Barbican bid makes Omega a three-way tussle
Long-term Omega suitor Barbican has answered recent Haverford and Canopius bids by tabling a nil-premium merger proposal with a post-completion 84p cash tender offer for up to a quarter of the shares.
The merger would technically mean that Barbican is acquired by Omega, with Barbican's shareholders receiving a number of Omega shares determined by a 1:1 book value ratio.
Barbican's bid follows an announcement from Mark Byrne-controlled Haverford and Omega on 12 September that the latter's board had agreed for...
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