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Tue 14 July 2009, The Guardian
Friends tests the Resolution's resolve
By Nils Pratley
Clive Cowdery 's acquisition vehicle, Resolution , described the response from Friends Provident as "constructive feedback". What a cheery chap Cowdery is. In truth, Friends chairman Sir Adrian Montague was in destructive mode: he nailed down everything that is wrong with Resolution's takeover approach.