Finance & Stock Market News

BRIEF-Friends Provident rejects Resolution offer

Mon, 27th Jul 2009 07:56

LONDON, July 27 (Reuters) - Friends Provident Group PLC:

* REJECTS REVISED PROPOSAL FROM RESOLUTION

* SAYS THE TERMS AND STRUCTURE OF THE RESOLUTION PROPOSAL REMAIN WHOLLY INADEQUATE

* SEES NO BASIS FOR FURTHER ENGAGEMENT WITH RESOLUTION AND HAS TERMINATED DISCUSSIONS

((London Equities Newsroom; +44 20 7542 7717))

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