IL&P get cold feet on Dolmen buyout amid credit crunch.

From: Irish Independent (Dublin, Republic of Ireland) | Date: April 23, 2008 | Copyright information

IL&P get cold feet on Dolmen buyout amid credit crunch

Bank wary of investors' reaction to scale of purchase

Irish Life & Permanent (IL&P) has shelved plans to add a stockbroking arm to its business by buying Dolmen Stockbrokers. It is understood IL&P took the view that a sizeable acquisition at a time when all banks are having difficulty getting capital in the markets would not play well with the investor community.

According to one source IL&P had...

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