IPC reacts to new Validus offer
IPC has said that it will review Validus' revised offer, but has urged its shareholders not to take Validus' offer until it has made its recommendation.
On Monday Validus offer to $30.14 per share, a 13.2% premium on last Friday's share price.Meanwhile Bermudian rival Max Capital, which had an agreed all-share merger with IPC already in place
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