61. Any merger would have to be approved by the federal Competition Bureau. 62. Asked about these estimates, Anwar said the Government would take heed of them but emphasised that the record showed that previous mergers had not resulted in retrenchments. 63. Before the press conference, sources said they were prepared to answer how the merger would have nothing to do with forming a monopoly. 64. Experts said the Hana-Boram merger would have a positive effect on the banking system, because both are relatively healthy banks. 65. Experts said the Hana-Boram merger would have a positive effect on the banking system because both are relatively healthy banks. 66. For consumers, the gargantuan merger will have little short-term impact. 67. Officials said the proposed merger would not have a timetable given the domestic limitations on the mainland banking sector and the impact of the Asian financial turmoil. 68. Supermarket mergers have also had an effect, as distribution centers are consolidated, closed or moved, according to food bank officials. 69. The Globe-Islacom merger has the support of Singapore Telecom International, a Globe shareholder. 70. The merger would still have to obtain approval of both New York state and federal banking regulators. |