fromIrish Independent
2 weeks agoPTSB buyer will 'have to significantly cut headcount and branches,' new analysis warns
A price of €2 a share would be lower than where the stock traded (€2.35 each) before its board announced the launch of a formal sale process led by Goldman Sachs on October 30. The shares shot up after that announcement and have hovered around €3.20 each since in anticipation a buyer would pay a premium to buy the bank as a whole. RBC points to what they see as tow big drags on the potential price.
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