Corvus drops RSA interest after resistance from insurer's management
Corvus Capital, the takeover vehicle of financier Andrew Regan, this morning confimed it has abandoned tentative plans to bid for Royal & Sun Alliance Insurance Group, as predicted by Post Magazine (PM, 16 June, p2).
In a statement this morning, Corvus said it had dropped its takeover proposal after RSA's management indicated that it would not support any offer."Corvus...would only have intended to proceed with an
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