The proposed takeover of TrigoldCrystal by Mortgage Brain is off and the rumour mill is in overload.
What are the impacts of the failed takeover? Who will come out best from the renewed rivalry? Who called the deal off - Mortgage Brain or TrigoldCrystal? Despite what has appeared in the press, I don't believe it was either party that called the deal off. The Office of Fair Trading (OFT) process they have been going through to date is fairly innocuous - it takes two to three months and costs around £20,000 to £50,000. Once the takeover bid was referred to the Competition Commission, the scale of the task in hand increased significantly. The process with the Competition Commission t...
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