91.  But as part of the arrangement, MacMillan and his team took over management of the combined company.

92.  But an executive close to the Westinghouse side of the combined companies warned that the deal was just a day old.

93.  But by becoming one of the biggest mall developers, the combined company will gain a leverage in negotiating leases with tenants, analysts said.

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

95.  But GTE maintained that safeguards must be placed to ensure that the combined companies do not try to recapture divested MCI internet customers who also buy other MCI services.

96.  But he said that cost could be easily offset if the combined companies execute their business plans.

97.  But dissenters say Iwerks is paying too much and has not spelled out its strategy for a combined company.

98.  But how do the shareholders in the combined company fare down the road?

99.  But in the combined company, he will have to share the chief-executive spot with Solomon Trujillo, chairman and chief executive of U S West.

100.  But Luczo also said there were no plans for Conner to remain with the combined company, past an initial transition period.