Argenta talks to Omega investors as it looks to derail Canopius deal
Argenta and its primary backer Alasdair Locke have refused to accept defeat in the battle to take over Omega, directly approaching shareholders over the past week to discuss an alternative to the recommended Canopius proposal, The Insurance Insider has learned.
According to sources, representatives of Argenta and Locke have been sounding out investors about a revised, cash-heavy proposal, which, under the terms of the deal with Canopius, would have to be worth at least 74p per share to stand any...
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