But if the deal is a cross-border merger, and the target is French, stand by for fireworks.
ECONOMIST: Mergers and acquisitions
One cross-border merger is hard enough: two look like recklessness especially given France's prickliness over both job cuts and foreign raiders.
ECONOMIST: Aluminium
Indeed, they must do, if a cross-border merger is to work.
ECONOMIST: Mercedes goes to Motown
This only happens when the merger has cross-border implications.
BBC: Is Mandelson a match for Murdoch?
As for Commerzbank, major shareholder Cobra investment group has already indicated that the end of the merger will almost certainly mean a cross border deal for its subsidiary.
BBC: A European merger wave is coming
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