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Russell Jones & Walker acquired by listed Aussie firm Slater & Gordon

Debt might be extinguished, which may be a relief to those currently exposed. However, control has now been sold to a PLC which will demand results. Non performers will be more vulnerable than under the old regime. Smaller more profitable firms with good profit margins , and a brand / feeder, may become highly attractive to CMC's /ABS's. They will be cheaper, and provided sufficient cash is offered to the owners, these lifestyle businesses may just sell.

30-Jan-2012

6:09 pm