Summary
TWO British stockbrokers were acquired yesterday in deals that could signal the start of a long-awaited wave of consolidation in the UK's mid-cap broking sector.
Teather & Greenwood, one of the UK's leading stockbrokers, was snapped up for a generous-looking pounds-43m by Iceland's Landsbanki. The recommended deal will allow Teather to retain its name and management team and operate independently.See the full content of this document
Extract
Brokerage Deals May Signal Start of Sector Consolidation
Landsbanki described its breakthrough into the UK market as a "significant m...
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