LONDON--Financial services company Friends Life Group Ltd (FLG.LN) said Monday that it has decided to suspend its share buy back program until it reaches an agreement on terms and conditions of a possible all share combination with Aviva PLC (AV.LN).

The company has suspended its share buy back program as of Nov. 21.

The buy back program commenced on Oct. 31, 2014, and to date 9.1 million ordinary shares have been purchased for an aggregate consideration of 29.9 million pounds ($46.7 million).

Friends Life will look to reinstate the buy back program, if it fails to reach an agreement with Aviva.

Write to Tapan Panchal at tapan.panchal@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Aviva (PK) (USOTC:AVVIY)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Aviva (PK) Charts.
Aviva (PK) (USOTC:AVVIY)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Aviva (PK) Charts.