LV=, the customer owned insurer, seems to have woken up to the fact that it may have a problem with convincing its customers to sell up to a private equity firm, Bain Capital, for 100 quid a pop.
As such, it has issued the snappily titled “Further Detail On the 2020 Strategic Review & How the Proposed Bain Capital Transaction Was Carefully Compared To Other Options”. Try saying that twice at speed.
The first, and most obvious, question for LV is why only now?
Join our new commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies