H.F. Ahmanson & Co.'s decision to end its hostile pursuit of Great Western Financial concluded one drama but launched another, many analysts said Wednesday.

"The countdown has started on how much longer H.F. Ahmanson can remain as an independent company," said Charlotte A. Chamberlain of Jefferies & Co., Los Angeles.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.