Nothing but negotiation

The Gap Partnership

Haverford lowers offer for Omega stake

Haverford is no longer willing to pay 84 per cent per share for a 25 per cent stake in Omega.

02 December 2011

Reinsurer Haverford is looking to demonstrate negotiation skill by taking a 25 per cent share in Omega at a reduced price to what was initially offered.

The firm has indicated to the board of directors of Omega it will not be proceeding with a bid of 83 pence per share.

This is because there has been an "unexpected deterioration in Omega's financial position and prospects".

As a result, Haverford - which was established by Mark Byrne in 1993 - is now looking to pay 74 pence per share in order to close business negotiations and it says there will be an update about the situation later today (December 2nd).

"[Haverford] stands ready to continue discussions and negotiations with Omega in connection with this possible new offer," the company stated.

The original tender was made back in September and so the insurance firm is looking to take advantage of the change in circumstances.

Posted by Edel Quinn

Source: Haverford statement, December 1st

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more

July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more

April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more

February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more

December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more