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Canopius' 65p offer reflects 2011 Omega losses

The Lloyd's building

Canopius' decision to offer to acquire Omega at a lower share cash offer is because the listed company posted losses last year, according to a source.

Omega announced this morning that it had received an offer from Canopius at 65p per a share, less than the 83p a share it offered in September which it withdrew the next month.

A source close to the

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