TITLE

Resolution preparing a new bid for Friends and an offer for Pru

AUTHOR(S)
Blackmore, Nicole; Cossick, Samantha
PUB. DATE
July 2009
SOURCE
Money Marketing;7/16/2009, p2
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of Resolution Ltd. to revise its bid for Friends Provident PLC and provide its initial proposals to Prudential PLC in Great Britain. Resolution is planning to offer Prudential the initial proposal rejected by Friends and is revising the bid to fully acquire Friends. The acquisition scheme has driven by the investigation and disciplinary action conducted by the Financial Services Authority (FSA) on Resolution.
ACCESSION #
43515960

 

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