Giles weighs in with cash offer for CBG
Giles Insurance Brokers has made a £5.1m cash offer for CBG Group.
The offer price is 32p per share, which represents a 54.2% premium to the closing share price of 20.8p on 19 July 2011 – the last dealing day prior to the announcement that identified Giles as a potential offeror.
The offer has the support of a number of CBG’s major shareholders and values the shares of CBG at approximately £5.1m. The offer is subject to shareholder approval and regulatory clearance.
Headquartered in Manchester, with offices in Blackpool and London and around 120 staff, the
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 info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Markerstudy gets CMA greenlight to complete £1.2bn Atlanta deal
- FCA warns insurers, again, on undervaluing total loss motor claims
- Ajay Mistry launches insurance broker