Irish Life has exited the race to acquire Ireland’s biggest stockbroker Davy. The move comes as potential bidders near the deadline to submit first-round offer letters at the end of this week. Irish Life, which is owned by Great-West Lifeco, a Canadian firm, has been repeatedly reported to be among the potential bidders for Davy. Irish Life did express an initial interest in Davy, but it is not going to submit a first-round offer to acquire the firm. Irish Life declined to comment when contacted. The Currency understands that there are two reasons why Irish Life was not interested in…

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