Wood has accepted a takeover bid priced at £ 2.80 ( $ 3.56 ) per share , valuing the company at £ 1.2bn , from Bain Capital . If the deal goes ahead , Sir David Wood , founder of the company and its largest shareholder , will remain as chairman and reinvest £ 50 m of his £ 100 m investment in the company .
Esure has recommended a takeover bid priced at £2.80 ($3.56) per share, valuing the company at £1.2bn, from Bain Capital. If the deal goes ahead, Sir Peter Wood, founder of the company and its largest shareholder, will remain as chairman and reinvest £50m of his £360m stake in the company.