Massive synergies. And a small 3 and 4 versus behemoth 1 and 2 isn’t real competition.

It’s hard to imagine a merger that would make more money.

They will have already gained a bonus and moved on to the next client.

There’s probably no breakup fee because it’s not a hostile takeover and they’re not “political enemies” of the Trump admin so the chances that it’s able to go through right now is the best it will likely ever be.

I think this is as much of a “throw shit at the wall and see what sticks” merger, but for the comapnies it makes perfect sense and it’s worth a shot.