Industry watchers seem caught off guard by the deal, and several don't see a clear rationale for the combination.

FORBES: Magazine Article

We don't have the capacity to just send our troops in anywhere we decide, without good intelligence, without a clear rationale.

CNN: Transcript of Thursday's Democratic presidential debate

And I feel very confident that when the American people hear a clear rationale for what we're doing there and how we intend to achieve our goals that they will be supportive.

WHITEHOUSE: President Obama and Prime Minister Singh Press Conference

An EIS union spokesman said it was not convinced that the bill addressed existing governance problems and said the regionalisation programme seemed to be driven by "economic reasoning rather than a clear education rationale".

BBC: students doing exams

Now, "there's not a clear logic or rationale for her candidacy, " Harris says.

NPR: Analysis: Clinton Lacks Clear Path to Victory

Soft drink firms AG Barr and Britvic have claimed there is a "compelling rationale" for regulators to clear their proposed merger.

BBC: AG Barr and Britvic make case for merger

The rationale for a cut in eurozone rates seemed clear, the danger of the world slipping into recession or even depression was too high and the ECB should act.

BBC: Sniffing out an ECB rate cut