Shareholder Go Ahead for Resolution Takeover: Pearl
Published / Last Updated on 30/01/2008
Shareholders have recently approved a takeover of Resolution by Pearl. As part of the takeover deal, Royal London has also agreed to purchase the Scottish Provident Brand.
The takeover acquisition is expected to take place on 4 February.
The Pearl Group triumphed over rival insurers Friends Provident and Standard Life to secure the takeover.
Our view
We are not sure whether the Resolution takeover by Pearl will be a good or bad thing for both groups. We suggest the takeover will merely consolidate their position.
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