Business Services Industry
Benfield Group Statement
Business Wire, August 13, 2002
Business Editors
LONDON--(BUSINESS WIRE)--Aug. 13, 2002
In light of recent press speculation, the Board of Benfield Group plc wishes to confirm that it is not in discussions with any third party at the current time in relation to a possible offer for the company.
Furthermore, the Board also wishes to confirm that no third party has undertaken due diligence on the company in relation to a possible offer.
Related Results
Benfield Group is a highly successful business with a unique ownership structure. With the company's share capital being controlled by its management and employees, the future ownership of the company is, inevitably, often the subject of market rumour and speculation. Whilst it is the company's policy not to comment on press speculation, given the widespread press coverage that has been received, the Board decided that, in the circumstances, it was necessary to clarify the current situation by issuing this announcement.
The directors of Benfield Group plc ("Benfield Group") accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of such directors (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.
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