Prebon/Marshall Merger On Track With New Share Deal
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LONDON--MW Marshall & Co last week resurrected the merger with Prebon Yamane. The deal is now scheduled for completion in April, says Patrick Keenan, a director at Prebon in London.
Earlier negotiations broke down at the start of this month due to issues arising from the stake British Telecommunications (BT) holds in Marshall.
BT would have held a 6 per cent stake in the merged company with board level representation, which would have given the telecoms group a veto on the future strategic
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