Chevron-Texaco merger discussions stall

Article Abstract:

Merger negotiations between Chevron Corp. and Texaco Inc. have stalled. This development could mean the collapse of the proposed merger between Chevron and Texaco. Little progress has been made by both oil giants in the talks. It was previously reported that Chevron was engaged in preliminary talks to acquire Texaco for approximately $42.8 billion. Structure, valuation, leadership of merged entity, are also some of the issues that need to be agreed on before any merger takes place.

Comment:

Merger negotiations between Chevron and Texaco stall

Strategy & planning, Petroleum, Petroleum and Coal Products Manufacturing, Planning, Mergers, acquisitions and divestments, Petroleum industry, Abstract, Texaco Inc., Chevron Corp.

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Greenhill boutique snags banker from rival firm

Article Abstract:

Michael A. Kramer, a veteran restructuring banker with Houlihan Lokey Howard and Zukin, has left the firm to join Greenhill and Co. The 32-year old Kramer will lead Greenhill's plans to develop its restructuring operations.

Kramer, Michael A., Greenhill and Co., Houlihan Lokey Howard and Zukin Inc.

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Merrill Lynch officer to retire

Article Abstract:

Merrill Lynch and Co.'s global markets and investment banking chief, Arshad Zakaria, will retire from his post. Zakaria will leave his post by the end of 2003.

Banking industry, Merrill Lynch & Company Inc.

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