Thursday, April 28, 2005

CIMA Still Not Convinced

Roland Kaye, President of CIMA, is quoted as saying that currently an agreement has "not been reached" that meets CIMA's "requirements" for a "tri-partite consolidation".


"Discussions continue with the aim of agreeing a joint way forward. At the March meeting of CIMA's council, a set of working principles was agreed in order that a successful consolidation could be achieved."

Could someone tell me what these requirements are?

It will be useful to know what CIMA thinks is wrong with the merger plans.

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