Orascom Inv (OIH)3 Apr 2012 09:31
Canopius in bid for Omega Insurance
Bermuda-based Omega Insurance Holdings said it had received a takeover approach from rival Canopius. Privately-owned Canopius has offered 65p per sha...
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Omega board mulls rival offer
Tue, 13th Sep 2011 10:54
The insurance company Omega says it is considering a takeover offer from privately owned rival Canopius.This comes just a day after Haverford made a partial cash offer for 25% of Omega at 83p per share, a 26% premium to the closing price of the 9th of September.Nevertheless Canopius has made clear for several months that it wants to buy Omega outright and today's moves brings the battle towards an endgame, with Canopius arguing it is a more natural fit than Bermuda based Haverford.Unsurprisingly, shares in Omega has risen 13.6% in morning trading.BS
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