Renato Mota has an excellent history in getting deals like this done. The sheer size of IOOF now is frightening to it's competitors (those that are left), and if AMP falls over, then I sense a monopoly. I guess the ACCC could worry about this very real possibility. Regardless, I personally like the big ambitous move made here. If it pays off, then share holders will be in for some very profitable years ahead. (Mota did suggest it adds 20% to the earnings per share.) The integration will take some time. In terms of share price I am hoping the markets have already factored in the risks of the deal/increased debt/revolt by MLC advisors etc. Overall, I am bullish on this long term.
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