It looks like the Nikkei's purchase of the Financial Times is working out well for both news outfits when it comes to landing M&A scoops.
The Japanese paper has just broken the story that FTSE 250-listed Lloyd's of London insurer Amlin is about to get taken over by Mitsui Sumitomo, and as a result the Pink' un is the the first to report the news over here in Blighty.
In case you missed it, here is the link:
http://www.ft.com/fastft/387921/mitsui-sumitomo-talks-buy-uks-amlin
The potential deal, however, comes just a couple of weeks after Amlin's chief executive said the company "is not for sale". Here are links to Telegraph and Reuters articles with the denial:
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/insurance/11820288/Amlin-raises-dividend-despite-tough-times-for-insurers.html
http://uk.reuters.com/article/2015/08/24/uk-amlin-m-a-idUKKCN0QT0LB20150824
No wonder journalists are so cynical...
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