Amlin agrees to £3.5bn takeover by Mitsui Sumitomo
Amlin directors to recommend offer to shareholders.
Japanese insurer Mitsui Sumitomo Insurance (MSI) is to buy London-based Amlin in a cash deal valuing the insurer at £3.5bn.
Under the terms of the deal shareholders in Amlin will receive 670p per share, a 36% uplift on the 7 September stock exchange closing price.
Qualifying shareholders will also be paid the 8.4p interim dividend announced in Amlin's recent half-year results.
Approval
The deal is subject to court approval and Amlin shareholders voting in favour.
Amlin's directors have already
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