Resolution sweetens Friends bid (Dealscape

Resolution Ltd. on Monday, July 20, sweetened its takeover proposal for Friends Provident plc, offering a cash component and a concession on the dividend to appease the life insurer's army of retail investors.

Clive Cowdery's Guernsey, Channel Islands-based financial services investor also offered to put Friends' management at the helm of any further life insurers the enlarged Resolution buys, adding that it had identified up to 11 takeover targets that were at least as large as Dorking, England-based Friends.

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NOT A SUBSCRIBER? Resolution sweetens Friends bid Posted on July 20, 2009 4:00 PM Resolution Ltd. on Monday, July 20, sweetened its takeover proposal for Friends Provident plc, offering a cash component and a concession on the dividend to appease the life insurer's army of retail investors. Clive Cowdery's Guernsey, Channel Islands-based financial services investor also offered to put Friends' management at the helm of any further life insurers the enlarged Resolution buys, adding that it had identified up to 11 takeover targets that were at least as large as Dorking, England-based Friends. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 929 in-depth reports of M&A deals in the Financial Services sector 61 articles related to Clive Cowdery 53 articles related to Resolution Ltd. 12 in-depth transaction records for Friends Provident plc 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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