LV’s £150m bid for Highway now ‘unconditional’

by David Masters

Story link: LV’s £150m bid for Highway now ‘unconditional’

Mutual Society Liverpool Victoria has declared that its £150 million offer for UK-based motor insurer Highway is now wholly unconditional.

In a statement to the stock exchange, Liverpool Victoria Insurance Company said all conditions of the deal – originally struck on 28th August – have been met or waived.

Liverpool Victoria is offering Highway shareholders 73.35 pence per share, plus a 1.65 pence dividend – making a total of 75 pence per share.