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Word: pebereau (lookup in dictionary) (lookup stats)
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...chairman Michel Pebereau, who is regarded as a maverick in the clubby world of French banking, hailed his plan as "the best possible for the French banking system," but Societe Generale and Paribas rejected the offer as unfriendly. Fighting to save their original merger, the two takeover targets promised an additional $280 million in savings to their shareholders, bringing the total to $1 billion, closer to Pebereau's pledge of $1.4 billion in "synergies" at the new bank...

Author: /time Magazine | Title: The Takeover Cowboys | 4/19/1999 | See Source »

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