; Federal Trade Commission Act of 1914 Robinson-Patman Act of 1936 Hart-Scott-Rodino Antitrust Improvement Act of 1976Hostile takeovers can also affect society. People in communities often become mixed up in merger battles when a target firm is a major employer that provides a town’s economic livelihood. If the takeover of a major employer occurs, this could lead to very high unemployment, local business privation, etc. If you think that Kohlbert, Kravis and Roberts spent some cash acquiring RJR Nabisco - $24 Billion – think again. The ten largest mergers and acquisitions have occurred in the past two and a half years. The smallest of these ten is almost three times that of the KKR – RJR Nabisco deal. The ten largest “Big Deals”:Acquirer Target DateRanked valueAnnounced of deal ($bil)America Online Inc. Time Warner Jan. 10, '00 $181.9Vodafone AirTouch PLC Mannesmann AG Nov. 14, '99 148.6MCI WorldCom Sprint Corp. Oct. 5, '99 127.3Pfizer Inc. Warner-Lambert Co. Nov. 4, '99 87.9Exxon Corp. Mobil Corp. Dec. 1, '98 86.4American Home Products Corp. Warner-Lambert Co. Nov. 4, '99 76.1Travelers Group Inc. Citicorp April 6, '98 72.6SBC Communications Inc. Ameritech Corp. May 11, '98 72.4Bell Atlantic Corp. GTE Corp. July 28, '98 71.3AT&T Corp. Tele-Communications Inc. June 24, '98 69.9SOURCE: Thomson Financial Securities Data & 2000 The Washington Post Company...
