Omega standoff continues as Haverford reiterates lower bid
Mark Byrne's Haverford says it remains interested in putting in a lower fixed-price bid for a cornerstone stake in Lloyd's insurer Omega a day after the takeover target released a statement defending its capital position and reiterating its belief that Haverford's original tender offer should have gone unconditional.
Haverford lowered its bid for the firm to 74p per share, arguing that Omega's third quarter results showed "significant and unexpected deterioration".
Haverford has not yet received a response from Omega to...
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