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Topics: The Money Portal
IFA The Money Portal (TMP) today revealed it is in exclusive talks about a possible takeover that it says "will enable the businesses to flourish".
It says it entered into discussions on Monday with a "well capitalised" entity that is neither a competitor or product provider.
Chairman Mark Tennant says he felt compelled to comment on the situation as a result of escalating rumour and speculation.
"The Board believes this to be a very positive development for the business and I look forward to being able to tell you more in the near future," Tennant says.
TMP comprises national networks Burns Anderson and Sage, national IFA Bates Investment Services and execution-only brokerage Willis Owen.
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