1.   The company plans to merge its subsidiaries in the US.

2.   Another change would shorten the time they had to merge new subsidiaries with their primary businesses.

3.   Last month, Publicis announced that it would begin to sever its remaining ties with True North by merging a subsidiary, Publicis Communication, into Publicis.

4.   The Internet software publisher said it will merge a subsidiary with an affiliate of Oracle Corp., freeing up cash at Netscape for battling Microsoft Corp.

5.   Earlier reports had quoted Zahid as saying BSN planned to merge its subsidiary, BSN Finance Bhd, with two other finance companies.

6.   In that interview, he also said some subsidiaries might be merged to cut administrative expenses.