The year in mergers and acquistions

Programs & Series | MPR News Feature | Types | Reports | Topics | Finance & Economy |
December 30, 1999
Bill Catlin - Reporter
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1999 was another big year for corporate mergers. When New Jersey based Allied Signal bought Honeywell for nearly 16 billion dollars, it became the second year in a row that Minnesota lost the headquarters of a Fortune 500 company. In 1998, Minneapolis had lost the corporate offices of Norwest Bank when it acquired Wells Fargo and moved its top executives to San Francisco. It's clear the forces driving such mergers will continue -- even though investors are increasingly skeptical of buyouts. Bill Catlin of Minnesota Public Radio has the next in our series of reports on the year ahead.

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