Potential acquisition of Stockdale Securities by rival

Talks are underway for Shore Capital, an independent investment small-cap company, to purchase Stockdale Securities, a rival broker. If the merger goes ahead, it will result in the second largest AIM specialist broker.
Shore Capital released a statement following media speculation of the acquisition:
“The Company confirms that Shore Capital Markets is in discussions regarding a potential acquisition of Stockdale Securities Limited. There can be no certainty that a transaction will be concluded and a further announcement, as appropriate, will be made in due course.”
The consolidation reflects the tendency in the stockbroker industry for small and mid-cap firms to merge after the MiFID II regulations.