Standard Life in £42m deal for Focus Solutions

first_imgTuesday 7 December 2010 3:04 am whatsapp Standard Life in £42m deal for Focus Solutions More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Standard Life has agreed to buy financial software company Focus Solutions Group for £42m, in a deal the insurer said would boost its customer services.Standard Life said that it was offering 140 pence in cash for each Focus Solutions share, representing a premium of around 9.8 per cent to Focus Solution’s closing share price of 127.50 pence on 6 December.Focus Solutions handles software and consultancy work for financial services companies.Its clients include independent financial advisers (IFAs), bancassurers, wealth managers and mortgage lenders, and Standard Life said that buying Focus would improve its range of products for customers and boost its retail bank business.“This strengthens the overall position of the group as the UK market for our propositions and services develops further over the next two years,” Standard Life Chief Executive David Nish said in a statement.Noble Grossart advised Standard Life on the deal, while Cavendish Corporate Finance and Capital SCF advised Focus. John Dunne Tags: NULL Show Comments ▼ whatsapp Sharelast_img

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