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18 May 2012

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AmWINS seals £32mn THB purchase

14 November 2011

US wholesaler AmWINS has finally agreed to buy 100 percent of Aim-listed UK broker Thompson Heath & Bond (THB) at 80.55 pence per share, valuing the firm at £31.8mn.

On the deadline of a month-long extension on the decision, THB confirmed the terms of the offer in a London Stock Exchange announcement today (14 November).

The 80.55p all-cash offer is 28 percent above THB's closing share price on 11 July - the last business day before the offer period began...


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