By Tom Winnifrith | Thursday 10 October 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Chesnara (CSN) announced earlier this week that it has conditionally (on regulatory and shareholder approval) agreed a £39.3 million acquisition of Direct Line Life, a UK-based life insurer which is currently owned by Direct Line Insurance Group plc and became substantially closed to new business in July 2011. A good move?
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