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PwC to work through “handful” of bidders for Keydata

PricewaterhouseCoopers has shortlisted firms in the race for Keydata business to “a handful”.

According to PwC the deadline for bids was this morning and administrators have now narrowed down the number of bidders to “a handful” to work through.

PwC says it is not expecting to make an announcement regarding these bidders today.

A spokeswoman says: “It’s no deadlines now, it’s just a case of working through the bids.”

PwC could not give any further information on the identity or the number of those on the short-list but said it was still confident of completing a sale this week.



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There is one comment at the moment, we would love to hear your opinion too.

  1. Ned naylor - IFA 16th June 2009 at 12:41 pm

    Snapping it up!
    If Keydata was in such difficulty, why are there numerous bids on the table so quickly to take it over?

    It would seem that all this trouble and distress caused to investors could have been avoided if the FSA had taken a more measured view of the situation and not acted hastily.

    The damage to market confidence has now been done, who is going to buy the firms products now and what is more, how can advisers rely on the structured product industry to provide what clients need.

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