Dignity funeral services firm targeted in first UK takeover bid of the year

Consortium spearheaded by Direct Line founder, Sir Peter Wood, have swooped for company

A consortium spearheaded by Direct Line founder Sir Peter Wood has swooped for the funeral services company Dignity in the first UK takeover attempt of the year.

A subsidiary of Valderrama – a joint venture between Wood’s investment firm SPWOne and investment house Castelnau Group – has made a possible offer for the London-listed company, whose board recommended the deal to shareholders.