Giles offer for CBG Group “unconditional”
Giles Insurance Brokers’ cash offer for CGB Group, has now been declared unconditional.
On Thursday 24 August the offer was extended until 31 August however it is now open for acceptance until further notice.
According to a report by moneyam.com, Giles said it had received valid acceptances in respect of 13,775,272 CBG shares - 86.75% of the issued share capital.
Giles' offer for CGB was originally outlined in July with a price per share of 32p which at the time represented a premium of over 50% to the listed price.
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