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The firm believes this deal will give it the scale to compete, and expects to wring "at least" $2bn in cost-savings out of the new company to boot.
Now, the firm is being liquidated under the Securities Investor Protection Corporation, the government-chartered fund set up to help protect investors of failed brokerage firms, to wring at least a small portion of the $50 billion that is estimated to have been lost by investors in the apparent Ponzi scheme.
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This is not a new subject of hand-wringing, at least for me.
"The legacy car industry is hand wringing at the moment," he said.
All this political activity has spurred at least a little bit of hand-wringing at the channels.
(After months of debate and hand-wringing at Unesco, a science prize sponsored by Equatorial Guinea was awarded in July).
A senior military source in Ukraine's capital said: "I would see a lot of hand wringing at Nato in Brussels".
The narrow margin, though, prompted some hand-wringing at Dinkins headquarters Tuesday night and some second-guessing yesterday by the Giuliani campaign.
The long hunger strike had caused much hand-wringing at the tribunal, where four defendants have died in detention, two of them after committing suicide.
The cutoff has caused hand-wringing at Japanese manufacturers, from giants like Toyota to tiny electronics makers, because the raw materials are crucial to products as diverse as hybrid electric cars, wind turbines and computer display screens.
Success for the campaign would bridge the divide between the fashion industry and its critics, which culminates in regular global hand-wringing at images of emaciated models during fashion weeks in London, New York, Milan, and Paris.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com