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The offeror is positive that he will reach a successful closing, the source added.
2
The company said yesterday its board will make a further announcement within the next week after "discussions with the prospective offeror".
3
It advised the potential offeror that the proposal did not represent a basis on which Brit is prepared to engage in any further discussions.
4
A short statement yesterday said it was "unable to agree acceptable terms with a potential offeror and therefore all discussions have now been concluded".
5
We will continue to focus our energies on the running of the business while we continue discussions with potential offerors and conclude our strategic review.