In early December, UK's Daily Express
, 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.
, 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.
Armie Margaret Lee
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