Summary
Prudential and Standard Life were drawn into takeover speculation yesterday after a leading player in the life insurance sector admitted to talks.
Resolution, which has seven million customers after buying up various closed life funds includin gthose of Birmingham-based Britannic, said it was in "very early discussions" with a number of parties concerning a range of options, including an offer for the company.See the full content of this document
Extract
Insurers in Talks Over Key Takeover
Shares in Resolution - an FTSE 100 stock - rose by four per cent while the Pru and Standard Life were also ahead as investors eyed consolidation in the sector...
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