STANDARD LIFE IS bracing itself for a second round of takeover approaches after it emerged that Resolution - one of the companies already knocked back by the Edinburgh assurer - is considering a return to the table with a fresh offer, reports The Scotsman .
According to the paper, the mutual said on Tuesday it had received a string of offers in recent weeks - a development described by chief executive Sandy Crombie as "inevitable" as the firm nears the end of its two-year demutualisation programme. Crombie said most of the approaches were for "significant stakes" in the group, although Resolution is understood to have proposed an all-share merger. Standard rejected the Resolution approach, but The Scotsman has learned the spurned suitor is awaiting the opportunity to strike again. "The industrial logic is there," said an industry source, "a...
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