The board of LV= said it will now move swiftly to reassess its strategic options

Reporter

Bain Capital’s planned takeover of LV= has been rejected by the mutual insurer’s members this afternoon.

Just over 69% of members voted in favour of the private equity giant's £530m acquisition, falling below the 75% threshold required for it to go ahead.

Sebastian McCarthy

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LV= members reject Bain takeover

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