Betaville

UNCOOKED ALERT: Phoenix Group Holdings said to ... - Part 2

Betaville was chuckling to himself last night when he saw Bloomberg hacks claiming an "exclusive" story on Twitter last night revealing Phoenix Group Holdings merger with ReAssure.

Well, presumably these journalists missed yesterday's UNCOOKED Alert published at midday yesterday with a rather similar tale. Below is the link:..

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UNCOOKED ALERT: Phoenix Group Holdings said to ...

Phoenix Group Holdings, the London-listed life insurer, has come into focus amid talk it could soon be involved in an M&A transaction.

However, people following the situation said it isn't clear what type of deal Phoenix is working on.

One person following the situation had heard rumours a mystery buyer is eyeing a takeover of Phoenix, which specialises in buying up old books of life insurance business that other companies no longer want...

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