Axis seeks to secure Novae with increased bid

Axis Capital has attempted to "bring certainty" to its
effort to buy Lloyd's insurer Novae by raising its agreed offer
by 2.1 percent.
The new offer, made on the evening of 24 August, is worth
£477.6mn ($612.5mn), or 715 pence per share, compared with the
700 pence Axis agreed to pay for Novae on 5 July.
Novae shareholders made a muted response to the improved bid,
with the stock ticking up 1.8 percent to 710p as of lunchtime on 25...