Ri3K rejects Eckert bid and mulls alternative offers
London market electronic trading business Ri3K has rejected a takeover bid led by shareholder Neil Eckert and is now considering two alternative approaches, The Insurance Insider can reveal.
The Ri3K board is due to decide imminently between the bids from a subsidiary of Hewlett Packard (HP) and a private equity financed management buy-out (MBO).
The bid from HP division MphasiS is believed to be the favoured option, according to sources.
A deal will end months of speculation for the loss-making...
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