Novae and Axis boards give acquisition the green light
The boards of Novae and Axis have agreed the terms of sale that will see the Bermuda-based reinsurer take over the Lloyd’s carrier.
Axis Capital made an offer to buy Novae for £467.6m in July. The offer was put to the board of Novae and the deal was recommended to shareholders.
Now that the boards of both businesses have given
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