MERGERS, like romance, can be infectious. When the air is filled with the happy endorphins of nuptials, it's hard to resist the urge to do the same. In fact, given the wave of proposed global mergers among exchanges in recent months, the Hong Kong Exchanges and Clearing Ltd, which is listed, felt compelled to state recently that it was also open to “strategic alliances”.
Of course, as reality dictates, mergers of this kind are tough to pull off. The “I dont want to be left alone” syndrome is barely enough reason to plunge into a commitment one expects to last a long time.
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