Resolution Set to Accept Standard's Takeover

Evening Standard - London › October 26, 2007

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Summary

THE board of zombie fund Resolution was locked in discussions today as it looked increasingly likely it is to accept a Pounds 4.9 billion takeover from the pensions giant Standard Life in league with Swiss Re.

To the dismay of many of its shareholders, Standard Life was last night allowed to go past a Takeover Panel deadline and get in its cashand-shares offer for Resolution, the insurance group which is closed to new business.

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Extract

Resolution Set to Accept Standard's Takeover

That offer values Resolution's shares...

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