R&Q Insurance Share Price (RQIH)

Other platforms are reporting a rise of 5% today so far, just for info.

Don’t forget there are other interested parties, the sale involved :

94 counter parties approached

59 entered NDAs

16 non binding offers first round

9 went to second round

4 non binding offers at second round

Onex bid was chosen from the lot.

The sale docs also mention potential risks from a take over approach before sale completion.

It’s getting there, aslong as RQ keep on top of it then and all is as they have RNS’d the. It should happen, the sale has a pledge held over $465m Onex shares so they can’t walk away, and Onex want the $100m / year accredited is going to generate, Onex need to be seen to grow and replace their AUM and Accredited is a steel at the sale price for them.

Given the appointments announced today I believe the sale must be progressing smoothly and will be confirmed in the very near future.

Downside is IF the sales don’t complete they wind the business down as they won’t have the required A- or above credit rating to operate in US.

Nothing in life is free. But the potential Risk/reward here is a 10+ to 1 bet.

If all goes to plan the slimmed down company will be a good asset to keep or sell, eventually potentially returning multiples of current mcap to equity holders over many years.

Just a matter of time.