R&Q shares down 40% as Brickell moves to terminate takeover plan
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R&Q shares down 40% as Brickell moves to terminate takeover plan

Aisling Finn
25 May 2022
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Randall & Quilter (R&Q) has received a letter from Brickell PC Insurance Holdings advising it that it is “in breach of certain obligations” under the terms of its takeover agreement.

As a result, Brickell has moved to terminate the takeover with immediate effect.

Shares in R&Q are down by more than 41%, as at 14:30 London time.

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