14-01-2021
Thanks to contributors on this thread. Some heavyweight analysis compared to the rubbish on a lot of threads.
Might I suggest that takeover synergies would not be the same in this industry as in others. It is the teams on the various desks that are important and how well the people in them work together. It is a tricky business to put two teams into one without problems. A takeover only makes sense if you can make sure that you will not ruffle too many staff feathers.