許多市場(chǎng)觀察家們預(yù)測(cè)，2016年將是并購(gòu)交易異?；钴S的一年，主要推動(dòng)力來自一系列小規(guī)模交易。觀察家們預(yù)測(cè)，今年的并購(gòu)規(guī)模不會(huì)超過2015年，因?yàn)槿ツ暝诙喙P大規(guī)模交易的推動(dòng)下，并購(gòu)交易規(guī)模超過了5萬(wàn)億美元——其中數(shù)筆交易已經(jīng)失敗。

到目前為止的數(shù)據(jù)顯示，預(yù)測(cè)有可能成真。據(jù)跟蹤并購(gòu)的分析公司Dealogic統(tǒng)計(jì)，2016年，美國(guó)的并購(gòu)交易總價(jià)值約為6,420億美元，比2015年同期的7,860億美元下降了18%。

下面這些公司參與了今年規(guī)模最大的并購(gòu)交易：

Dealogic提供的交易價(jià)值，也包括交易目標(biāo)的凈債務(wù)。

12. 3月，宣偉（Sherwin-Williams）以113億美元的價(jià)格收購(gòu)?fù)坎╒alspar）

行業(yè)：基礎(chǔ)材料

宣偉在三月份同意與競(jìng)爭(zhēng)對(duì)手威士伯合并。該筆交易使宣偉獲得了更好的大賣場(chǎng)零售商渠道，如家得寶（Home Depot）和勞氏（Lowes）等，因?yàn)橥坎谶@些賣場(chǎng)已經(jīng)有強(qiáng)大的影響力。而宣偉主要通過自己的店鋪開展業(yè)務(wù)。

此外，該筆交易也將加快宣偉在國(guó)際市場(chǎng)的增長(zhǎng)，如亞洲、歐洲和中東市場(chǎng)等。

11. 6月北極星資產(chǎn)管理集團(tuán)（NorthStar Asset Management Group）、其前母公司北極星地產(chǎn)金融公司（NorthStar Realty Finance）和柯羅尼資本集團(tuán)（Colony Capital）合并，交易規(guī)模113億美元

行業(yè)：金融

據(jù)《華爾街日?qǐng)?bào)》（ Wall Street Journal）報(bào)道，三家公司在六月初同意合并成一家房地產(chǎn)投資公司。合并后的公司將命名為柯羅尼北極星（Colony NorthStar）。

北極星資產(chǎn)管理公司執(zhí)行總裁戴維?浜本在聲明中表示：“我們相信，柯羅尼北極星憑借其低杠桿率、更強(qiáng)大的資產(chǎn)負(fù)債表和更完善的資產(chǎn)流動(dòng)性，將繼續(xù)進(jìn)行有意義的擴(kuò)張，持續(xù)提高股東的長(zhǎng)期收益?！北睒O星資產(chǎn)管理公司于2013年從北極星地產(chǎn)金融公司拆分。

10. 2月，F(xiàn)ortis宣布以114億美元收購(gòu)ITC Holdings

行業(yè)：公用電力事業(yè)

加拿大公用事業(yè)運(yùn)營(yíng)商Fortis，在二月份宣布計(jì)劃收購(gòu)密歇根州諾維的ITC Holdings公司。此次收購(gòu)，將使Fortis在美國(guó)中西部站穩(wěn)腳跟，也將為合并后的公司提供擴(kuò)張機(jī)會(huì)。

9. Great Plains Energy以122億美元競(jìng)購(gòu)Westar Energy

行業(yè)：公用電力事業(yè)

密蘇里州堪薩斯城的Great Plains Energy和堪薩斯之外的Westar Energy，在五月底宣布了該筆交易，交易采取了現(xiàn)金和股份結(jié)合的方式。

Great Plains Energy董事長(zhǎng)兼首席執(zhí)行官特里?巴沙姆表示：“公用事業(yè)行業(yè)目前面臨著日益提高的客戶預(yù)期，日益嚴(yán)格的環(huán)境標(biāo)準(zhǔn)和新出現(xiàn)的網(wǎng)絡(luò)安全威脅。這些因素以及用電需求增長(zhǎng)放緩等原因，推高了我們的成本和客戶費(fèi)率?！蓖ㄟ^收購(gòu)Westar，公司希望可以減少開支，合并兩家公司的業(yè)務(wù)。

8. Protection 1以124億美元收購(gòu)ADT

行業(yè)：安全

2月，住宅與小企業(yè)財(cái)產(chǎn)安全服務(wù)ADT同意接受阿波羅全球管理公司（Apollo Global Management）子公司的收購(gòu)計(jì)劃，與另外一家住宅安全公司Protection 1合并。此次合并之后的公司，將擴(kuò)大在美國(guó)和加拿大影響力，并可幫助ADT加快向商業(yè)部門擴(kuò)張。

7. IMS Health Holdings與昆泰跨國(guó)控股公司（Quintiles Transnational Holdings）合并，規(guī)模128億美元

行業(yè)：生物科技

委托醫(yī)療研究提供商昆泰跨國(guó)控股公司，同意與醫(yī)療保健信息公司IMS Health合并為昆泰IMS（Quintiles IMS），將成為醫(yī)療保健行業(yè)的又一家巨頭企業(yè)。此次合并為全股份交易。

IMS Health董事長(zhǎng)兼CEO博安睿在聲明中表示：“此次合并解決了生物科技公司最迫切的需求：改變創(chuàng)新藥物的臨床開發(fā)，證明這些藥物在真實(shí)世界中的價(jià)值，加快取得商業(yè)成功?！?

6. 橫加公司（TransCanada）以132億美元收購(gòu)哥倫比亞管道集團(tuán)（Columbia Pipeline Group）

行業(yè)：石油天然氣

橫加公司擁有頗具爭(zhēng)議的Keystone XL輸油管道。該公司在三月份同意以132億美元收購(gòu)哥倫比亞管道集團(tuán)，合并后的公司將成為北美洲最大的管制天然氣傳輸公司之一。此次收購(gòu)為全現(xiàn)金交易。

此次收購(gòu)哥倫比亞，不僅為橫加公司減少了一家競(jìng)爭(zhēng)對(duì)手，也使公司可以獲得馬塞洛斯和尤提卡頁(yè)巖區(qū)域更廉價(jià)的天然氣。此前，來自哥倫比亞的競(jìng)爭(zhēng)一直在侵蝕橫加公司的收入。

5. 萬(wàn)豪國(guó)際（Marriott International）136億美元收購(gòu)喜達(dá)屋（Starwood）

行業(yè)：服務(wù)業(yè)

這或許是2016年最為緊張的并購(gòu)交易，最終以喜達(dá)屋最高出價(jià)者安邦保險(xiǎn)（Anbang Insurance）退出而結(jié)束。萬(wàn)豪國(guó)際收購(gòu)喜達(dá)屋的交易規(guī)模，在榜單中排名第五。經(jīng)過數(shù)月的競(jìng)價(jià)之后，兩家公司在三月份同意合并，成為全球最大的連鎖酒店。交易采取了現(xiàn)金和股份結(jié)合的方式。

此次交易將幫助合并后的公司擴(kuò)大規(guī)模，應(yīng)對(duì)規(guī)模更小但增長(zhǎng)迅速的競(jìng)爭(zhēng)對(duì)手，如Airbnb。更大的規(guī)模，也讓新公司可以與Expedia等在線預(yù)訂網(wǎng)站談判更有利的費(fèi)用。

4. 江森自控（Johnson Controls）166億美元收購(gòu)泰科國(guó)際（Tyco International）

行業(yè)：汽車零部件

1月，汽車零部件制造商江森自控與愛爾蘭安全系統(tǒng)制造商泰科國(guó)際同意合并。通過該筆交易，江森自控將把公司總部遷往愛爾蘭，以逃避美國(guó)35%的高企業(yè)所得稅。

公司表示，該筆交易在前三年至少可節(jié)省稅賦5億美元，每年至少可減少稅賦1.5億美元。

3. 微軟（Microsoft）281億美元收購(gòu)LinkedIn

行業(yè)：科技

周一，微軟宣布以262億美元全現(xiàn)金方式收購(gòu)社交網(wǎng)絡(luò)公司LinkedIn。在交易時(shí)段，LinkedIn的股票應(yīng)聲上漲47%。微軟此次豪擲200億美元，是公司史上規(guī)模最大的一次交易，微軟CEO薩蒂亞?納德拉表示：“該筆交易將加快LinkedIn以及Mocrosoft Office 365和Dynamics的增長(zhǎng)?！?

據(jù)Dealogic統(tǒng)計(jì)，該筆交易也是有史以來第六大科技行業(yè)并購(gòu)交易。

2. 雅培制藥（Abbott Laboratories）306億美元收購(gòu)圣猶達(dá)醫(yī)療（St Jude Medical）

行業(yè)：醫(yī)療器械與設(shè)備

4月，雅培制藥宣布，以250億美元現(xiàn)金和股份交易的形式，收購(gòu)圣猶達(dá)醫(yī)療，并承擔(dān)圣猶達(dá)約57億美元的凈債務(wù)，或進(jìn)行債務(wù)再融資。

這是今年醫(yī)療保健行業(yè)最轟動(dòng)的并購(gòu)交易之一，合并后的公司將在競(jìng)爭(zhēng)日益激烈的市場(chǎng)，擁有更強(qiáng)大的醫(yī)療器械業(yè)務(wù)。規(guī)模的擴(kuò)大，也將使雅培制藥擁有更多的市場(chǎng)定價(jià)權(quán)。

1. Shire以320億美元收購(gòu)Baxalta

行業(yè)：制藥

經(jīng)過長(zhǎng)達(dá)六個(gè)月的談判之后，倫敦制藥商Shire最終宣布，計(jì)劃以320億美元現(xiàn)金和股份交易的方式，收購(gòu)Baxalta，此次交易將讓Shire在治療罕見病方面占據(jù)更大優(yōu)勢(shì)。

但今年才剛剛過去了一半。有一筆重大交易可能會(huì)取而代之，成為今年規(guī)模最大的并購(gòu)交易——目前德國(guó)制藥業(yè)巨頭拜耳（Bayer）與其意向收購(gòu)目標(biāo)孟山都，正在反復(fù)進(jìn)行談判。拜耳在五月份對(duì)后者提出的收購(gòu)要約是令人瞠目的620億美元。但孟山都拒絕了這一要約，稱這一價(jià)格“不完善，且經(jīng)濟(jì)條件不足?！蹦壳坝嘘P(guān)該筆交易的談判仍在進(jìn)行當(dāng)中。 （財(cái)富中文網(wǎng)）

譯者：劉進(jìn)龍/汪皓

Many market watchers have predicted that 2016 will still be a robust year for mergers and acquisitions, largely boosted by a series of smaller deals. It’s not expected to beat 2015’s figures, when deal volumed skyrocketed above $5 trillion, buoyed by several mega-deals—some of which have since fallen through.

So far, numbers suggest the predictions are on track. In 2016, U.S. mergers and acquisitions value total about $642 billion, 18% lower from the same period in 2015—$786 billion, according to Dealogic, an analytics firm tracking mergers and acquisitions.

Deal value, courtesy of Dealogic, also includes the target’s net debt.

12. Sherwin-Williams takeover of Valspar for $11.3 billion in March

Sector: Basic materials

Sherwin-Williams agreed to snap up its competitor, Valspar, in March. The deal would give Sherwin-Williams better access to big box retailers such as Home Depot and Lowes, where Valspar already has a strong presence. Sherwin though, has made its way mainly through its own stores.

The transaction would also accelerate Sherwin’s growth into international markets in Asia, Europe, and the Middle East.

11. The merger between NorthStar Asset Management Group, its former parent NorthStar Realty Finance, and Colony Capital for $11.3 billion in June

Sector: Finance

The three companies agreed to merge into a single real-estate investment in early June, according to the Wall Street Journal. The combined companyis to be named Colony NorthStar.

“We are confident that Colony NorthStar with its lower leverage, larger balance sheet and improved liquidity profile is poised for meaningful multiple expansion and substantially enhanced long-term returns for shareholders,” David Hamamoto, executive chairman of NorthStar Asset Management, which spun off from NorthStar Reality Finance in 2013, said in a statement.

10. The $11.4 billion acquisition of Fortis by ITC Holdings announced in February

Sector: Electric Utility

Canadian utility operator Fortis announced plans to buy Novi-Mich.-based ITC Holdings in February. For Fortis, the acquisition would give the company a foothold in the Midwest, and give the combined company a chance to expand.

9. Great Plains Energy’s Bid for Westar Energy Worth $12.2 billion

Sector: Electrical Utilities

Great Plains Energy, based out of Kansas City, Mo., and Westar Energy, based out of Kansas, announced the deal late May in a cash and stock transaction.

“The utility industry is facing rising customer expectations, increasing environmental standards and emerging cyber security threats. These factors, coupled with slower demand growth for electricity, are driving our costs and customer rates higher,” said Terry Bassham, chairman and chief executive officer of Great Plains Energy. By buying Westar however, the company hopes to reduce expenses and combine operations.

8. The $12.4 billion acquisition of ADT by Protection 1

Sector: Security

In February, a security service for residential and small business properties, ADT, agreed to be acquired by an affiliate of Apollo Global Management, and merged with another home security firm, Protection 1. The merger would give the combined company greater reach throughout the U.S. and Canada, and also help ADT accelerate its expansion into the commerical sector.

7. A $12.8 billion merger between IMS Health Holdings and Quintiles Transnational Holdings

Sector: Biotech

Contract medical research provider, Quintiles, agreed to merge with healthcare information company, IMS Health to make a giant known as Quintiles IMS in an all-stock deal.

“This combination addresses life-science companies’ most pressing needs: to transform the clinical development of innovative medicines, demonstrate the value of these medicines in the real world, and drive commercial success,” Ari Bousbib, chairman and CEO of IMS Health said in a statement.

6. The $13.2 billion acquisition of Columbia Pipeline Group by TransCanada

Sector: Oil and Gas

The company behind the controversial Keystone XL oil pipeline, TransCanada, agreed to buy Columbia Pipeline Group for $13.2 billion in March, making the combined giant one of North America’s largest regulated natural gas transmission businesses in an all cash deal.

For TransCanada, the deal allows them to take Columbia off its list of rivals, and also access the cheaper gas from Marcellus and Utica shale regions. Competition from the latter has been eating away at TransCanada’s revenue.

5. The $13.6 billion bid to buy Starwood by Marriott International

Sector: Service

Perhaps one of the most tense mergers and acquisitions of 2016 that ended with Starwood’s top bidder, Anbang Insurance, calling it quits, the acquisition of Starwood by Marriott International takes number five on the list. After several months of bidding, the two companies agreed to merge in March, becoming the world’s largest hotel chain in a cash and stock deal.

The merger would give the combined company scale to combat smaller, and rapidly growing competitors such as Airbnb. Its new size would also allow the company to negotiate better fees with online booking sites includingExpedia.

4. The $16.6 billion deal for Tyco International by Johnson Controls

Sector: Auto Parts

In January, car parks manufacturer, Johnson Controlsand Ireland-based security systems maker, Tyco International agreed to merge in a deal that would help Johnson Controls dodge the high, about 35%, corporate tax rate in the U.S. by moving headquarters to Ireland.

The deal will lead to at least $500 million in savings in the first three years, and at least $150 million in annual tax savings, the companies said.

3. The $28.1 billion acquisition of LinkedIn by Microsoft

Sector: Tech

On Monday, Microsoft announced it would buy social networking company, LinkedIn for a smooth $26.2 billion in an all-cash deal. That took LinkedIn’s stock up 47% in trading. The deal, Microsoft’s’ largest ever by a $20 billion long shot, will “accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics,” according to Microsoft CEO Satya Nadella.

The deal is also sixth largest tech merger and acquisition on record, according to Dealogic.

2. The $30.6 billion bid for St Jude Medical by Abbott Laboratories

Industry: Medical Appliances and Equipment

In April, Abbot Labs announced plans to buy St. Jude Medical for $25 billion in a cash and stock deal, and assume or refinance St. Jude’s net debt of about $5.7 billion.

One of the flurry of mergers and acquisitions in the healthcare space this year, the combined company will have a stronger medical-devices business in an increasingly competitive market. Increased scale will also give Abbot Labs more pricing power in the market.

1. The $32 billion deal between Shire and Baxalta

Industry: Pharmaceuticals

After a lengthy six month courtship, London-based drugmaker Shire announced plans to buy Baxalta in a $32 billion cash and stock offer, giving Shire a better foothold in treating rare diseases.

The year though, is just halfway through. One major deal that could supplant the crown is the back-and-forth between German pharmaceutical giant, Bayer, and its intended target, Monsanto. Bayer offered a whopping $62 billion to the latter in May. Monsanto then rejected the offer, calling the proposal “incomplete and financially inadequate.” Discussions for that deal are still ongoing.