A clear message from last month’s LB100 report was that the merger of two firms that have ‘simply cuddled together for bodily warmth to escape the chill of the recession’ could be a defective strategy. However, it seems that the appetite for mergers between struggling firms in the mid-market shows no signs of slowing down.
It has even got to the stage where some firms are releasing press statements to confirm that they are in talks and will not discuss the mergers until a decision has been made. A string of firms have done this since Dundas & Wilson’s ill-fated dalliance with Bircham Dyson Bell a year ago.
