Quinn horserace: Neck and neck, they stumble to the finish

If you’ve been following this mess of a story, you knew the bidding for Quinn would end in a slough of mud.

The Sunday Business Post Online reports that the Anglo Irish/Liberty Mutual bid won. The Irish Independent slaps that story down, noting that Anglo hasn’t submitted a final bid yet.

If that’s not confusing enough, the Quinn family, which fumbled the insurer away by pledging its assets to support the Quinn conglomerate’s other failing enterprises, swears up and down that it is included in the Anglo Irish/Liberty bid, though other parties have said nothing of the sort took place.

Meanwhile, there are other reports that Zurich’s bid is the winner.

Where will it all end? Well, in the U.S., a wacky transaction like this would end up in court, then a Michael Lewis book. But we’ll see.


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