Reuters logo
Canada's Fairfax to buy Brit Plc for about $1.88 bln
2015年2月17日 / 凌晨2点58分 / 3 年前

Canada's Fairfax to buy Brit Plc for about $1.88 bln

Feb 16 (Reuters) - Canada’s Fairfax Financial Holdings Ltd said it would buy Brit Plc, a specialty insurer and reinsurer, for about $1.88 billion to have a significant presence at Lloyd’s of London.

Brit shareholders will receive 305 pence in cash per share, including any final dividend for the year ended Dec. 31.

The offer represents a premium of 11.2 percent to Brit’s closing price on Feb. 16.

Fairfax Financial said it has received hard irrevocable undertakings to accept the offer from entities managed by Apollo Global and CVC Capital Partners, which together hold about 73 percent of Brit’s issued share capital. (Reporting by Supriya Kurane in Bengaluru; Editing by Gopakumar Warrier)

我们的标准:汤森路透“信任原则”
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below