Pearl's upcoming £4.98bn acquisition of Resolution has been delayed by a further three weeks to allow for extra FSA discussion time.
The £4.98bn Pearl Group takeover of Resolution has been put back by two weeks to allow for a postponed scheme hearing.
Resolution shareholders this afternoon approved the £4.98bn Pearl Group takeover.
The Office of Fair Trading (OFT) has given the green light to the planned Pearl Group takeover of Resolution.
Resolution chief Clive Cowdery will dispose of his 3% stake in the company ahead of the planned Pearl Group takeover.
Pearl says it intends to create a "powerful new force" in asset management as soon as its forthcoming acquisition of Resolution is completed.
Resolution's planned takeover by the Pearl Group is set to be completed on 4 February.
The future of Bright Grey is secure even if its parent Royal London buys Scottish Provident, the firm pledges today.
The Resolution board has recommended the 720p per share Pearl offer this afternoon.
The Hugh Osmond led Pearl Group is almost certain to acquire Resolution after Standard Life yesterday gave notice to terminate its offer.