Omega Investors Say Byrne Should Pay Set Price, Times Reports
Omega founder John Robinson, Omega’s fourth-largest investor, have said the insurer is making an “appalling” decision to sell the stake to Byrne, chairman of Haverford (Bermuda) Ltd., at prices that may be less than 83 pence, the newspaper said, citing Robinson. Shareholders also have questioned whether Omega put the interests of Invesco Perpetual, the firm’s largest investor, first, the Sunday Times said, citing Ruth Keattch, a fund manager at Artemis Investment Management, the third-largest shareholder.
To contact the reporter on this story: Sarah Jones in London at firstname.lastname@example.org
To contact the editor responsible for this story: Dick Schumacher at email@example.com