Old Mutual Bid For Mutual & Federal Runs Into Resistance

Minority shareholders in South Africa's Mutual & Federal said on Wednesday they would fight an offer by the country's biggest insurer Old Mutual to buy them out, as they considered it too low.

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Minority shareholders in South Africa’s Mutual & Federal said on Wednesday they would fight an offer by the country’s biggest insurer Old Mutual to buy them out, as they considered it too low.

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