The Brockbank Group plc, having accepted valid tenders for over 90 percent of the outstanding shares.

Mid Ocean said yesterday the offer would remain open until 3pm on September 15 to accommodate any remaining Brockbank shareholders. Under English law, any remaining shares not transferred by then will be compulsorily acquired.

The final bill for the acquisition was estimated by Mid ocean to be about 85.6 million ($137.4 million) of which 51.6 million ($82.8 million) will be in cash and loan notes and the rest through the issuance of approximately 920,000 ordinary shares of Mid Ocean Ltd., which will be subject to transfer restrictions.