Royal Liver/London takeover talks move to next stage

The non-binding "heads of terms" signed last week will provide the basis for a transfer agreement of the assets and liabilities to Royal London, Royal Liver says in a statement. Both companies will now carry out due diligence to decide whether a deal would be in the best interests of their respective members. No final proposals for the transfer have been tabled for the Royal Liver board to consider. Finalised proposals are expected to be put before a Royal Liver delegation for approval at a Special General Meeting planned to take place later this year, once they have gained recomme...