Maeve Dineen: Merger a timely lesson we must adapt in order to thrive
Published 22/11/2010 | 05:00
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.