Merger plans called off

Posted on November 1st, by editor in Caring Times. No Comments

Merger negotiations between property agents GVA Grimley and Donaldsons have been discontinued. When the proposed merger was announced in August, the two firms thought there would be a beneficial client and specialisation fit, but GVA grimley reports that a detailed review of client services, operational styles and staff overlaps had revealed problems which were believed to be insurmountable. GVA Grimley chief executive Michael Corbett said both parties now believed the strategic benefits of a merger would not outweigh the difficulties of integrating the two businesses. “While the merger presented an obvious business fit between two like-minded firms, this was insufficient to justify the merger,” Mr Corbett said.

Comments are closed.

Latest blog posts

When the chips go down . . .

By Caring Times editor GEOFF HODGSON

I have heard people say they couldn’t get by without their smartphone, and I suppose this must be true...

Loneliness behind the front doors

By Guest Blogger KEITH LEWIN

Last week SCIE issued its monthly ‘Briefing for Commissioners’, its focus is on social isolation which it correctly says “can...

The not-so-sweet sound of success

By Caring Times editor GEOFF HODGSON

Here’s one of my many gripes about marketing and PR people. It seems that nothing is done these days unless...