"Friends Provident was weak following speculation that JC Flowers, the US private equity firm which submitted a 150p-per-share takeover proposal to the company late last month, may abandon its attempts to acquire the business if the life insurer refuses to enter into talks."
http://www.independent.co.uk/news/business/sharewatch/market-report-fki-surges-on-hopes-of-an-imminent-takeover-808187.html