According to a statement released today the acquisition, which had already been accepted by A&L shareholders on September 16 during a meeting with the High Court, has sealed the approval from the three parties.
M&G, one of the largest shareholders of Lloyds TSB and HBOS, has announced it will back the Lloyds takeover on its current terms.
AIG’s proposed sale of Alico will bring greater security to UK investors in Living Time, it is claimed.
The FTSE 100 index has fallen 7.85 per cent today, closing at 4,589, a low last seen in September 2004.
Insurance provider Scottish Provident has reduced the number of critical illness claims declined for non-disclosure to just 1.9 per cent during the first half of 2008.
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