Insurance software firm rejects 16p per share offer
UK insurance software firm Innovation Group rejected an unsolicited 16p per share offer from New York outsourcing firm EXL Service Holdings, Reuters reports
Innovation said the approach from EXL was preliminary. Earlier this year Innovation turned down a 15p per share offer from private-equity firm Carlyle Group.
The FT said Innovation shares rose 8.9% to 12¼p after offer.
An RBS note said: "This is supportive for the shares but it all feels a little déjà vu, with the board/shareholders rejecting 15p from private equity earlier in the year."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
