Deals Rumor Mill: Phoenix, Telecom Italia, United Tech

By Adam Rhodes (February 22, 2018, 8:31 PM EST) -- U.K. insurance giant Phoenix Group Holdings is closing in on a deal for the insurance unit of asset manager Standard Life Aberdeen PLC, Bloomberg reported on Thursday. According to the report, Phoenix would pay roughly $4.2 billion under the deal, although nothing is set in stone. Bloomberg noted that Phoenix reportedly aims to raise nearly $1.4 billion to fund the deal, which would give Standard Life a 20 percent stake in Phoenix....

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