Glasgow's Giles mulls a bid for CBG

GILES Insurance Brokers, the acquisitive Glasgow-based group, yesterday confirmed it is in discussions with Aim-quoted rival CBG about making a possible £5.1 million offer for the company.

The potential 32p offer represents a 54.2 per cent premium to the price at which shares in Manchester-based CBG closed on Monday. Giles stressed there "can be no certainty that any offer will be made".

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