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Mergers and Acquisitions

Top 10 Transactions Announced in 2006


Rank Value
($Cdn millions)
Target Acquiror Vendor** Date Announced
1   $19,873  Inco Limited  Companhia Vale do Rio Doce    August 14, 2006 
2   $19,200  Falconbridge Limited  Xstrata Plc    May 17, 2006 
3   $18,760  Inco Limited  Teck Cominco Limited    May 8, 2006 
4   $9,915  Glamis Gold Ltd.  Goldcorp Inc.    August 31, 2006 
5   $8,900  Trizec Properties Inc.
Trizec Canada Inc. 
The Blackstone Group
Brookfield Properties Corporation 
  June 5, 2006 
6   $8,700  Shell Canada Limited  Royal Dutch Shell Plc    October 23, 2006 
7   $6,124  ATI Technologies Inc.  Advanced Micro Devices    July 24, 2006 
8   $4,621  Andarko Canada Corporation  Canadian Natural Resources Limited  Anadarko Petroleum Corporation  September 14, 2006 
9   $4,423  Fairmont Hotels & Resorts Inc.  Colony Capital LLC
Kingdom Hotels International 
  January 30, 2006 
10   $4,196  Four Seasons Hotels Inc.  Cascade Investment, LLC
Kingdom Hotels International 
  November 6, 2006 
Source: Crosbie & Company Inc. (3/2007)

NOTES:
Estimate
**  Vendor is a company selling part of its business, division, or wholly or partially owned subsidiary to another company.

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