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Fidelity appoints Grant Samuel as independent adviser for takeover bid

The Board of Fidelity Life has appointed Grant Samuel & Associates as an independent adviser for the proposed takeover bid from Tower, in accordance with the Takeovers Code.

Tuesday, October 12th 2010, 5:00PM 2 Comments

Grant Samuel & Associates will prepare an independent report on the merits of the offer.

If a formal takeover offer is made for the shares in Fidelity Life, the Board will send a copy of the independent report to Fidelity Life shareholders in due course, together with its target company statement, as required under the Takeovers Code.

 

« FMG sides with Fidelity Life in opposition to Tower offer Big boost in level sales recorded before tax changes »

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Comments from our readers

On 13 October 2010 at 12:16 am oscar d nail said:
i've got a feeling that the bid would be successful.
On 13 October 2010 at 2:18 pm Clever rabbit said:
I think you've mis-read the article. There's no indication that Tower's bid has been successful or not. There is a legal process under the Takeovers Code which both parties have to adhere to. These things take time.
Commenting is closed

 

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