Neptune trims Novae stake amid sale price dissatisfaction

Neptune Investment Management has sold the majority of its stake in
Novae hours after it told this publication that Axis Capital's
offer to acquire the company could have been "materially
higher".
Before the sale Neptune was Novae's single largest
shareholder.
According to a regulatory filing, the firm has opted to sell
almost 7.0 million shares in the carrier - over two thirds of its
total holding - at a price of 707 pence per share. The sale leaves
Neptune with...