Summary
THE phoney war for Resolution is likely to end this week as details of the life insurers proposed merger with rival Friends Provident are sent to shareholders and a bid battle breaks out for the firm.
After the detailed circular is sent to shareholders, rival insurers Pearl and Standard Life are expected to make a bid for Resolution, which will be hurried along by its put-up-or-shut-up challenge issued last week. On Friday, Resolution asked the Takeover Panel to set a timetable for Pearl and Standard Life formally to declare their intentions.See the full content of this document
Extract
Resolution Phoney War Over
It is hoping the Panel will set a ...
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