Old Mutual to proceed with offer for Skandia
This announcement and the information contained herein are restricted and are not for release, publication or distribution, in whole or in part, in or into the United States, Canada, Australia or JapanOld Mutual to proceed with offer for Skandia Old Mutual notes this morning's announcement by the Board of Skandia. Old Mutual remains of the view that in a consolidating financial services market the industrial logic of combining these two groups is compelling, providing prospects of enhanced growth with reduced risk for all shareholders. Old Mutual welcomes the publication of the independent