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"Sources said Barbican could make announcement over the next few days, although it is not clear what price the company is willing to offer and whether its bid will be an indicative offer conditional on further due diligence. One insider told The Telegraph that the offer could have a cash element worth more than 83p a share."

http://www.insuranceinsider.com/canopius-undeterred-by-byrne-s-partial-omega-offer