Regan Considers Bid for Royal & Sun Alliance

The HeraldJune 22, 2005

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Summary


FINANCIER Andrew Regan yesterday announced he is considering launching a takeover of Royal & Sun Alliance, the UK's second- biggest insurer, through his investment vehicle Corvus Capital, writes Ben Griffiths.

Royal & Sun shares finished 3%higher at 83.75p yesterday following a statement from Alternative Investment Marketlisted Corvus, which said it was in the preliminary stages of considering an acquisition of the insurer.

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Extract


Regan Considers Bid for Royal & Sun Alliance

Regan, who owns almost 30% of Corvus, is...

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