Financial services software and consulting company Focus Solutions Group plc has agreed to a 140p per share recommended cash offer by life insurance major Standard Life plc.
The offer values Focus at around 42m and represents a premium of 33.3% to the closing price on November 8, before talks were announced.
http://uk.ibtimes.com/articles/20101207/standard-life-to-pay-42m-for-focus-solutions.htm
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A good move for Standard Life? Who knows, it’s a relatively small price and acquisition for the insurance market, even in these recession hit times.
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