Utley Cox takeover d-day verdict
Cox Insurance this morning announces that advanced discussions are continuing in relation to a proposed recommended cash offer on behalf of Duke Street Capital V Limited, Englefield Capital LLP and Neil Utley.However, the motor insurer stressed: “There can be no certainty that any offer will ultimately be made.”
The original deadline for the deal set five weeks ago - which values each Cox share at 94p on the basis of 92p per share in cash by way of the Offer and a proposed dividend of 2p per Cox share - wasOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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