FCA reportedly looking into Aviva and Friends Life merger
Advisors on the merger asked to disclose information after Friends Life shares rose 17% a month before the deal was leaked.
The Financial Conduct Authority is looking into leaks and abnormal share price rises a month before Aviva's £5.6bn bid for Friends Life was leaked in November last year, according to reports by the Financial Times.
The FCA has asked advisors on the deal to disclose whether they had any contact with anyone to discuss the merger ahead of the announcement in December, according to the article.
Friends Life's shares rose by about 17% in the month before the deal was leaked to the press, having
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