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Nor would either deal create much new pricing power.
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"If I'd ever been in that situation I would have either dealt with it or removed myself from it," she said "I find all this quite uncomfortable.
It's not clear that the DOJ would approve either deal, although on balance the Microsoft deal is probably more likely to create a competitive environment.
Either deal would also face close scrutiny from regulators.
Either deal would have tied together a major seed and chemical producer with a huge grain processor.
Part of the attraction of either deal would be Alcatel's ability to reduce Lucent's debt with cash.
Either deal would seem to make a lot more sense than an outright merger of the two giants.
The most likely partner for either deal would be Kraft, which has a strong distribution network for its snack foods, Mr. Shore said.
As Sallie Mae, the student lender, wages a legal battle over its proposed $25 billion buyout, the chairman told investors yesterday that he remained confident that the company would either complete the current deal or walk away and find another buyer.
Trump has promised since the presidential campaign that he would either scrap the Iran deal or renegotiate it to make it more favorable to the U.S. Throughout the interagency review, Trump's top advisers urged him against scrapping the deal and warned him that other parties to the agreement were not open to re-litigating its terms.
If the Phillies did not make either deal, Martinez would have been a reasonable backup plan.
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