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Cue easy merger talk.
"I can't believe, if you go down the ranks of the airlines' three unions, that this is going to be an easy merger," said the lawyer, who insisted on anonymity.
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In fact these "easy" mergers have proved harder than people expected.
The exchanges suggest regulation will be easier post-merger, so the deal supports financial stability.
The Easy Taxi/Tappsi merger will combine two of the top three taxi app players in the LatAm region, the pair said today, noting that their shared user base now exceeds 25 million downloads, and the number of drivers collectively hits half a million.
Industry sources suggest that other, smaller parts of the European industry, such as Alenia, an Italian aerospace concern, will join in.Working together may not prove easy, as defence mergers in America show (see article).
For these cultures to meet in the middle will take time and the acceptance by both sides of new approaches.One thing that has made the merger easier is that neither company conformed entirely to the American or Teutonic stereotypes, particularly at the level of top management.
That is no easy task since airline mergers are often rocky — involving complex technological systems, big reservation networks as well as large labor groups with different corporate cultures that all need to be combined seamlessly.
Until now Germany, in particular, has thwarted attempts to make cross-border mergers easier.
Mr. Hovenkamp notes that despite tougher antitrust rhetoric from President Obama, the revision actually made it easier for proposed mergers to pass muster.
It may also be easier to arrange mergers of publicly traded exchanges, especially in Europe, which is saddled with too many bourses.In this section No exit?
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