Apollo and CVC accept Fairfax's £1.22bn Brit bid
Toronto-based Fairfax Financial has made an all cash offer for all the shares of specialist insurer Brit Insurance.
The 305p a share offer comprises of 280p in cash per share and the expected final 2014 dividend of 25p. This represents 11.2% of the closing price of 274.2p on 16 February (yesterday) and 20.2% above
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