German broker protests against hostile take-over by Swiss Life

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The German broker Marschollek, Lautenschlager & Partner (MLP) has decided to boycott the products of Swiss Life. The latest move in MLP’s battle against the Swiss company follows Swiss Life’s hostile acquisition of 26.2 million shares in the German broker on 14 August of this year at a cost of €307mn ($386mn). Indeed, it came shortly after Swiss Life had received all of the necessary permits and authorisations, and had completed its acquisition.