"JC Flowers has given Friends Provident until Friday to enter talks and made it clear that it will not raise its £3.5bn takeover proposal for the insurer. Friends Provident is sticking to its assertion that Flowers' proposal is not a basis for discussions."
http://www.independent.co.uk/news/business/news/friends-shares-fall-after-flowers-refuses-to-increase-16335bn-bid-809050.html
Tuesday, April 15, 2008
FP.
