Fairfax in £67m cash offer for Advent
US financial company Fairfax has became the latest suitor for a UK-listed Lloyd’s insurer by offering £67m in cash for Advent.
The offer, which values Advent at 165p per share, represents a par on every Advent shares on July 28th and a discount of 7% on the average closing price of Advent shares over the last month.
Advent
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