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Headline

DAC Beachcroft posts £163m turnover in first post-merger results

Comment

This has strong points of comparison to the Clydes/BLG problem - dilution of earnings, increase in debt to put the merger into effect, reduction in choice for clients, hassle and uncertainty for staff (plus it seems a real terms reduction in salary). As others have said, these mergers put off the inevitable and only serve those high up the equity ladder.

Posted date

8-Feb-2013

Posted time

11:38 am

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