Esure announced it is in advanced takeover talks with private equity group Bain Capital . Bain has made an unsolicited bid of 280p a share representing a 37 % increase to Friday ’s closing price and valuing the company at £ 1.17bn ( $ 1.49bn ) . The board of Esure has indicated that it is likely to recommend a firm offer at this level subject to terms being agreed . esure listed its price comparison website, Gocompare.com (GOCO.L), on the London Stock Exchange in 2016. Bain now has until 5 pm on 10 September to make a firm offer under UK takeover law .
Esure announced it is in advanced takeover talks with private equity group Bain Capital . Bain has made an unsolicited bid of 280p a share representing a 37 % increase to Friday ’s closing price and valuing the company at £ 1.17bn ( $ 1.49bn ) . The board of Esure has indicated that it is likely to recommend a firm offer at this level subject to terms being agreed . Bain now has until 5 pm on 10 September to make a firm offer under UK takeover law .