Your Financial ManagerMake money management easy. Take control of your personal finances.
Brit Insurance Shares Surge After Bid Approach
LONDON — Shares in Brit Insurance Holdings jumped 21% on the London Stock Exchange Friday after the group said it had received, and rejected, an unsolicited indicative offer from a private equity group. In the announcement late Thursday, Brit said the proposal significantly undervalued the firm and has advised the private equity group “that it does not represent a basis on which the board is prepared to engage in any further discussions.”
Similar Posts:
- Li Ka-Shing Foundation To Become Major Shareholder Of China Timber
- Morgan Stanley Rehires Moulle-Berteaux For Asset-Allocation Strategy
- Japan’s Kan Distances Himself From Tax Hike; Only Wants Talks
- Bank Of Japan Keeps Rates, Policy Unchanged
- How to Mitigate Negative Equity
Leave a Reply