Global Capital Markets

Story:Old Mutual, the South African insurer, is still in talks with Scandinavian counterpart Skandia over a possible takeover, Jim Sutcliffe, chief executive confirmed Wednesday. �Talks with management are continuing,� Sutcliffe said in a conference call. Sutcliffe wouldn't comment further on the situation but said the company will make an announcement when required. According to a recent report on this news service, there is no certainty that Old Mutual will ultimately launch a formal bid.

Source:mergermarket"