DaimlerChrysler is a disappointment to investors so far, and the stock is close to its price on merger day.
In the same way, Verizon (in its pre-merger days, Bell South and GTE Corporation) landed on Working Woman's list of "best companies for working mothers" not long after employees had struck over the company's decidedly family-unfriendly use of mandatory overtime and other issues.
IN THE HECTIC energy-merger days of the 1980s — when Chevron bought Gulf, Texaco bought Getty and Boone Pickens threatened to buy just about everyone — the rationalization was: Its cheaper to buy reserves on Wall Street than to drill for them.
Mr. Lewis did not immediately disclose the losses to his shareholders, who had voted to approve the merger just days before.
Ladbrokes and Gala Coral are expected to complete their £2.3bn merger within days, after selling 359 shops to Betfred and Stan James to satisfy anti-monopoly regulator the Competition and Markets Authority.
Since almost any worthwhile merger these days is at a price well in excess of book value, it inevitably produces goodwill.
Still, the sentiment is appropriate in these merger-mad days.
This lucrative inertia is still there to be exploited: indeed, thanks to deregulation and mergers, these days it is much easier for Americans to stay with the same bank when they move house.But it has become easier than ever to switch between financial-services firms.
Wall Street is flooded with mergers these days, and the pros have only so much capital.
Media mergers these days are all the rage-witness Viacom-CBS and AT&T-MediaOne.
Following the administration's intervention in the Broadcom-Qualcomm takeover attempt, it isn't clear what will actually go through in terms of major mergers these days.
