Can anyone stop LV= being taken over by Bain – and why is it controversial?
The group’s board considered a similar bid from fellow mutual Royal London, which reportedly offered a similar amount to Bain. While the terms of the offer have not been disclosed, an LV=spokesperson claimed that members – particularly with-profits policyholders – would similarly lose voting rights and ownership status even if the deal with Royal London had been backed by the board.
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