LONDON (Reuters) - Buy-out firm Resolution <RSL.L> said on Monday it is 'fully engaged' in pursuing acquisition opportunities after deciding not to proceed with a number of deals in the quarter to the end of March.
The company said earlier this month the UK's Financial Services Authority closed an investigation into some of its senior directors, enabling it to make acquisitions again. Resolution said its short term investments of 649 million pounds at the end of March compare to 653 million at the end of 2008. The company spent 4 million pounds on due diligence and related activities in the quarter, Resolution added.
(Reporting by Lorraine Turner)