Irish technology firms have a relatively poor track record when it comes to mergers and acquisitions, judging by the subsequent impact on cashflows, according to a new study by Goodbody stockbrokers.
An analysis of eight technology stocks concluded that while mergers and acquistions (M&A) activity is usually billed by management as taking advantage of market opportunity, in reality it can often be a defensive action.
Analysts Gerry Hennigan and Dan Cavanagh said that...
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