RHG and Trust - M&A upswing

After four years of minimal activity, contested takeovers once again have hit the radar.

What do you get when you combine cheap money with under-geared balance sheets?

Answer: Mergers and acquisitions.

Within the first hour of trading this morning, the stakes again were raised in bidding wars for two financial vehicles, The Trust Co (TRU) and RHG Group (RHG), the rump of the old Rams home loan operation.

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