Axis acts to quash any counterbid

Axis has moved to pre-empt a potential counterbid by finding
another £10.0mn ($11.8mn) to lift itsagreed offer for Novae offer by 2.1 percent.The new offer is worth £477.6mn, or 715 pence per share,
compared with the 700 pence Axis agreed to pay for Novae on 5
July.
The decision by Axis follows some disquiet among Novae investors
about the original offer, which represented a scant 20.3 percent
premium to the pre-agreement price. It also comes after a period...