Chairman retaliates.
Your article (PB, July, p2) about the Limit board's recommendation of QBE's offer for Limit was seri...
Your article (PB, July, p2) about the Limit board's recommendation ofQBE's offer for Limit was seriously misleading. I have never "accused"
Limit shareholders of "shareholder greed" (your headline), nor did I "feel
that (I) had little choice but to comply with the recommendation". The
QBE's proposed offer of 140p per share was significantly higher than any
other proposal and clearly in the best interests of shareholders. I, as
chairman, led the board's unanimous recommendation.
Jonathan Agnew
Chair
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