"It was a different story for life insurer Friends Provident, which gained 0.7 to 131.9p amid talk that JC Flowers, the US private equity house that is considering a bid for Friends, might be willing to pay more than its initial approach of 175p a share. While the board of Friends Provident has so far rebuffed Flowers' interest, analysts believe that shareholders could pressure the group to open talks."
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/02/12/cxmktrep112.xml
Tuesday, February 12, 2008
FP.
