L&G's Suffolk Life takeover nearly complete

The fully-owned subsidiary of Legal & General, LGRI’s £15.75 per Suffolk Life share offer has now been deemed wholly unconditional. Settlement will be effected on or before 20 May for the Suffolk Life shareholders who have already validly accepted the offer, while remaining shareholders who agree to the deal will see payment within 14 days of acceptance receipt. Under Chapter 3 of Part 28 of the Companies Act 2006, LGRI is willing to acquire the remaining 4.5% Suffolk Life shares on a compulsory basis. “The board of LGRI announces that all of the conditions of the offer have now been sat...