'Assuming it is consummated, we expect the deal to be tightly complementary, to generate good synergies, and to be solidly earnings accretive.

'A risk undoubtedly remains that the deal may hit a hitch. However on balance it seems more likely that it will progress satisfactorily.

'In addition to the attractions of the deal, this morning's announcement should dispel some of the concerns around strategy which focused on the rather dull IMS earlier in the week.'

Story provided by Business Financial Newswire