Friends Prov and Resolution: a marriage made in heaven?

In a joint statement, the firms say “a merger would create significant value for both sets of shareholders by combining Friends Provident's new business growth opportunities with Resolution’s strong cash flow generation”. The statement adds: “The potential synergies arising from a possible merger will reflect the already highly efficient nature of Friends Provident's back office processing and Resolution's recent outsourcing agreement with Capita”. The merger would extend to products, customers, distribution, financial profile and management. However, while Resolution's intentions appea...