Hornbuckle Mitchell denies troubled takeover talks with LV=

In August, Hornbuckle denied it has entered negotiations with LV= exclusively, maintaining it is looking for investment in the company and is talking to a number of potential partners. Sources claim LV= has come across a large potential liability within Hornbuckle which has scuppered the current takeover offer. According to the source, there is still the possibility of another takeover deal, but one in which LV= would pay far less for Hornbuckle, and pay out in stages over three to four years. This, the source said, would limit the damage to LV= if Hornbuckle's liability significan...