Pearl 'could make merger move'

Life insurance firm Pearl Group could muscle in on an £8.6bn (€12.7bn) merger between rivals Resolution and Friends Provident, it was reported today.

Pearl 'could make merger move'
Mon, 30 Jul, 2007 - 08:52

Life insurance firm Pearl Group could muscle in on an £8.6bn (€12.7bn) merger between rivals Resolution and Friends Provident, it was reported today.

Pearl – Resolution’s biggest shareholder – is seeking a meeting with the board of the UK’s biggest owner of closed life insurance funds to table a £4.5bn (€6.6bn) bid, the Independent on Sunday newspaper reports.

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CourtsBusinessHeathrowPlace: UKPlace: CenterPlace: GlasgowPlace: BirminghamPerson: Hugh OsmondPerson: OsmondOrganisation: PearlOrganisation: Pearl GroupOrganisation: ResolutionOrganisation: Friends ProvidentOrganisation: Punch TavernOrganisation: Pizza ExpressOrganisation: FriendsOrganisation: Friends FinancialOrganisation: Capita
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