Standard Life expects more offers - papers 20th April

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...