Salomon/Smith Barney Merger Announcement Fails To Garner Concern From Forex Industry
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Initial reaction in the hours following Travelers Group's announcement last week that it would acquire Salomon Inc, and form a Salomon Smith Barney Holdings subsidiary, was that any impact on the foreign exchange market would be minimal.
Rumours of a Salomon acquisition have been floating in the market for quite some time, so the announcement did not come as much of a shock, say market participants. Indeed, when Morgan Stanley and Dean Witter merged earlier this year, speculation began almost
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