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25 May 2013

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Canopius takeover proposal carried by Omega shareholders

7 June 2012

After a torturous M&A process, Omega finally looks set to be sold to Canopius after over 90 percent of the votes cast on the relevant motion were in favour of the deal.

Shareholders cast 168,598,181 votes for the deal, with only 18,158,445 shares cast against, easily clearing the 75 percent majority required to rubber-stamp the takeover and making the completion of the deal a near certainty.

When it went public with the £164mn recommended offer in April, Canopius already had...


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