How are energy investors positioned?
LONDON - NAHL Group plc (AIM:NAH) announced Thursday that it has terminated the sale process for its Critical Care business, Bush & Co., after failing to secure a deal that would provide "appropriate value to shareholders."
The company reported that while the process attracted interest from various potential bidders, discussions with two final parties have now ceased. The board determined that neither of the detailed proposals received would deliver sufficient value to NAHL’s shareholders.
The sale process for Bush & Co., which provides specialist services in the catastrophic and serious injury market, had progressed to advanced stages with multiple interested parties before ultimately concluding without a transaction.
"The Board is considering its options and will update shareholders as and when appropriate," NAHL stated in its press release.
NAHL Group operates in the Consumer Legal Services market through two main divisions. Its Consumer Legal Services division provides outsourced marketing services to law firms via National Accident Helpline and claims processing services through several brands. The Critical Care division, which was the subject of the terminated sale process, serves both claimants and defendants in serious injury cases.
The company’s shares are listed on London’s AIM market under the ticker NAH.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.