Achilles declares Brit deal wholly unconditional
Private equity acquisition vehicle Achilles has declared its £880mn offer for Brit "wholly unconditional", after all of the conditions set out in the offer document were accepted or waived.
Shareholders that have accepted the offer will receive their payment of 1,100p excluding dividend within 14 days of the 9 March announcement.
At that date the offer had been accepted by shareholders owning
87.06 percent of Brit's issued share capital.
Shareholders currently have until 23 March to approve the offer
following...
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