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That figure is now £1.6bn and the pair are merging out of desperation.
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It will merge out-of-work benefits and in-work support (pdf), so claimants should not feel they are taking a risk as they move from one system to another.
Bear will most likely be immediately merged out of existence as a public company.
Ultimately things worked out: only one substantial firm went bankrupt, although many were merged out of existence.
I assume that immediately after the acquisition is approved, Bear will be merged out of existence as a public company.
The new Louis Vuitton store will be in space once occupied by Manufacturers Hanover Bank before it was merged out of existence.
The D'Arcy name joins a lengthy list of venerable Madison Avenue brands that were recently merged out of existence, including N. W. Ayer, Lintas and Needham Harper Worldwide.
One of six community colleges in the CUNY system, the school was almost merged out of existence on more than one occasion.
Fabled firms, some more than a century old, have been merged out of existence (Bear Stearns, Merrill Lynch), gone bankrupt (Lehman Brothers), or sought asylum as commercial bank holding companies (Goldman Sachs, Morgan Stanley).
At GGK New York, an agency long ago merged out of existence, Wolf Rogosky told me the company had a responsibility to improve the life style of its employees.
Wayne Merritt, who was then the president of the bank (it has since been merged out of existence), said he could not discuss the loan because it was "Mr. Bush's private business".
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