Standard Life confirms it could bid for Resolution

In a statement, the firm says an offer would be subject to approval by the firm's board and made only if it was deemed in the best interested of Standard Life shareholders. It adds it could sell certain assets as a result of any offer. “Any offer would only be made if the Standard Life board considered it to be in the best interests of Standard Life shareholders," the statement reads. "There can be no certainty that any offer will be made.” An offer from Standard Life could derail Friends Provident's proposal, for which the Office of Fair Trading (OFT) gave notice on Monday. On Tuesday...