Boatmen's Bancshares is high on many lists of takeover candidates, but as months pass with no deal announced, some are starting to question whether the St. Louis bank is a viable target.

Earlier this month, Boatmen's stock price surged 10% to $44.125 as merger rumors resurfaced. Once again, analysts trotted out the names of potential acquirers - including Banc One Corp., Norwest Corp., BankAmerica Corp., and First Bank System Inc. Boatmen's declined to comment.

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