Resolution says it has not taken its eyes off a merger with Friends Provident despite confirming it has received interest in the firm from Standard Life and Pearl Assurance.
The company says it was contacted by Standard and Pearl shortly after announcing a possible merger deal with Friends Provident at the end of July. However, in a statement published this afternoon, Resolution says it is committed to getting the best deal for its shareholders and makes clear it believes Friends Provident is the firm to provide that. “Resolution confirms that shortly after the announcement of its proposed merger with Friends Provident on 25 July 2007 it received Rule 20.2 requests from Standard Life and, subsequently, Pearl Assurance. “Resolution confirms that it has, and c...
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