United States

(Outdoor Advertising Division) Advised Chancellor Media on the sale of its outdoor advertising unit for a combination of stock and cash

(Compaq Computer Corp.) Advised Compaq Computer Corporation on the sale of an 83% stake in the Alta Vista Company for a combination of CMGI common equity, preferred stock and a note

Advised Diageo on the sale of The Pillsbury Company for $5.1 billion in assumed debt and $5.4 billion in stock to General Mills.

(subsidiary of Diageo plc) Advised Diageo plc on sale of Burger King Corporation restaurant system.

Advised The Charles Schwab Corporation on the sale of its British pound sterling brokerage business, to Barclays PLC.

(subsidiary of Ingersoll-Rand Co.) Advised Ingersoll-Rand Company on the divestiture of its Dresser-Rand business unit, a supplier of steam and gas turbines, for $1.2 billion to First Reserve Corporation.

Provided financial advisory services and a fairness opinion to Archipelago Holdings, Inc. in its definitive merger agreement with the NYSE to create the NYSE Group, Inc

Advised the special committee of 7-Eleven, Inc. in connection with its evaluation of an unsolicited tender offer commenced by Seven-Eleven Japan Co., Ltd

(Ink and Adhesive Resins business) Advised Akzo Nobel N.V., a global leader in coatings, chemicals and healthcare on the sale of its Ink and Adhesive Resins business to Hexion Specialty Chemicals Inc

(a wholly-owned subsidiary of Kelda Group plc) Advised Kelda Group plc on the sale of Aquarion Company, one of the largest investor-owned water utilities in the US