Just Group agrees £2.5bn takeover by Brookfield Wealth

(Sharecast News) - Brookfield Wealth Solutions has agreed a £2.4bn deal to buy financial services company Just Group, the two firms said on Thursday. BWS will pay 220p a share in cash, a 75% premium to the Just closing price of 126p on July 30.

Just's board said that while it was still confident in the company's potential, the delivery of future value was "inherently uncertain and exposed to factors beyond the ... group's control, including changes in regulatory and government policy, periods of market turbulence and interest rate volatility, the outlook for the broader UK economy and increasing competition from new market entrants".

Reporting by Frank Prenesti for Sharecast.com