Cenkos Securities has reiterated its desire to take over the Close Brothers Group in a £1.4bn or 950p per-share deal.
Along with partner Landsbanki Islands HF, Cenkos made a rejected 950p per-share approach for the group on 8 November, which Close called “wholly inadequate”.
But Cenkos says it is determined to pursue the proposal, after "encouraging" meetings with Close shareholders.
Cenkos says it is disappointed the Close Brothers board are unwilling to meet to discuss the proposal and “strongly urge” the board to reconsider.
Close Brothers is currently valued at 898.5p this afternoon, down 2.23% on the day.
Cenkos says its announcement is not a firm intention to make an offer and it is not certain it will.
To comment on this story, contact:
0207 034 2681
£300bn of liabilities
View from the front row
Transfer from occupational scheme
Appointed by FCA and PSR boards