The Re Report
Fairfax retries for all of Advent
Graham Village
Canadian financial group Fairfax has offered to buy the 33.3% stake it does not already own in Lloyd’s business Advent in
a bid the values the entire Lloyd’s group at £94.0m. Fairfax is offering £2.20 in cash for each Advent share, representing
a premium of about 76% on the closing price of Advent shares on July 16.