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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.
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.
Tostem Inax, which sells for 78% of its post-merger high, is priced at 27 times estimated 2003 results.
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%.
But AAA, formerly the American Automobile Association, has worried that car buyers might end up paying for today's mergers with higher sticker prices for blandly similar cars.
"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.
Louisiana's primary economic driver, the oil and gas industry, has shrunk in the last two decades as corporate mergers sucked high-paying jobs out of downtown New Orleans office towers.
"The political will to support mergers is higher than it has ever been," said Katharina Barten, a senior analyst at Moody's Investors Service, who added that she expected consolidation to take several years.
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