Fear drove Household International’s decision to sell out to HSBC last month. Executives and advisers on both sides have done a good job of presenting the roughly $14 billion deal as an ideal strategic fit for both the US consumer finance company and the UK banking group. And so it may prove to be, although as a first step executives need to sweep away the rumours swirling around at the end of November that the deal was in danger of collapsing.
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