Talks between Nikko Group and Goshawk are back on, according to market sources. Last year discussions stalled and Nikko walked away from the deal after the UK Takeover Panel gave it a deadline of 23 November to go public. But the saga continues and Nikko is ready to return with a new offer for the company on the back of the share deal.
This week also saw Lloyd's insurer Omega Underwriting Holdings float on AIM at 115p per share, valuing the agent for Syndicate 958 at £44.9m. Omega chief executive Richard Tolliday said: "This is a vote of confidence in Omega and in the Lloyd's market."Two years ago Omega postponed entering the stock market due to a perceived lack of interest from city investors. Funds raised by the sale will be used by Omega to support its syndicate's capacity.