Merger
Royal London and Royal Liver have gone against the industry grain for mergers and acquisitions and decided to call a halt to discussions about merging, following the announcement in April that they were to discuss a possible combining of the two heavyweights.
In the middle of last month, the boards of Royal Liver and Royal London announced that previous discussions between the two parties had been terminated.
The reason for the termination was attributed to the board of Royal Liver concluding that, although the proposal from Royal London had considerable merits for its members, it felt that those interests would be better served by pursuing an independent strategy.
Both parties were eager to stress how early the talks were regarding the possible merger and stressed throughout the time that they spent in deliberation that they were cautious as to whether a deal would result.
This marks a different end to the other merger and acquisition saga that has been played out in the press recently after it was announced, last month, that Resolution is to merge with Friends Provident, creating Friends Financial.
