Maeve Dineen: Merger a timely lesson we must adapt in order to thrive
THE IMF's arrival in town overshadowed everything last week, but there was one piece of good business news that went virtually unnoticed: Greencore's announcement of plans to merge with UK-based Northern Foods.
While many of Northern Foods' products could easily give you indigestion if eaten in large quantities, the merger itself was well-digested by the markets and makes a lot of sense. That probably explains why the share price of both companies has soared.
Most so-called mergers are takeovers or rescues in disguise, but last week's announcement appeared to be the real deal.