Wednesday 7 December 2016

Peter Flanagan: The bet has been made, but can Paddy Power's gamble pay off?

Published 29/08/2015 | 02:30

Paddy Power is known for its Ryanair-style publicity events including one outside the Houses of Parliament in London.
Paddy Power is known for its Ryanair-style publicity events including one outside the Houses of Parliament in London.
Betfair has featured Eamon Dunphy in its marketing campaigns in the past

Investment bankers can be a chatty bunch. The business world is full of stories about major deals finding their way into the public domain as a result of conversations among bankers.

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The phenomenon of "Merger Monday" came about partly because of deals being hammered out over the weekend, and partly because of the likelihood of a merger or acquisition leaking ahead of time increased greatly after the bankers had hit the bars of Mayfair and The City of London on Friday night.

The biggest Irish business deal in years, however, did not leak.

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