334 million purchase of Le Groupe Moniteur by Sagard from Aprovia.