Eugene David
...The One-Minute Pundit

Thursday, July 14, 2011

“Consistent with our strategy to create industry-leading shareholder value, we have concluded that two independent companies focused on their respective industries will be better positioned to pursue their individually focused business strategies,” Mulva said in a statement. ”Both companies will continue to benefit from the size and scale of their significant high-quality asset bases and free cash flow generation, allowing them to invest and create shareholder value in a changing environment.”

TRANSLATION: What the hell's the point of most mergers?

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