Exact(2)
Independent observers have given the merger high marks.
Under the current terms of the merger, high growth stocks would be traded under the rules laid out by Frankfurt, where the Neue Market has different listing requirements than does Britain's Alternative Investment Market.
Similar(58)
Tostem Inax, which sells for 78% of its post-merger high, is priced at 27 times estimated 2003 results.
Judge Vaughn R. Walker has ruled on cases involving newspaper mergers, high-tech corporate battles and the Bush administration's use of wiretaps without warrants.
"This shows that with the right facts, efficiencies can make a difference, even at first phase, and even in a horizontal merger with high market shares.
In a 1996 survey by Booz Allen & Hamilton, European and Asian managers awarded their American merger partners high marks for pre-bid skills, such as negotiating; the area where they did worst was in planning and executing the integration of the firms.
The talks also underscore a principal factor behind the mergers, the high cost of technology.
That message came through in several ways this week, in decisions by corporate boards to pursue mergers despite high valuations, in the determination of drivers to burn more gasoline regardless of near record prices, and in the assumption that consumers will gladly pay twice as much for the latest electronic playthings.
Some estimates put the failure rate of mergers as high as 70%.
U.S. stocks opened lower, amid several merger deals, higher oil prices and inflation concerns sparked by the latest economic news.
The chief executive of Hewlett-Packard has pulled off the biggest merger in high-tech history, vanquishing her bitter nemesis, a son of cofounder William Hewlett.
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