21.   Douglas said a merger makes sense because both companies specialize in the middle to high-end market.

22.   Did this merger make any sense?

23.   Experts were divided about whether the merger would make sense.

24.   Home Federal Chairman and CEO Stanley Bailey said that he has been in discussions with First Nationwide since September and a merger made sense.

25.   However much business sense these mergers make, it is hard not to mourn the loss of diversity they augur.

26.   If completed, the merger would make BP the largest company in Britain, supplanting the pharmaceutical manufacturer Glaxo Wellcome.

27.   In other words, a merger can make sense on paper but not succeed unless it is executed well.

28.   In recent times, however, mergers have made banks more specialized in nature, with some emerging as student loan specialists.

29.   In some ways, of course, the merger makes a lot of sense.

30.   Ironically, Theurkauf said the merger might in fact make Ahmanson a more attractive takeover target.