Editor's comment - Insurance Age

Michelle Worvell, Editor, [email protected]
01 Nov 2007

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One story of last month that could have a huge impact on the independent broking sector was the news that Broker Network had rejected a bid approach. Following the news, shares rose by 2.5p to 467.5p as it revealed that talks were continuing and that an improved offer may be forthcoming.

In a statement, the company said: "The board of Broker Network has held discussions with the party concerned. It has concluded that the terms and conditions of that approach are unacceptable, and the board

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