News - Midlands
Torrid times for LitComp
Torridon Capital, a newly incorporated Scottish company, has made a cash offer for LitComp, a Lincolnshire-based provider of financial and legal insurance products and litigation services. Torridon has received valid acceptances for 79.31 per cent of LitComp shares. Torridon offered shareholders 35p per share in cash, valuing LitComp at £5.48m. Remaining shareholders have until 8 January to accept the offer.