Friends Provident agrees to £1.86bn takeover

British life insurer Friends Provident today recommended a £1.86bn (€2.16bn) takeover offer by investment firm Resolution.

Friends Provident agrees to £1.86bn takeover
Tue, 11 Aug, 2009 - 09:29

British life insurer Friends Provident today recommended a £1.86bn (€2.16bn) takeover offer by investment firm Resolution.

Friends - which traces its history back to 1832 - agreed a deal after Resolution's fourth approach since early July.

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