Utley to take Cox private after £297.9m deal agreed
The buyout of Cox lead by former managing director Neil Utley has been accepted by the insurer's board and he has confirmed plans to take the company private. The offer of 92p in cash for each Cox share values the existing issued share capital of Cox at approximately £297.9m.
Mr Utley said: “Cox is a business with which I have been proud to be associated for a number of years. It has an excellent reputation in the market place and I believe that, as a private companyOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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