Hardy's £143mn sale to CNA to close on 2 July
Hardy's sale to US P&C player CNA has been fully approved and the firm will delist from the London Stock Exchange on 3 July.
The merger will be effective from 2 July when the Bermudian authorities issue a merger certificate, and it is expected the £143mn settlement for the acquisition will be paid to Hardy shareholders on or before 16 July.
Hardy shareholders voted for the deal almost unanimously in April, approving the handsome 1.54x book value offered by CNA...
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