U.K. Lawmakers to Probe LV= Takeover Bid by Bain: Guardian
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A group of U.K. lawmakers will investigate Bain Capital’s 530 million pound ($728 million) deal for Liverpool Victoria Financial Services’ savings & retirement and protection businesses, the Guardian reported.
Members of the parliamentary group are concerned about the impact the deal will have on the company’s members, the insurance industry and competition in financial services, Gareth Thomas, the Labour MP for Harrow West and chair of the all-party parliamentary group for mutuals, told the Guardian.