Summary
THE bid for Friends Provident sparks off the attempt by Resolution to restructure and remodel the life assurance industry that was foreshadowed here on 9 July.
However, it has run into flak. The target company has only recently come under the new management of Trevor Matthews, and its board is surely duty bound to try to give him a chance to show what he can do. Its case is not helped however by its desire to merge with an earlier version of Resolution not long ago, nor is it strengthened by the rather far-fetched proposal floated over the weekend that it might bid instead for Resolution.See the full content of this document
Extract
The Challenge Facing Friends
The key question Friends Provident needs to answ...
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