Brit opens books to PE house as Apollo ups bid to £10.75 a share
Brit Insurance today confirmed that private equity house Apollo has submitted a revised indicative proposal to acquire the entire issued and to be issued ordinary share capital of the company at a price of £10.75 per share in cash.
The indicative proposal is subject to a number of pre-conditions, which may be waived by Apollo, including satisfactory completion of confirmatory due diligence.
In a statement Brit said: "Apollo's
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