Irish business rarely does audacious takeover deals. Apart from Ryanair’s tilt at Aer Lingus in 2006, most M&A deals here pivot around the largest player hoovering up smaller marginal players – rarely are they a case of the number one and two in an industry coming together.
That’s why the revelation that Davy, the country’s largest stockbroker, might purchase the country’s second largest has triggered something of a psychodrama in both firms,...
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