So who did orchestrate the BlackRock/Merrill Lynch alliance?

And another thing…

The announcement that BlackRock and Merrill Lynch were to merge their money management businesses provoked a positive market reaction and shares in both companies advanced.

But behind the scenes, investment bankers were ducking and weaving, trying to show this was a marriage made in heaven and that neither side was led up the garden path. The media departments were spinning away.

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