Banks blame risks of getting deal done and restructuring costs for failure of six weeks of high-level negotiations
Germany’s two biggest banks, Deutsche and Commerzbank, have scrapped their plans to merge – a deal that would have created the eurozone’s second biggest bank – saying the risks and costs were too great.
The two banks said that nearly six weeks of high-level negotiations about a tie-up had ended in failure, a move that immediately raised questions about the future of the Frankfurt-based rivals.
Continue reading...from Mergers and acquisitions | The Guardian http://bit.ly/2L59Gdi
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