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‘The sharks start circling’: Dealmaking tie-ups raise spectre of culture clashes and talent exodus
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This year’s deal drought has sparked a flurry of high-profile mergers as big players have swooped on smaller rivals — but investment bank tie-ups rarely run smoothly.
Acquiring firms can spend hundreds of millions of dollars taking over what is essentially a stable of dealmakers, many of whom can walk out of the door as rivals smell blood.
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