filled in the gap, page-6

  1. 7,809 Posts.
    Resolution are the only other party (apart from the Osamond venture) that have come out so far expressing interest in the Closed Life business. They haven't made a bid, but U buyers have been betting they or someone else will.
    If the vote is NO at the meeting and no other bids are on the table then the price may drop, because the company has not freed the Insurance businesses up to the real predators, and we're back to square one.
    If the vote is YES then some unhappy speculators who bought even at todays prices will be burnt unless the 48% (shares they are left with)/ insurance business price takes off.
    Resolution said they would like a partner to share a HHG bid with, suggesting that the price Osamond is offering for the Life business is fair and reasonable, and the only way Resolution will get thier hands on the pie is if they find a partner to participate in an offer IMO.
 
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