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24 Nov 2014 09:49
BUZZ-Phoenix Group: rises to year-high on Aviva-Friends Life merger talks
** Shares in life insurer Phoenix Group rise as much as 3.7 pct to a year-high after industry heavyweight Aviva said it could gobble up one of Phoenix's main rivals, Friends Life, at a 15 pct premium to its share price. ** Deal valuation gives Phoenix a lift. ** Canaccord Genuity ana
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