Axis ups Novae offer to 715p per share

Axis has increased its final offer for Novae by 2.1 percent to
715 pence per share in a move that values the listed Lloyd's
insurer at approximately £477.6mn ($611.5mn).
The offer is 3.4 percent higher than Novae's 697.5 pence
closing share price today.
And the final offer price represents a 23 percent uplift on the
581.5 pence Novae shares were trading for when markets closed and
the deal was announced on 5 July.
Axis CEO Albert Benchimol said the aim...