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The revelations, which came just weeks before the merger was expected to close, prompted Bank of America to ask the government for additional help.
People involved in the negotiations said the merger was expected to yield about $1 billion in annual costs savings by 2002.
Examples include telecoms, retail, oil, chemicals and media.Moreover, American and US Airways compete directly on only 12 domestic routes which helps to explain why the merger was expected to win approval.
Similar(52)
The merger is expected to be completed next month.
The merger is expected to close in the second quarter.
The merger is expected to be completed sometime this summer.
If regulatory approvals are forthcoming, the merger is expected to be completed in the third quarter.... Allou Health & Beauty Care Inc.
The merger is expected to be completed before the end of the year.
The merger is expected to close in the fourth quarter this year, pending approval from regulators.
The merger is expected to cut out a mere SFr300m-350m a year within the next three years.
If approved, the merger is expected to save both companies $3 billion annually.
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