Ariel-Atrium deal goes unconditional
Class of 2005 Bermudian start-up reinsurer Ariel Re has succeeded in its bid for Lloyd’s (re)insurer Atrium Underwriting, declaring the £193m, ($380m) 365p a share, offer unconditional in all respects.
Ariel revealed that on 29 August it had call upon approximately 90.14 per cent of Atrium’s share capital. Ariel’s board confirmed that all other conditions of the offer have now been satisfied.Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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