FP.

" Bankers said JC Flowers had indicated it could pay about 175p per share, valuing Friends at £4.1 billion. However, the board is understood to value the business at more than 200p per share. On Friday, Friends’ shares closed at 165p."

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3256185.ece