Fallout just beginning from failed SWS deal

PHILIP LYNCH’S decision to pull IAWS out of talks with SWS at the 11th hour could have serious implications for both sides.

Lynch pulled out because he saw the writing on the wall. To categorise this attempted deal as fraught with internal difficulties is an understatement.

The notion of two opposing camps fails to describe the disparity of views that had to reconcile to reach agreement, and with hindsight the move was probably doomed from the start.