Hastings agrees £1.66bn takeover
Finnish insurer Sampo and South African financial services firm Rand Merchant Investment Holdings have agreed a £1.66bn takeover with the directors of Hastings.
The cash offer, if accepted, will give shareholders 250p per share, a premium of 16% on yesterday’s closing price.
The final price also represents a 47% premium on the 170p closing price the day
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