The public announcement on Sunday April 6 of an intended merger between Bankers Trust and broker Alex Brown came a week earlier than planned. It had to. Rumours of a deal were beginning to spread. Earlier that weekend, Alex Brown salesmen were in Florida with the firm’s chief executive, AB “Buzzy” Krongard, for a morale-boosting get-together. Krongard was surprised to be approached by an excited employee expressing enthusiasm about the merger talks.
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