Catlin in Wellington buy talks
Wellington Underwriting has confirmed it is in discussions with Catlin over a possible takeover. In a statement to the stock exchange today, the Board of Wellington said it noted the recent increase in its share price, which has risen over 6% today. The Board confirmed that it is in discussions with Catlin Group which may or may not lead to a cash and shares offer being made for the Company.
"The Board will need to be satisfied, inter alia, that the business plan for the enlarged group is likely to deliver greater value to Wellington shareholders than Wellington's standalone strategic
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