Opinion: A sweetener for the 75%

Upping the offer by 5p a share when there's no counterbid on
the table might look odd to outside observers, particularly given
the earnings miss published by Novae earlier this month.
But Axis CEO Albert Benchimol may well have an eye to the
crucial shareholder vote, due on 29 August.
Novae's shareholder base has changed significantly since the
takeover agreement was announced.
Neptune Investment Management, once the largest shareholder in
Novae, has largely sold out of its position, after its..