Controversial approach by Bain Capital pitted group’s leaders against campaigners and politicians in year-long battle
Members of mutual insurer LV= have blocked a controversial takeover by US private equity firm Bain Capital.
Only 69% of members who cast ballots on Friday approved of the £530m takeover offer from Bain Capital, scuppering a year-long campaign by the LV=’s board to secure backing for its preferred bidder.
