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Merrill's Petrie dish

23 October 2006 By Lauren Silva

The broker s acquisition of Petrie Parkman is its second foray into energy since Enron. On paper the acquisition makes sense. But boutiques have a tendency to disappear into the abyss. Given that one of the founders already abandoned ship isn t a good sign. But boutiques have a tendency to disappear into the abyss. It isn’t a good sign that one of the founders has already jumped ship.

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