Validus CEO rules out rival bid for Novae

Validus CEO Ed Noonan has ruled out making a rival bid for
Lloyd's syndicate Novae, which announced a deal with Axis
earlier this month.
In an interview with The Insurance
Insider to mark the 10th anniversary of Validus being
listed on the New York Stock Exchange, Noonan said it would not
attempt to break up the deal.
Since the proposed acquisition was announced, Novae's share
price has mostly hovered a few pence above the 700p ($9.08) per
share price Axis...