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UK: Aviva, Friends Life shareholders vote for merger

By  |  March 26, 2015

Shareholders of British insurers Aviva and Friends Life voted on Thursday in favor of Aviva’s 5.6 billion pound takeover of Friends Life.

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    Aviva’s share price wobbled after the terms of the merger were announced late last year, as some investors and analysts worried about the size of cost savings and the marrying of a range of IT systems.

    But others said the merger made sense following UK government reforms that have put increasing pressure on pensions providers.

     

    Full Content: The Telegraph

     

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