Bain Capital takeover loses crucial LV= member vote

LV= chair Cook to step down

clock • 3 min read
Bain Capital takeover loses crucial LV= member vote

The membership vote to sell mutual insurer LV= to Bain Capital has failed after too few members voted in favour of the deal at the Special General Meeting, leaving the firm's future uncertain.

While 69% of the 174,240 members present at the SGM voted in favour of the deal with the private equity firm, it fell below the 75% threshold required for the deal to pass.  "Although 69% of...

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