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October 01, 2006

Reynolds and Universal in

Reynolds and Universal in $2.8bn merger
TMCnet - Historically, a smaller company like Universal, with 2,600 staff, might have bought Reynolds, which employs 4,700, in a reverse takeover as a cheap way to acquire a stock market quote. But tougher US regulations, including the Sarbanes-Oxley statutes

Rebirth for mutual bonuses
This is Money - THIS is proving to a be a good year for those with a relationship with the last mutuals . Standard Life has swapped its mutual status for a stock market quote, the Lambeth Building Society threw in its lot with the Portman and now the Portman itself

Posted by auctionbullet at October 1, 2006 07:48 AM