Howden US takeover to pave way for $30bn stock market float

Howden US takeover to pave way for $30bn stock market float

Howden, the British insurance broker, is closing in on a $10bn (£7.7bn) takeover of a US-based rival that will pave the way for an eventual stock market flotation that could value it at in excess of $30bn (£23.2bn).