Next steps: LV= receives 'substantively different' Royal London offer

'No certainty a transaction will be agreed'

clock • 4 min read
One reason the takeover has been the most public takeovers of recent time was the speculation built up by Royal London and its reported attempts at a last-minute intervention into the Bain Capital takeover.
Image:

One reason the takeover has been the most public takeovers of recent time was the speculation built up by Royal London and its reported attempts at a last-minute intervention into the Bain Capital takeover.

Royal London has offered to reopen negotiations with LV= on a mutual merger after members of the latter voted down a takeover from private equity firm last Friday (10 December).

LV= said in a statement given to Professional Adviser that it had received an unsolicited preliminary merger proposal from Royal London. "The proposal, which is on a substantively different stru...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Your Business

True Bearing chairman George Critchley added: "The firms we have decided to buy have been run by people with the same down to earth attitude as ours, so it appears there is a good cultural fit. We value every pound that our investors trust us with." 

Chorley-based True Bearing AUM passes £1bn milestone  

The firm bought nine IFAs in 2022

clock 23 September 2022 • 2 min read
How financial advice firms can ride the expected 'wealth wave'

How financial advice firms can ride the expected 'wealth wave'

Nick Hall says a wave of wealth is approaching and says technology is the key to gaining ground

Nick Hall
clock 22 September 2022 • 2 min read
LoA and transfers remain a major issue in the industry

LoA and transfers remain a major issue in the industry

The Lang Cat finds letters of authority are taking six months

clock 20 September 2022 • 3 min read