Report this comment to a moderator

BLG chief exec: Clydes deal is no rescue merger

I dont see the relevance of the private equity remarks. This is hardly a liquidity event for either party. I also dont see the relevance to this situation of any historic mergers between either firm's key clients (whom I assume are either insurance brokers or underwriters). I know nothing about this firm other than its trading margin has been poor over a prolonged period compared to its peers. It would have been interesting to see if the current management could have turned it around without reverting to merger.

7-Jun-2011

4:36 pm