Resolution terminates talks with Phoenix

Acquisitive insurance group Resolution, which has recently been the subject of press speculation over the possible acquisition of Phoenix Group Holdings, has confirmed that talks have terminated.

Acquisitive insurance group Resolution, which has recently been the subject of press speculation over the possible acquisition of Phoenix Group Holdings, has confirmed that talks have terminated.

The firm said that it did investigate the company and entered into talks with both Phoenix and its lending banks, but the transaction was not deemed suitable.

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