31.   The deal calls for GKN to fold its industrial services division into Brambles, and for the combined entity to trade on the London and Australian stock exchanges.

32.   The executive arm of the European Union is examining whether the combined entity would strangle competition in Europe.

33.   The merger agreement provided that shareholders of each company would own half of the combined entity, meaning that Phone.com is paying a premium to Software.com shareholders.

34.   The newly combined entity is a hybrid in that it will have earnings, unlike may Internet companies, but will carry no debt.

35.   The newly combined entity will be called WebVan and will concentrate its efforts on competing head on against traditional brick and mortar grocery stores.

36.   The two brands will remain separate, but the combined entity will be overseen by a nine-member board.

37.   Thus, Goldman would insist on a difficult reverse merger in any linkup with a big commercial bank, putting its own executives in control of a combined entity.

38.   Tumazos, however, said Cyprus and Asarco shareholders might be persuadeded by management to give the newly combined entity a chance on its own.

39.   Vodafone and Airtouch will have an equal number of seats on the board in the combined entity and senior management positions will be equally shared.

40.   Will the combined entity of Exxon Mobil eliminate the rebates that provide half of his profits?