Cox reaches provisional buy-out agreement but its Brokersure business will be run off
Cox Insurance has reached provisional agreement with former chief executive officer Neil Utley, Duke...
Cox Insurance has reached provisional agreement with former chief executive officer Neil Utley, Duke Street Capital V and Englefield Capital to buy the company.
The deal would value each Cox share at 94p, with shareholders receiving 92p per share in cash by way of the offer and a 2p per share cash dividend.
In a statement, Cox said: "The announcement of an offer by the consortium for Cox is conditional on the necessary financing agreements of the consortium being entered into, the finalisation of
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