Nine Months To Merge

摘要

Insurance company metlife was on the verge of committing to acquire Travelers Life & Annuity from Citigroup for more than $11 billion when on Jan. 30, 2005, about 30 top executives gathered at MetLife's Long Island City, N.Y., offices for a goo-go meeting on what would be the insurance industry's largest merger of the year. MetLife executive VP and CIO Steve Shein-heit and his due-diligence team initially estimated the time required for integrating the two companies' technology at about three years but had managed to crunch it down.