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BLG chief exec: Clydes deal is no rescue merger
They’ve got to bridge that PEP gap, either by making BLG people salaried, or getting rid of them. Because it’s a takeover Clydes would be in a position to sort that out. For Clydes to take out one of their main competitors, get their hands on the professional liability practice and a strong bulk practice, opportunities like that don’t come around very often.
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