Giles outlines provisional offer for CBG

Money give take

The offer is subject to due diligence and the CBG board's recommendation (the "pre-conditions").

Giles' statement on the London Stock Exchange said: "This potential offer price represents a 54.2% premium to the share price as at the close of business on 19 July 2011. The pre-conditions are waivable at Giles' discretion."

It added: "This announcement does not amount to a firm intention to make an offer and accordingly, there can be no certainty that any offer will be made for the company even if

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: