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The two merging firms have big portfolios in Berlin.
The two merging companies had combined revenues of about $30 million in 1999, roughly $7 million of which came from Red Sky.
When two merging companies are required to divest themselves of certain divisions or factories, they are disposing of something they actually and clearly own.
A single board of directors will include Mr. Wren and Mr. Lévy and seven representatives from each of the two merging companies.
FRANÇOIS PÉROL, the adviser whom Nicolas Sarkozy, France's president, controversially appointed in February to head two merging mutual banks, is not known as a champion of transparency.
Its dramatic first scene in a Frankfurt office tower -- in which 16 managers of two merging pharmaceutical companies are blasted to pulp by a bomb -- raises the specter of terrorist acts directed at corporate wrongdoers.
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Only in 1795 were the two merged into one province.
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