It's a one-man board until Leo Quinn gets some new colleagues, he is arriving at a business where the chairman and finance director are leaving, two non-executive directors have gone and the suspicion has to be that the other non-executive directors want to go.

Stephen Rawlinson

Categorized in : Industrials

Operationally and financially the business seems to outsiders to be doing the right things, the markets remain positive and company now has a strong balance sheet.

Stephen Rawlinson

industrials

The risks look to be on the downside. by Stephen Rawlinson

The risks look to be on the downside.

Stephen Rawlinson

industrials

The market is likely to be neutral on the deal until the earnings improvements start to come through, though clearly at such rates the deal is earnings-enhancing from the start, it also begs questions about future disposals at Rentokil, given the clear strategic intention to be a global leader in pest control.

Stephen Rawlinson

mergers-acquisitions