LV members reject Bain capital buyout

[Cupramax]

Pleased to see asset stripping had its arse kicked yesterday! LV members rejected takeover by Bain Capital and chairman resigns!

https://www.dailymail.co.uk/news/article-10298295/...

https://www.dailymail.co.uk/news/article-10298295/...

[bitchstewie]

I haven't followed this but I got an email from Royal London overnight saying they were in talks with LV.

Why would LV have preferred private equity to what is presumably another established UK mutual?

Seems odd.