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Letter: Markets Do Not Always Prove Unerringly Accurate

March 8, 2020
Heiko Ziehms
Financial Times

In a letter to the editor, Heiko Ziehms discusses banks that trade below book value, the potential treatment of ‘badwill’ in M&A transactions involving financial institutions, and the use of market valuations in acquisition accounting.

Read the letter. (subscription required)

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