City not joyous over CGU's Union.
Professional Broking readers familiar with the workings of the stockmarket will probably have had ca...
Professional Broking readers familiar with the workings of thestockmarket will probably have had cause to nod knowingly at the way the
merger of CGU and Norwich Union was received by the City last month.
As is becoming increasingly common with such deals, details of the merger
were widely leaked to analysts and the national press in what is known as
a "Friday night drop". Consultants acting on behalf of the companies -
often without the consent of the respective chairmen and chief executives
- tip
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