Pearl slams Standard Life bid again

The Hugh Osmond led company has already stated it will use its 24.18% stake in Resolution to block any moves from Standard Life. In a stinging attack on Standard Life, Pearl says: “Reversing a consistently stressed organic growth strategy indicates you have problems with your business.” “Launching a dilutive, value destructive bid is no way to deal with the problems,” it added. “Nor is launching a bid which is undeliverable and which could only become more value destructive if increased.” Meanwhile, Resolution Chairman Clive Cowdery says Resolution “is engaging with each consortium...