Insight and Intelligence on the London & International Insurance Markets

6 September 2010

Search archive

Advanced search
Other articles of interest
Brit appoints FD despite £880mn Apollo talks
Apollo’s chances of landing Brit put at 50/50
Brit appoints new UK CEO
RSA: initial Aviva offer is fair value
Ri3K rejects Eckert bid and mulls alternative offers

See our other sites...

Brit Insurance concedes to Apollo’s increased £880mn offer

28 July 2010

Brit Insurance's share price has leapt by 11 percent this morning after the UK insurer conceded to an increased 1,075p per share indicative offer from Apollo Management and allowed the New York buy-out firm in for formal due diligence.

The announcement was made almost seven weeks after Brit said it had rejected an initial approach from the private equity company, which led the insurer's share price to rocket from the 720p it was trading at before the announcement to close...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


This article was published as part of issue July 2010/4

Insider Publishing Limited - 2nd Floor Asia House, 31-33 Lime Street, London, EC3M 7HT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2010. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π