Giles weighs in with cash offer for CBG
Giles Insurance Brokers has made a £5.1m cash offer for CBG Group.
The offer price is 32p per share, which represents a 54.2% premium to the closing share price of 20.8p on 19 July 2011 – the last dealing day prior to the announcement that identified Giles as a potential offeror.
The offer has the support of a number of CBG’s major shareholders and values the shares of CBG at approximately £5.1m. The offer is subject to shareholder approval and regulatory clearance.
Headquartered in Manchester, with offices in Blackpool and London and around 120 staff, the
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