Summary
LIFE insurer Friends Provident yesterday recommended a pounds 1.86 billion 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.See the full content of this document
Extract
Friends Backing Pounds 1.85bn Takeover
The all-share deal values Friends at 79.4p a share but there will be a cash alternative f...
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