Merger Madness

The flood of retail mergers has spiked in 2004 and into 2005. The number of hefty deals completed in the past 18 months (worth $300 million or more) has gone up considerably over the previous two years. Here, we provide a list of the big deals that illustrates the ramp-up in activity

2005	FEB	Federated Department Stores and May Department Stores merge in a deal worth about $17 billion.
2005	MAR	Kohlberg Kravis Roberts & Co., Bain Capital LLC and Vornado Realty Trust acquire Toy's ‘R’ Us in a $6.6 billion deal.
2004	APR	JCPenney sells the Eckerd drugstore chain to CVS for $4.5 billion.
	JUN	May Department Stores buys Marshall Field's from Target Corp. for $3.2 billion.
	JUL	Sun Capital Partners Inc., Cerberus Capital Management L.P. and Lubert-Adler and Klaff Partners acquire Mervyn's from Target for $1.2 billion.
	NOV	Barneys and Jones Apparel Group Inc. merge in a $397 million deal.
	NOV	Kmart and Sears sign a definitive merger agreement to form Sears Holding Corp. in a $12.3 billion deal.
2003	FEB	Limited Inc. recombines with Intimate Brands in a $1.5 billion deal.
	FEB	Phillips-Van Heusen acquires Calvin Klein for $575 million.
	JUL	VF Corp. buys Nautica for $604 million.
	JUL	Nike scoops up Converse for $350 million.
	NOV	TBC Corp. acquires National Tire and Battery for $260 million.
Source: Smith Barney

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