LV= panel initially rejected Bain Capital deal in favour of Royal London bid - reports
Execs sought further reassurances
LV= said the capital available for distribution is expected to increase by up to 40%
A panel representing holders of LV= with-profits policies initially rejected the £530m Bain Capital deal for the insurance mutual.
According to The Times, that committee only ended its resistance to Bain Capital's deal after LV= executives went back to the private equity firm to secure further reassurances that the representatives...
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