The merger should produce about 25 percent more gold by 1998, the company said.
Weill and Reed are quoted as saying the merger will not produce large-scale layoffs.
The merger produced a school of 109 boy boarders, which had fallen to only 63 by 1911.
Alcan has estimated that a merger would produce annual savings of around $250 million.
Creating a company with nearly $2 billion a year in sales, the merger would produce a powerhouse in trade and college publishing.
Friendly mergers, like those dominating the news today, produce consistently lower returns.
Most experts agree that the merger could produce savings of about $1 billion over 10 years, knocking a few percentage points off utility rates.
The merger produced the largest arcade operator in the United States.
A merger "would have produced a very strange animal," he said, because the media services agencies are "the antithesis" of each other.
It was calculated that the merger could produce £30 million extra profits in 1988, by creating the proposed new 'consumer goods group'.