"Life insurer Friends Provident was one of only four FTSE 100 stocks to end the day in the positive. It gained 5½ to 158p after JC Flowers confirmed The Sunday Telegraph's story that the US private equity group was considering a bid for Friends Provident after taking a 2.7pc stake. JC Flowers is rumoured to have made a 175p-a-share indicative offer for the life insurer, which is currently undertaking a strategic review after its abortive merger with Resolution."
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/01/22/cxmktrep122.xml
Tuesday, January 22, 2008
FP.
