Anglo ‘not ripe for takeover’

ANGLO Irish Bank is not ripe for a takeover according to leading analysts at stockbrokers Goodbody and Dolmen.

However, in notes to clients in recent days the stockbrokers gave conflicting advice on the shares with Goodbody advising clients to buy Anglo shares and Dolmen recommending a sell and a move into HBOS as providing more value at current levels in the European bank sector.

There has been market speculation following the move by Royal Bank of Scotland to take over First Active that Anglo Irish Bank may be the next target.