Worse, a proposal for new merger guidelines proved so garbled in its central definitions that it had to be withdrawn.
In similar statements, Alcan and Pechiney said today that they would resubmit their proposal for a merger.
A proposal for a merger between General Electric and Honeywell, announced in October 2000, was cleared by America's Department of Justice but blocked by the European Commission the following year.
Plans for the bid, which Mr Gent launched (on the telephone, of course) while watching a cricket match in Sydney, had been laid the previous year, after Vodafone had approached AirTouch with a proposal for a merger of equals.
On behalf of DISH Network Corporation ("DISH"), I am submitting this proposal for a merger between DISH and Sprint Nextel Corporation Sprintnt").
Last year, Carver's board rejected Mr. Cohee's proposals for a merger with Carver, which has been under pressure from unhappy shareholders to improve its financial performance.
Mr. Chahine said in an interview that Avigen had received seven proposals for a merger, some of which might have provided a greater return over the long run than liquidation.
Governor McGreevey, who set the deadline last Tuesday, said that a swift decision was necessary to get a $2 billion bond proposal for financing the merger on the ballot next November.
With rare exceptions, STP proposals for wholesale mergers between acute trusts are likely to be rejected.
Fears about opposition from Mr. Monti also led two aluminum companies, Alcan Aluminium of Canada and Pechiney of France to withdraw a proposal for a three-way merger with the Alusuisse Lonza Group of Switzerland.
