Merrill dismisses merger rumou

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DAVID KOMANSKY, the chief executive office of Meill Lynch, yesteday dismissed talk that Wall Steet investment bank was heading fo an imminent mege with Chase Manhattan, the Ameican banking giant.

M Komansky told Wall Steet stock analysts yesteday that while management is not paid to stay independent, the fim egulaly examines mege poposals and has not seen anything ecently that "ceates value".