Details of Chaucer bid revealed
Brit Insurance Holdings reveals details of the proposal it has made to the board of Chaucer Holdings
Brit Insurance Holdings has revealed details of the proposal it has made to the board of Chaucer Holdings in relation to a possible offer for the entire issued and to be issued share capital of the company.
The offer is for 0.23 new Brit ordinary shares for every existing Chaucer share. The offer remains conditional upon a recommendation from the board of Chaucer.
Chaucer said it was discussing the terms of the proposed offer with a number of its shareholders and a further announcement would be
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