WH Ireland has confirmed that its takeover talks with Blue Oar have dissolved.
The stockbroker announced on March 2 that it was in discussions with Blue Oar about a possible merger.
The deal would have seen Blue Oar’s shares valued at 9.66p each in a merger worth £16.2m.
At the time of the talks, Richard Ford, the chief executive of WH Ireland, said he saw Blue Oar as a good strategic fit with the firm’s existing institutional equities and private client wealth management business.
Blue Oar set to launch absolute return