Aviva spurned in UK global powerhouse bid
The much touted tie-up between UK insurance giants Aviva and Prudential saw the former's written proposal rejected by the Board of Prudential over the weekend. However, the Board of Aviva said today the issue was now open to Prudential's shareholders to decide.
Aviva is only prepared to proceed with the proposal on a recommended basis. However, Prudential has rejected the proposal and has informed the Board of Aviva that it is not prepared to enter into
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