GHL independents approve NCB offer

• Independent directors of Westmoorings-based insurance company, Guardian Holdings Limited (GHL), have recommended that all GHL shareholders accept NCB Financial Group’s (NCB) offer of US$2.79 per share takeover bid.

 

• It is the considered view of the board that acquisition of a controlling interest in GHL by NCB will confer on GHL a number of benefits,” the board stated.

 

• It also said NCB was a major, profitable, fast-growing and forward-looking Caribbean financial institution, whose shares are listed on the Jamaica and Trinidad and Tobago Stock Exchanges.

 

(Source: Trinidad Express