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Another eight to 10 Scottish plcs will be taken over in packaging, ports and transportation, retail and broadcasting.
The published accounts of Irish plcs are a mixed bag.
There is a real pressure on public companies - the plcs - to keep the City sweet.
But Macdonald, the newest and at 40 one of the youngest CEOs among Scottish plcs , is no slouch.
If it succeeds, others may try to follow, and the exodus of talented management out of plcs into private equity might be slowed.
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