Limit boss slams shareholder greed.
Jonathan Agnew, chairman of Lloyd's managing agency Limit Underwriting, has accused the company's sh...
Jonathan Agnew, chairman of Lloyd's managing agency LimitUnderwriting, has accused the company's shareholders of being "more
interested in short-term capital gain than the interests of the
business".
His comments follow Limit's recommendation of a hostile acquisition bid by
Australian giants QBE, which bought Iron Trades at the end of last year.
QBE's winning offer was 140p/share, which forced its British rival
Wellington out of the bidding race. Mr Agnew felt he had little choice but
to comply
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