Esure announced it is in advanced takeover talks with private equity group The board of Esure . Hasting's shares were up 4 percent. Bain has made an unsolicited bid of 280p a share representing a 74 percent premium to Friday ’s closing price and valuing the company at £ 1.49bn ($ 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 5pm on 10 September to make a firm offer under Japan takeover rules.
Esure announced it is in advanced takeover talks with private equity group The board of Esure . Bain has made an unsolicited bid of 280p a share representing a 74 percent premium to Friday ’s closing price and valuing the company at £ 1.49bn ($ 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 5pm on 10 September to make a firm offer under Japan takeover rules.