SQL: Merge Date Ranges

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I've a table, which describes work slices of a business working calendar: (date format is 24 hours format)

PK  | STARTDATE          | ENDDATE
__________________________________________
1   | 2012/07/21 02:00   | 2012/07/21 04:00
2   | 2012/07/21 03:00   | 2012/07/21 10:00
3   | 2012/07/21 06:00   | 2012/07/21 17:00
4   | 2012/07/21 18:00   | 2012/07/21 19:00

Now, I like to merge the date ranges (within a given start and end date) like this:

PK  | STARTDATE          | ENDDATE
__________________________________________
1   | 2012/07/21 02:00   | 2012/07/21 17:00
2   | 2012/07/21 18:00   | 2012/07/21 19:00

Is there a way to do this with SQL97 standard? If so, what is with other operations (e.g. if I want to to an invered merge, the result should be

PK  | STARTDATE          | ENDDATE
__________________________________________
1   | 2012/07/21 00:00   | 2012/07/21 02:00
2   | 2012/07/21 19:00   | 2012/07/22 00:00
3 Answers
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