View more on these topics

Pearl agrees three-week extension to Resolution deal with FSA

Pearl and the FSA have agreed on a revised timetable for the Resolution acquisition deal to be completed which extends the deadline by three weeks.

The extension is to allow Pearl to finalise discussions with the FSA regarding
the timing of post-completion distributions of capital from the Resolution life
companies.

If no further time is required then the acquisition is expected to be effective in mid-March 2008.

Originally, the date for completion was set at February 18.

The revision to the timetable will not affect the 720p in cash per Resolution share due to shareholders under the terms of the acquisition.


Recommended

Indian summer

China seems to hog all the headlines, no doubt helped by hosting of the Olympic Games this year. In the investment world, there are now several funds that invest in China but, in contrast, there are very few funds that invest in a country which has just as much and arguably more potential – India. […]

Core benefits

Greater choice has become the expectation in everything we buy but too much choice can confuse us to the extent that it destroys our ability to make decisions. Tax wrappers are no different. When it comes to self-invested personal pensions and Isas, the investor has never had it so good.

Inaccuracies over FSCS powers

The letter in Money Marketing, headlined, Keep your nerve over claims, was an inaccurate account of the Financial Services Compensation Scheme’s powers and practices.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment