It fears there would be a "real risk" the merger with Cardiff could leave a council remote and too large.
Announcing half-yearly results on October 2nd, he also said that Vivendi, which is in the middle of a high-risk $34 billion merger with Canada's Seagram, will henceforth become a model of good corporate governance, thanks to a series of measures designed to make shareholder votes fairer and to sweep away anachronistic restrictions on outsiders.
Their ranks are being swollen daily by refugees who are all too happy to remind them of the risks that mergers present, to both jobs and shareholder value.
"The risk with every merger is that you're bringing together a number of players with different backgrounds and agendas," she said.
The top firms tend to reinforce this impression by chasing all sorts of business, from risk consulting to merger advice anything rather than tabulating a company's books.
As a reward to employees, he put $21 million into a fund that paid a bonus of more than a year's salary to everyone at Loral headquarters and those senior division executives whose jobs were at risk in the merger.
As the first SDP MP to risk supporting a merger with the Liberals, he can legitimately claim to be one of the founding fathers of the Liberal Democrats, a sometimes uneasy political alliance between two traditions in which he always stood on the social democratic wing.
However, the ELSA → RRI metonymy also carries a risk: the envisioned merger of the ELSA-agenda (bent on promoting morally justified research) with innovation and industrial agendas may lead to silencing of critical, 'rogue' voices and outsiders in the debate, due to increased dependency on private sector parties and policy agendas.
Mr. Cuomo is investigating whether Mr. Lewis adequately disclosed the risks of the merger to shareholders.
Investors sued Porsche earlier this year for market manipulation and fraud, and Volkswagen said that the resulting legal tangle made it "impossible to quantify the economic risks of a merger".
