Clive Cowdery’s Resolution investment vehicle is targeting a larger-than-expected initial acquisition in the £5bn-£7bn price range, using its shares to help fund part of a deal. The price range puts most of the UK listed life and pensions sector within reach of Resolution – apart from the two largest, Prudential and Aviva – after Resolution raised £600m in its December listing. Cowdery said that using new shares to help fund deals would increase the size of the firm’s targets.

This entry was posted by Gwen Robinson on Wednesday, June 17th, 2009 at 5:30 and is filed under Capital markets, M&A, People. Tagged with resolution. Edit this entry.