A Possible Pioneer Suitor is in the News Again
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Tuesday, January 18, 2011

A Possible Pioneer Suitor is in the News Again

In early December, UK's Daily Express reported that Resolution, an insurance-centric takoever group, was interested in making a bid for Unicredit's Pioneer Investments. [See MFWire's living timeline of the Pioneer auction for more details and history.]

Now a month has passed and it seems that the folks at Resolution are still mulling over the possibility.

Reuters, citing two unnamed sources, reported last Friday that Resolution is "considering a bid" for Pioneer. According to the article, Resolution was among the companies approached by UniCredit. The report also stated that Resolution has not done due diligence yet.

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