41.   The companies said the merger would result in a ten percent reduction in the worldwide work force over the next three years.

42.   The minister said in a statement that the merger would result in a healthier bank.

43.   The merger should result cost savings in refining, marketing and transportation and more capital to fund worldwide exploration and production, the two men said during a teleconference.

44.   The merger will result in some layoffs to eliminate duplication, but Bollenbach said the company has not determined how many jobs will be eliminated.

45.   They feared the merger would result in mass layoffs.

46.   Unions fear the merger would result in massive layoffs.

47.   Traders sent Karstadt stock soaring as the two companies predicted a merger would result in considerable savings and strengthen both their positions in the consolidating retail sector.

48.   Without the sale of the hospitals, the merger could have resulted in higher prices, reduced services or both in the affected areas, according to the Commission.

49.   Banking unions have warned the merger would result in the closure of hundreds of branches and the loss of thousands of jobs.

50.   Chang conceded last November when the deal was announced that the banks had overlapping operations, adding he was unsure if the merger would result in layoffs.