Friday, July 07, 2006

Post Magazine - NU parent Aviva admits new merger talks

Post Magazine - NU parent Aviva admits new merger talks: "NU parent Aviva admits new merger talks
Norwich Union's parent Aviva this morning confirmed that it is in discussions which may lead to it making another acquisition.
In a statement it confirmed it is 'in discussions with AmerUs Group, which may or may not lead to the acquisition of AmerUs. A transaction, if agreed, is expected to be funded from a combination of Aviva's internal resources, external debt and a market placing of Aviva shares.
'If a transaction is agreed, any equity placing will be accompanied by an update on Aviva's current trading.
'These discussions are consistent with Aviva�s stated strategy of pursuing value creating acquisition opportunities in key growth segments of the major global long term savings markets.' "