Bank of Ireland is regarded as the front-runner in the race to buy Davy
Cardinal Capital, the multibillion euro investment firm founded by Nigel McDermott and Nick Corcoran, is out of the running to bid for Davy, as the deadline for first-round offers passed on Friday.
It is not clear yet just how many firms have submitted bids, but Bank of Ireland is regarded as the front-runner in the race to buy the stockbroking firm.
The bank is understood to have formally submitted an indicative offer to acquire Davy.
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Monday s breakouts: A booming housing market pushes this stock to a record high
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Tuesday s analyst upgrades and downgrades - The Globe and Mail
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Inside the Market’s roundup of some of today’s key analyst actions
Pointing to warmer-than-expected winter conditions through the fourth-quarter of 2020 and into 2021 as well as “strong” share price appreciation in recent months, Raymond James analyst Steve Hansen lowered his rating for
Superior Plus Corp. (SPB-T) on Monday, seeing a reduced projected return to his target price for its shares.
Market movers: Stocks seeing action on Thursday - and why
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