Pearl makes move for Resolution

LIFE insurance firm Pearl Group could muscle in on an £8.6 billion merger between rivals Resolution and Friends Provident.

Mon, 30 Jul, 2007 - 01:00

Pearl — Resolution’s biggest shareholder — is seeking a meeting with the board of Britain’s biggest owner of closed life insurance funds to table a £4.5bn bid, the Independent on Sunday newspaper reported.

Pearl, which declined to comment, is run by entrepreneur Hugh Osmond.

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CourtsPlace: BritainPerson: Hugh OsmondPerson: OsmondOrganisation: PearlOrganisation: Pearl GroupOrganisation: ResolutionOrganisation: Friends Provident
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