Proceeds will be held in a restricted account, as terms include a mandatory redemption covenant tied to closing of the merger by Jan. 17, 2014.
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One explanation is that dual stewardship can smooth the passage of a merger by giving bosses from both sides a say in running the fused business.
SBC's buyout of Ameritech and the conditions placed on the merger by the FCC have changed the picture, says Zeke Robertson, an SBC senior vice president.
She had raised the issue referring to the "merger by fax" whereby the two institutes were given six weeks to respond to a proposal from the Scottish Funding Council that they merge.
Mordashov, perhaps mindful of the cool reception given in May to the Severstal merger by Arcelor's rebel shareholders, also confirmed his intention not to increase his shareholding in Arcelor above 33.3%, without making a mandatory tender offer to all shareholders--in accordance with Luxembourg law.
And in Poland the government is trying to block a banking merger driven by foreigners.
In April Gardner bought Airia, a French firm half its size, in a merger brokered by Airbus, Gardner's main customer.
Ratings agency Moody's responded to the merger news by placing the ratings of both companies on review for a possible upgrade.
Competition concerns have already scuppered one big deal in the industry: the three-way aluminium merger proposed by Alcan, Pechiney and Algroup in 1999.
The banks must complete their merger plans by the end of next month, and the six banks to take the leading roles have already been determined by fiat.
But the inevitable labor problems, computer meltdowns, stock price fluctuations and employee displacement (I lost a job in an airline merger, by the way) are steps on the path to an improved industry that better serves its passengers.
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For those who just came in, EchoStar outbid News Corp. (nyse: NWS - news - people ) for DirecTV, but still must get the merger approved by U.S. regulators over the fervent objections of an army of opponents, including the National Association of Broadcasters.
Other recent studies suggest that, the big disasters of 1998-2001 aside, the value created by merger activity may actually have been underestimated by economists.
These deals are usually arranged by companies in reverse-merger situations or by young public companies that want to raise cash right after an initial public offering.
Meanwhile, a small group of pilots has publicly raised objections to a merger, largely by suggesting that American pilots would lose seniority in a post-merger integration with US Airways.
Stockholders are urged to read the proxy statement when it becomes available and any other documents to be filed with the SEC in connection with the proposed merger or incorporated by reference in the proxy statement because they will contain important information about the proposed merger.
Boeing seems distracted by its recent merger binge and a surprising strike by usually tractable white-collar engineers.
The merger was welcomed by analysts, who thought it past time for Mr Kann to cut his losses.
The board of mining group Xstrata has recommended that shareholders back the merger terms offered by commodities trader Glencore.
There has therefore been no weeding out of capacity by merger or failure.
Two hospital trusts in Surrey have been urged to carry on talking despite a merger being halted by NHS bosses.
The Merger was ratified by both organizations' leadership and is effective immediately.
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In a global merger wave financed by equity, German firms have come to see their share prices as a currency to pay for acquisitions.
Banks aren't allowed to go past the 10% cap by merger, so Bank of America would have to run off certain deposits or sell them.
Speculation of a possible merger was exacerbated by the fact that Irene Rosenfeld, former Kraft CEO who now runs Mondelez, was chief executive of Frito-Lay back in 2004.
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If the merger is approved by regulators, the company plans to maintain its current hubs: Dallas, Chicago, Los Angeles, Miami and New York for American, and Charlotte, Philadelphia and Phoenix for US Airways.
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From that point on it was all HP -- the two companies negotiated from April 24 to April 28, when the merger was approved by Palm's outside accountants at Goldman Sachs and announced to the world.
Future American CEO Doug Parker, also speaking at the JP Morgan conference, acknowledged Monday that the carrier will not have as many routes to Asia as either Delta or United, which benefit from having acquired the Tokyo Narita hubs established by merger partner Northwest and defunct Pan American World Airways.
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The group began with not quite 100 employees and had 2, 500 by the merger's completion.
The consumer privacy implications of that merger are being investigated by the Federal Trade Commission.
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