cell A1 text cut off and merge won't fix it

I was able to get most of my cut off text to display by merging cells, but cell A1 does not seem to work right. It wraps instead of spanning the merged cells. This was in IE7 on this sheet:

http://sheet.zoho.com/public.do?docurl=71RfJPeSuAKixFdhBwLT2pbv7CcSCyzUhPgROB63C9w%3D&name=bfnmx%2BID02I%3D