Brightside confirms it has received a preliminary approach for 27p a share
Motor insurance group Markerstudy has made a preliminary approach to buy broking group Brightside for 27p a share.
Based on the 456.3m shares Brightside has in issue, Markerstudy’s approach values the company at £123.2m.
In a statement to the stock exchange, Brightside said: “The board can confirm that it has received a preliminary approach that may or may not lead to an offer being made for the company.”
The City Code on Takeovers and Mergers requires Markerstudy to make a firm offer by 5pm on 13 August.
Brightside is run by chief executive Martyn Holman (pictured).
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.
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