The 22-year-old Merger Fund (MERFX), for example, is managed to "produce positive returns under a wide variety of market conditions".
His team's access to AOL's mobile app team in Palo Alto, Calif., Mr. O'Brien said, exemplifies the benefits of the year-old merger.
In 2007, Daimler and Chrysler unwound their nine-year-old merger, which never produced the global synergy that executives had promised.
The European Union's eight-year-old merger regulation says only that a merger which "creates or strengthens a dominant position shall be declared incompatible with the common market".
It also raises new questions about the survival prospects of Jurgen E. Schrempp, DaimlerChrysler's chairman and architect of the two-year-old merger of Daimler-Benz and Chrysler.
Kirk Kerkorian's fraud suit against DaimlerChrysler over the terms of its five-year-old merger will resume on Monday, after it was abruptly recessed last week.
The former Time Warner chief, Gerald M. Levin, dropped jaws last week by taking the blame for "the worst deal of the century," the decade-old merger of America Online and Time Warner.
HotJobs.com, the Internet's second-largest career site, gave TMP Worldwide, the parent company of Monster.com, an ultimatum yesterday: Surpass a $436 million unsolicited takeover bid from Yahoo within 72 hours or their six-month-old merger agreement is off.
By unwinding a nine-year-old merger between Chrysler and Daimler-Benz of Germany, Cerberus is also taking on Chrysler's $18 billion obligation for health care and pensions for employees and retirees.
But he declined to promise profits, or that the fruits of the five-year-old merger would finally bear fruit next year, only allowing that "whatever you do at a company is to make money".
