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Pension board in price site bid



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THE board of a US teachers pension plan today confirmed it had made an approach to buy price comparison website moneysupermarket.com.
The Ontorio Teachers Plan Board said it made the approach through investment arm Teachers' Private Capital but had "no current intention" of making an offer for the site.

The firm said yesterday that the unsolicited bid was rejected by chief executive and majority shareholder Simon Nixon.

Moneysupermarket operates under its flagship brands moneysupermarket.com and travelsupermarket.com, which allow consumers to compare prices for mortgages, loans, credit cards and package holidays.

The firm said: "The unsolicited approach did not contain indicative terms for any offer and has been rejected by Mr Nixon."





The full article contains 120 words and appears in Edinburgh Evening News newspaper.
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  • Last Updated: 24 July 2008 10:27 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
 
 

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