51.   All the numbers are not in from the current proxy season, but shareholders are clearly restless.

52.   Burlington Northern and Santa Fe shareholders are to vote on it at special meetings next week, then it goes to the federal governnment.

53.   But few Daimler shareholders have been willing to lend their shares, preferring to keep them and exchange them for shares in the combined company.

54.   But fundamentally, it boils down to whether analysts think shareholders will be better off with two monopolies or one.

55.   But Growth Company shareholders have been disappointed since that departure.

56.   But German banks have failed at repeated attempts to merge with one another, and shareholders have been skeptical about the benefits to be found in such deals.

57.   But Cogan remains a firm believer that Pioneer shareholders will be better off in the long run by keeping the two businesses linked rather than split.

58.   But if shareholders were disappointed then, they are furious now.

59.   But not all shareholders were that confident.

60.   But people briefed on the deal said the British parent company and other shareholders were likely to opt for stock and cash.