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If this were a real corporate merger, Wall Street would already be discounting the share price.So the first question to ask about America's new Department of Homeland Security is whether the basic design (see chart) is the right one.
That agreement expires this year, and US Airways employees are not expected to receive shares as part of the merger Wall Street analysts said they expected both investors and regulators to approve it.
If investors are holding on to WorldCom in hopes of a blockbuster merger (Wall Street speculation has been rampant), such hopes were dashed for the short term.
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While American's executives say they do not feel threatened by industry mergers, Wall Street analysts have been displeased by the company's performance.
"We were very proudly proclaiming in the 1990's the merger of Wall Street and Main Street, with 85 million Americans having become investors," Mr. Grasso said.
"It's certainly very unusual" for a chief executive to be leaving in the middle of a merger, one Wall Street analyst said.
Pfizer's $68 billion plan to buy another big drug company, Wyeth, seems like just the sort of blockbuster corporate merger that Wall Street has been starving for.
BLOOMBERG NEWS NYSE Chief in the Spotlight | Duncan Niederauer, chief executive of NYSE Euronext, plans to outline a strategy for the company in the wake of the failed merger, The Wall Street Journal reports.
DealBook » T-Mobile and AT&T Seek Approval for Spectrum Deal | The phone companies filed a request for approval of a transfer of $1 billion of airwaves from AT&T to T-Mobile's parent, as promised as a result of the failure of the merger, The Wall Street Journal reports.
Mergers between Wall Street and Main Street banks helped American institutions compete with foreign rivals.
The relaxation of rules separating America's commercial and investment-banking industries has stimulated wild speculation of impending mergers on Wall Street.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com