91. The suit seeks to block the merger and contends that the board breached its duty in negotiating the arrangements. 92. There were reports in the trade publications Adweek and Campaign that True North executives were considering legal action to block the merger. 93. Those hurdles are not likely to block the merger altogether, analysts said Tuesday. 94. This corporate one-upmanship raised the ire of the Federal Trade Commission, which voted in March to block both mergers. 95. Thus to block the merger, Justice would have to prove in court that Bell Atlantic would become a future competitor of Nynex, a difficult burden. 96. To be sure, the Justice Department could block any merger that it felt would hinder competition. 97. Walter Hewlett, the dissident HP director who is waging the proxy fight to block the merger, argues that it would be a financial disaster for HP. 98. Wednesday, News Corp. filed a federal lawsuit against Time Warner, asking a judge to block the merger. 99. When Canadian Finance Minister Paul Martin blocked the mergers, the bankers devised alternative plans. 100. While it rarely blocks mergers outright, it often imposes conditions on companies to guarantee more competition. |