Resolution has withdrawn its support for a takeover bid by Standard Life and Swiss Re. The move f...
Resolution has withdrawn its support for a takeover bid by Standard Life and Swiss Re. The move follows a bid by Pearl for the life insurer late on Friday and the raising of its stake in Resolution to 24.2%. Resolution said it was still interested in tying up with Standard Life and Swiss Re, though in the circumstances it could no longer recommend the bid tabled last week. "In light of the fact that Pearl now holds approximately 24% of Resolution's issued share capital, Resolution does not believe that the offer from the Standard Life/Swiss Re consortium is capable of being implemented w...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
