Fairfax said it expects Brit to pay a final dividend of 25 pence per share for the year ended Dec. 31. The offer price of 305 pence per share represents a premium of 11.2 percent to Brit’s closing price on Feb. 16. Investor Prem Watsa-led Fairfax said it has received hard irrevocable undertakings to accept the offer from entities managed by Apollo Global and CVC Capital Partners [CVC.UL], which together hold about 73 percent of Brit’s issued share capital.