Credit Suisse Investment Banking Pitch Book
Selected acquiror stock price reaction summary
Selected potential transformational transactions
($ in millions)
Ann.
Date
09/21/11
07/14/11
04/25/11
02/07/11
08/31/09
03/09/09
07/10/08
06/12/08
07/12/07
06/23/06
06/23/06
01/24/06
Acquiror
United Technologies Corp
BHP Billiton PLC
Barrick Gold Corp.
Ensco PLC
Baker Hughes Inc
Merck & Co Inc
The Dow Chemical Co
Invitrogen Corp
Rio Tinto
Anadarko Petroleum Corp
Anadarko Petroleum Corp
Walt Disney Co
CREDIT SUISSE
Target
Goodrich Corp
Petrohawk Energy Corp
Equinox Minerals, Ltd.
Pride International Inc.
BJ Services Co
Schering-Plough Corp
Rohm & Haas Co
Applied Biosystems Group
Alcan
Western Gas Resources
Kerr-McGee Corp
Pixar Inc
Mean
Median
Source: SDC Platinum, FactSet Research Systems.
Transaction
Value
$18,040
15,068
7,370
8,685
5,530
45,913
18,565
6,265
35,767
5,385
17,818
6,491
1 Day
Acquiror Stock Price
Percentage Change
After Announcement
30 Days 1 Year
(10.1%)
(2.8%)
(10.1%)
(5.8%)
(7.0%)
(2.4%)
(6.7%)
(11.8%)
1.1%
(9.9%)
(9.9%)
(0.3%)
(6.3%)
(6.8%)
1.2%
5.3%
(14.0%) (24.1%)
(18.4%) (28.5%)
6.0%
1.1%
(1.3%)
19.1%
10.9%
62.9%
0.3%
(1.1%)
(15.5%)
(3.5%)
(3.5%)
9.8%
(0.7%)
(0.4%)
(56.8%)
(7.6%)
40.2%
11.7%
11.7%
38.5%
4.4%
3.2%
1 Day
S&P500 Index
Percentage Change
After Announcement
30 Days
3.0%
(12.0%)
(3.8%)
(1.0%)
4.6%
21.8%
(6.0%)
(0.1%)
0.7%
1.0%
(3.0%)
5.3%
(0.4%)
1.8%
0.3%
0.4%
0.4%
0.1%
0.0%
0.4%
2.7%
(6.2%)
(6.1%)
2.7%
2.7%
1.0%
0.8%
1.8%
1 Year
25.1%
3.7%
4.0%
2.8%
2.0%
66.9%
(29.4%)
(29.1%)
(19.9%)
20.6%
20.6%
14.0%
6.8%
3.8%
Confidential
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