Terra Firma walks away from Chaucer after regulator ultimatum
Terra Firma has said that it has no intention of making an offer to acquire Lloyd's insurer Chaucer plc after it was asked to clarify its intentions by the UK Panel on Takeovers and Mergers.
The Guy Hands-headed private equity company had revealed in a February stock exchange announcement that it was weighing up an offer for the London-listed insurer.
But its approach was thwarted by a rival £313mn bid from The Hanover that was recommended by the Chaucer board...
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
Follow us:
