Bloomberg L.P.

Bloomberg Unveils Global Law Firm Rankings for M&A

    New York (ots/PRNewswire) -

    - Sullivan & Cromwell and Linklaters Led the Way in 2004; Huge Rise in Activity Seen in 2004, Very Active Season Expected in 2005

    Bloomberg, the leading global provider of business and financial news and data, today unveiled its Bloomberg Law Merger, Acquisition and Divestitures rankings for 2004. The global rankings are compiled by Bloomberg as part of Bloomberg Law, a comprehensive legal information, news and analytics resource accessible on the Bloomberg terminal at BLAW . The Bloomberg Law rankings are based on the total value of mergers, acquisitions and divestitures handled by firms worldwide. The rankings are available real-time to Bloomberg users as part of the all-inclusive Bloomberg terminal, also called the Bloomberg Professional(R) service.

    US Results

    According to the year-end Bloomberg Law rankings, New York-based Sullivan & Cromwell was the top firm for U.S. mergers, acquisitions and divestitures in 2004, working on over US$278.4 billion worth of deals. Sullivan & Cromwell beat out last year's top firm Skadden Arps Slate Meagher & Flom, which totaled US$264.9 for 2004. Sullivan & Cromwell secured the top spot in part by handling Aventis SA's US$72.7 billion takeover from Sanofi-Synthelabo SA. The transaction formed Sanofi-Aventis SA, and was the year's second-largest deal. Wachtell Lipton Rosen & Katz (US$260.0), Linklaters (US$218.7) and Cravath Swaine & Moore (US$197.7) rounded out the top five law firms that handled transactions in the U.S.

    All of top firms on the Bloomberg Law list saw a large increase in activity from 2003, especially in the first and fourth quarters of 2004.

@@start.t1@@      Top Ten Law Firms Advising U.S. Buyers and Sellers on Announced Deals,
      2004
      All figures in US Dollars
        Firm                                                    Value (billions)
        Sullivan & Cromwell                            $278.4
        Skadden Arps                                        $264.9
        Wachtell Lipton                                  $260.0
        Linklaters                                          $218.7
        Cravath Swaine                                    $197.7
        Simpson Thacher                                  $196.3
        Clifford Chance                                  $179.2
        Arnold & Porter                                  $146.8
        Davis Polk                                          $142.6
        Slaughter and May                                $137.6@@end@@

    Europe Results

    In Europe, London-based Linklaters was the top firm, advising on 154 transactions that totaled over US$177.9 billion of deals, three times the firm's 2003 numbers. Their biggest deal was Sanofi-Synthelabo SA's US$72.7 billion takeover of Aventis SA and Royal. Linklaters beat out Clifford Chance (US$157.3), Slaughter and May (US$136.9), Sullivan & Cromwell (US$106.6) and Cravath Swaine & Moore (US$103.0).

    Overall, Europe experienced a 67 percent increase in value of announced mergers, acquisitions and divestitures as deals totaled over US$864.2 billion in 2004. Much like in the U.S., the first and fourth quarters were the most active in Europe.

@@start.t2@@      Top Ten Law Firms Advising European Buyers and Sellers on Announced
      Deals, 2004
      All figures in US Dollars
                                                                  Value (Billions)
        Firm                                                      2004            2003
        Linklaters                                          $177.9          $55.8
        Clifford Chance                                  $157.3          $59.7
        Slaughter and May                                $136.9          $47.9
        Sullivan & Cromwell                            $106.6          $17.9
        Cravath Swaine & Moore                        $103.0            $7.5
        Bredin Prat & Associes                         $95.2          $15.5
        Wachtell Lipton Rosen & Katz                $91.7            $8.2
        De Brauw Blackstone Westbroek              $83.1                --
        Davis Polk & Wardwell                          $80.6          $41.3
        Arnold & Porter                                    $77.2          $11.6@@end@@

    About Bloomberg

    Bloomberg L.P. is the leading global provider of news, data and analysis. The BLOOMBERG TERMINAL, also called the BLOOMBERG PROFESSIONAL(R) SERVICE, and Bloomberg's news services provide reporting, analytics, real-time and historical pricing, indicative data, multimedia events and electronic communications 24 hours a day to corporations, professionals, news organizations, the financial services industry and individuals around the world. Bloomberg's media services include BLOOMBERG NEWS(R), the global news service that includes more than 1,600 journalists in 103 bureaus worldwide; BLOOMBERG TELEVISION(R), the 24-hour business and financial network produced and distributed worldwide on 10 separate channels in seven languages; and BLOOMBERG RADIO(SM), which provides up-to-the-minute news on XM, Sirius and WorldSpace satellite radio around the world and on WBBR 1130AM in New York. In addition, Bloomberg Magazine Group and Bloomberg Press publish magazines and books for investment professionals. BLOOMBERG TELEVISION and BLOOMBERG RADIO are syndicated to more than 800 affiliates worldwide. For more information please visit http://www.bloomberg.com.

    About Bloomberg Law

    Bloomberg Law is an all-inclusive legal research tool providing in-depth legal analysis, filings, opinions, real-time and archival news, indexes, rankings, company and biographical information, research and streaming live trial coverage on a single, integrated desktop platform. Bloomberg Law is part of the comprehensive Bloomberg terminal. Bloomberg Law allows Bloomberg users access to a powerful suite of legal and regulatory research tools including real-time and historic online legal databases, daily litigation and regulatory summaries, plus real-time legal, regulatory and compliance reports. Bloomberg users can conduct research across fully comprehensive US Federal and State case law histories, legal case filings and dockets. Bloomberg Law provides access to Bloomberg's comprehensive regulatory databases (including SEC, NASD and NYSE) as well as academic legal journals, legal practice manuals and updates, plus a range of other legal current awareness services, all fully integrated with Bloomberg's powerful search tools. Bloomberg Law is accessible on the Bloomberg terminal at BLAW .

    Website: http://www.bloomberg.com

ots Originaltext: Bloomberg L.P.
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Contact:
Loren Riegelhaupt of Sloane & Company, +1-212-446-1871, or
lriegelhaupt@sloanepr.com, for Bloomberg



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