LONDON, Sept 27 (Reuters) - British life insurer Legal & General Group Plc has prepared a defence document to ward off a possible takeover approach from insurance tycoon Clive Cowdery's Resolution vehicle, the Sunday Telegraph reported.
The report, which did not cite sources, said advisors to L&G including Nomura and UBS had worked on the document.
Earlier in September a spokesman for Resolution, created last year by Cowdery to buy insurers and asset managers, said the vehicle's next acquisition would be a life insurer.
A spokesman for L&G declined to comment.
(Reporting by Matt Scuffham; Editing by David Holmes) Keywords: L&G RESOLUTION (matthew.scuffham@reuters.com; +44 20 7542 6734) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The report, which did not cite sources, said advisors to L&G including Nomura and UBS had worked on the document.
Earlier in September a spokesman for Resolution, created last year by Cowdery to buy insurers and asset managers, said the vehicle's next acquisition would be a life insurer.
A spokesman for L&G declined to comment.
(Reporting by Matt Scuffham; Editing by David Holmes) Keywords: L&G RESOLUTION (matthew.scuffham@reuters.com; +44 20 7542 6734) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
