Giles acquisition of CBG extended
Giles Insurance Brokers' recommended cash offer for CBG Group has been extended until 31 August.
At a general meeting held yesterday a resolution was passed pushing forward the deal which was first announced at the begnning of August.
At the start of the month, the boards of CBG and Giles announced the terms of a recommended cash offer to be made by Giles for the entire issued and to be issued share capital of CBG.
The offer price was 32 pence in cash for each CBG share and valued the entire issued and to be issued share capital of CBG at approximately £5.1m.
According to StockMarketWire
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