Financial Times FT.com

Make or break time looms for Spacs

By Lina Saigol, M&A Editor

Published: June 14 2009 23:04 | Last updated: June 14 2009 23:04

It has taken him 16 months, but Nicolas Berggruen has finally found something to spend his money on.

The US investor is in exclusive talks with Hugh Osmond’s Pearl Group about a potential takeover of the life assurer.

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