Slightly different view on this, Findex have only just completed...

Slightly different view on this, Findex have only just completed on their centric purchase which has meant over doubling their size in terms of staff etc. They have been trying to amalgamate systems process etc, whilst reducing staff and as on 1st of July will no doubt be rolling out new KPI's to all staff. They have their eye on CRH and see another bid come in, Their view is the synergies this company can add by size of Planning, Lending book and A whole new service of a national distribution of accounting services along with the up sell this offers is too good an opportunity to miss. They make an offer with lots of conditions initially to get into the mix, the other buyer pulls out and they then see an opportunity to slow down the process.

Unless their is something disastrously bad in the last 3 months trading, as they would already have seen interim's they know what they are buying and will be looking to rip out 25% of staff and costs straight away to make the numbers stack up anyway, so bad FY financials will only increase their bargaining position. after nearly 50 acquisitions these guys know what they are doing and looking for, and are just trying to up size the process form a couple of staff planning offices to large business as per the Centric purchase, which rumor has it they paid nearly double the next highest bidder.