Word: mergers
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...Germanys are finishing work on a unification treaty that paves the way for the legal merger of the two countries. It is expected to be finished by late August or early September...
...rising interest rates that boost their costs at home and new international capital-reserve requirements that curb their lending abroad. In Europe, considered the premier expansion market in the 1990s, the European Community's July 1 deregulation of financial flows across most members' borders is expected to accelerate the merger movement in the Continent's highly protected banking industry. West German banks are also preoccupied with the beckoning market of East Germany...
...Continent took place in April with the joining of two longtime Dutch rivals, Algemene Bank Nederland (ABN) and Amsterdam- Rotterdam Bank (Amro). The pair forms Europe's sixth largest bank and the 19th biggest in the world, with combined assets of $184 billion and 55,700 employees. "A merger is necessary to operate worldwide and in the Netherlands," says Roelof Nelissen, Amro's chairman...
Last December McCaw Cellular Communications agreed to acquire New York City- based LIN Broadcasting for $3.4 billion. Then in February Contel vaulted from 13th to sixth among cellular companies by acquiring McCaw's Southeastern operations for $1.3 billion. After the GTE announcement, investors snapped up stocks of other likely merger candidates, including Southern New England Telecommunications, Lincoln Telecommunications and Rochester Telephone...
...page look at the future. Including -- The big merger: the West worries about paying for unity. -- Class of '56: voices from the rubble generation. -- The good life: Germans work hard at leisure. -- Decommunizing: Who will judge East Germany's former rulers...