Word: mergerized
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...Securities and Exchange Commission (SEC) over Merrill bonuses. The SEC and Bank of America had earlier agreed that the bank would pay a $33 million penalty to settle an investigation into whether it misled shareholders about year-end payouts on the eve of a vote to approve the merger. As part of the proposed settlement, Bank of America neither admitted nor denied that it had done anything wrong...
...Bliss, Twizzlers and Ice Breakers, has long been touted as an ideal partner for Cadbury. A marriage would combine the Hershey, Pa., company's dominant position in the U.S. candy market with Cadbury's stellar role overseas to create an international powerhouse. The two have been involved in merger talks off and on for more than a decade, with Cadbury being the suitor. However, Hershey has always been the reluctant bride, with the company's Hershey Trust, which controls more than 75% of the company's voting shares, posing the biggest roadblock...
Mort Pierce, chairman of the merger-and-acquisition practice at Dewey & LeBoeuf, who recently handled the Disney-Marvel deal, says the company has a fiduciary responsibility to consider all options...
...While a merger or partnership could enhance Hershey's global growth prospects, it's not critical for the company's survival. Hershey still leads chocolate sales in the U.S., with a 40% market share...
Hershey spokesman Kirk Saville declined to comment, saying Hershey doesn't make statements on merger-and-acquisition issues...