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...
To continue reading this article please subscribe or take a free trial to Reactions.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
