Copying and distributing are prohibited without permission of the publisher
Pamplona “king makers” in Chaucer deal
23 June 2009
Pamplona Capital Management’s decision to increase its stake in Lloyd’s insurer Chaucer to 9.26% could scupper Brit Insurance’s rival offer for the firm, an analyst has told Reactions.
Read more:
pamplona capital managment
brit insurance
chaucer
Pamplona Capital Management’s decision to increase its stake in Lloyd’s insurer Chaucer to 9.26% could scupper Brit Insurance’s rival offer for the firm, an analyst has told Reactions.
Yesterday’s move by Pamplona to acquire 7.34% of Chaucer values Chaucer at 44 pence a share and trumps Brit’s earlier bid, which valued the Lloyd’s insurer at 40 pence a share, or 4% less than Chaucer’s closing price on June 19 of 42 pence.The private equity firm financed by Russia's Alfa bank also reiterated its intention...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.