Meru

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Meru

 

an active volcano in Tanzania (East Africa) in the Eastern Rift. It is composed of andesite and trachydolerite lavas and leucite-nepheline tuffs. The caldera, which is up to 1,300 m deep, is open in the east; near its western wall is an active cone, 3,669 m in elevation. The highest elevation is on the caldera’s western ridge (4,567 m). On the lower slope of the main cone are several secondary slag cones and craters. There are lakes ringed with lava on the eastern and southern slopes. Mount Meru last erupted in 1910. Shrub savanna and savanna forests grow on slopes with elevations up to 1,100 m; higher are secondary forests and plantations of tropical crops. Above 1,800 m are tropical rain forests, high-mountain meadows, and cliffs.

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Merus will fund the acquisition with available cash.
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Within MERUS, the Income Equity strategy continues as the flagship institutional product.
20 /PRNewswire/ -- Merus Capital Management has been chosen as an income-equity portfolio manager for a new asset management program developed by the Pershing Division of Donaldson, Lufkin & Jenrette Securities Corp.
Diamantis said that Merus Capital Management was named one of only two income equity managers for the program as the result of its successful Income Equity strategy which has produced outstanding results over the 10 year period ending September 1991.
Harold "Tim" Warner, president and chief investment officer of Merus Capital Management said that the success of Income Equity is based on the strategy's focus on the most fundamental indicator of a stock's value: The company's ability to consistently pay a dividend.