"The board of Friends Provident will meet today to hammer out the final details of its long-awaited strategic review, which is due to be announced on Thursday. The struggling insurer is in talks with JC Flowers, the American private equity firm, over a potential takeover, but is believed to be pushing for a higher offer."
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3261302.ece