41.   The merger may take another year to consummate.

42.   The merger will take some time because the banks have different computer and distribution systems, the banks said.

43.   The merger will take some time because the banks have different computer and distribution systems, they added.

44.   The mergers take effect on Friday.

45.   The proposed merger takes advantage of rules that allow commercial banks to operate alongside smaller securities companies and, for up to five years, insurance companies.

46.   The Singapore bank said if the merger takes place as planned, the merged operations will be pubicly traded.

47.   The two then outlined how the merger would take place.

48.   There could be substantial layoffs if Compaq and Enron mergers take place.

49.   There are perceptions along Madison Avenue that the merger is taking a long time to jell, and the defections of some employees and clients are feeding those perceptions.

50.   While the merger will take much hard work to pull off, she said, the company will benefit from it.