Friends Provident Rejects Pounds 3.Bn Offer From Flowers ; Life Assurance
Birmingham Post › April 01, 2008
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Summary
Life assurer Friends Provident yesterday confirmed it rejected a revised pounds 3.5 billion offer from private equity firm JC Flowers.
Friends said the proposal, worth 150p-ashare, "significantly undervalues" the company and represented no "basis for discussion".See the full content of this document
Extract
Friends Provident Rejects Pounds 3.Bn Offer From Flowers ; Life Assurance
The offer is less than the 175p-a-share New York-based Flowers was reportedly looking at in Ja...
See the full content of this document
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