I am writing to let you know that a statement has been issued this morning confirming that the Boards of Friends Life Group Limited, our parent company, and Aviva plc have reached an agreement on the terms of a recommended all-share acquisition by Aviva of the entire
Friends Life Group.
This offer now needs to be approved by shareholders and also by antitrust and regulatory authorities before any transaction can be completed. This process is expected to take place in the first half of 2015.
We will keep you updated on the progress of this proposed acquisition and in the meantime it remains very much business as usual.
Thank you for your continued support and if you have any questions then please email us at [email protected]
Executive Chairman, SBG