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The whole Quindell deal remains baffling. It was clearly a fire sale so why pay (any) value? There was no suggestion of any other party even bidding for parts. You would expect hard-nosed operators to wait for administration and to cherry-pick the carcass.

In the meantime S&G had only just acquired Pannone and Fentons. Integrating those businesses was always going to be a major piece of work.

Hubris?

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