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Is the recent spate of industry M&As just a spurt of activity or a sign of things to come?
When you consider some of the deals going down it would seem the wider industry is awash with action, and that we should expect more. Witness, for example, GMAC-RFC’s purchase of Capital First, Challenger Mortgage Management’s 40 per cent stake in ASX-listed Homeloans Ltd, and just this week, the pending nMB and Mosaic merger.
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