許多市場觀察家們預測，2016年將是并購交易異常活躍的一年，主要推動力來自一系列小規模交易。觀察家們預測，今年的并購規模不會超過2015年，因為去年在多筆大規模交易的推動下，并購交易規模超過了5萬億美元——其中數筆交易已經失敗。

到目前為止的數據顯示，預測有可能成真。據跟蹤并購的分析公司Dealogic統計，2016年，美國的并購交易總價值約為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模最大的并購交易：

Dealogic提供的交易價值，也包括交易目標的凈債務。

12. 3月，宣偉（Sherwin-Williams）以113億美元的價格收購威士伯（Valspar）

行業：基礎材料

宣偉在三月份同意與競爭對手威士伯合并。該筆交易使宣偉獲得了更好的大賣場零售商渠道，如家得寶（Home Depot）和勞氏（Lowes）等，因為威士伯在這些賣場已經有強大的影響力。而宣偉主要通過自己的店鋪開展業務。

此外，該筆交易也將加快宣偉在國際市場的增長，如亞洲、歐洲和中東市場等。

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

行業：金融

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

北極星資產管理公司執行總裁戴維?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、更強大的資產負債表和更完善的資產流動性，將繼續進行有意義的擴張，持續提高股東的長期收益。”北極星資產管理公司于2013年從北極星地產金融公司拆分。

10. 2月，Fortis宣布以114億美元收購ITC Holdings

行業：公用電力事業

加拿大公用事業運營商Fortis，在二月份宣布計劃收購密歇根州諾維的ITC Holdings公司。此次收購，將使Fortis在美國中西部站穩腳跟，也將為合并后的公司提供擴張機會。

9. Great Plains Energy以122億美元競購Westar Energy

行業：公用電力事業

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，交易采取了現金和股份結合的方式。

Great Plains Energy董事長兼首席執行官特里?巴沙姆表示：“公用事業行業目前面臨著日益提高的客戶預期，日益嚴格的環境標準和新出現的網絡安全威脅。這些因素以及用電需求增長放緩等原因，推高了我們的成本和客戶費率。”通過收購Westar，公司希望可以減少開支，合并兩家公司的業務。

8. Protection 1以124億美元收購ADT

行業：安全

2月，住宅與小企業財產安全服務ADT同意接受阿波羅全球管理公司（Apollo Global Management）子公司的收購計劃，與另外一家住宅安全公司Protection 1合并。此次合并之后的公司，將擴大在美國和加拿大影響力，并可幫助ADT加快向商業部門擴張。

7. IMS Health Holdings與昆泰跨國控股公司（Quintiles Transnational Holdings）合并，規模128億美元

行業：生物科技

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

IMS Health董事長兼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：改變創新藥物的臨床開發，證明這些藥物在真實世界中的價值，加快取得商業成功。”

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

行業：石油天然氣

橫加公司擁有頗具爭議的Keystone XL輸油管道。該公司在三月份同意以132億美元收購哥倫比亞管道集團，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。此次收購為全現金交易。

此次收購哥倫比亞，不僅為橫加公司減少了一家競爭對手，也使公司可以獲得馬塞洛斯和尤提卡頁巖區域更廉價的天然氣。此前，來自哥倫比亞的競爭一直在侵蝕橫加公司的收入。

5. 萬豪國際（Marriott International）136億美元收購喜達屋（Starwood）

行業：服務業

這或許是2016年最為緊張的并購交易，最終以喜達屋最高出價者安邦保險（Anbang Insurance）退出而結束。萬豪國際收購喜達屋的交易規模，在榜單中排名第五。經過數月的競價之后，兩家公司在三月份同意合并，成為全球最大的連鎖酒店。交易采取了現金和股份結合的方式。

此次交易將幫助合并后的公司擴大規模，應對規模更小但增長迅速的競爭對手，如Airbnb。更大的規模，也讓新公司可以與Expedia等在線預訂網站談判更有利的費用。

4. 江森自控（Johnson Controls）166億美元收購泰科國際（Tyco International）

行業：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制造商泰科國際同意合并。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35%的高企業所得稅。

公司表示，該筆交易在前三年至少可節省稅賦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LinkedIn

行業：科技

周一，微軟宣布以262億美元全現金方式收購社交網絡公司LinkedIn。在交易時段，LinkedIn的股票應聲上漲47%。微軟此次豪擲200億美元，是公司史上規模最大的一次交易，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。”

據Dealogic統計，該筆交易也是有史以來第六大科技行業并購交易。

2. 雅培制藥（Abbott Laboratories）306億美元收購圣猶達醫療（St Jude Medical）

行業：醫療器械與設備

4月，雅培制藥宣布，以250億美元現金和股份交易的形式，收購圣猶達醫療，并承擔圣猶達約57億美元的凈債務，或進行債務再融資。

這是今年醫療保健行業最轟動的并購交易之一，合并后的公司將在競爭日益激烈的市場，擁有更強大的醫療器械業務。規模的擴大，也將使雅培制藥擁有更多的市場定價權。

1. Shire以320億美元收購Baxalta

行業：制藥

經過長達六個月的談判之后，倫敦制藥商Shire最終宣布，計劃以320億美元現金和股份交易的方式，收購Baxalta，此次交易將讓Shire在治療罕見病方面占據更大優勢。

但今年才剛剛過去了一半。有一筆重大交易可能會取而代之，成為今年規模最大的并購交易——目前德國制藥業巨頭拜耳（Bayer）與其意向收購目標孟山都，正在反復進行談判。拜耳在五月份對后者提出的收購要約是令人瞠目的620億美元。但孟山都拒絕了這一要約，稱這一價格“不完善，且經濟條件不足。”目前有關該筆交易的談判仍在進行當中。 （財富中文網）

譯者：劉進龍/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.