Rival bids for Catlin from Asia and US predicted following XL offer
XL Group’s potential acquisition of Catlin has been billed as positive for both parties, although the bid is expected to flush out interest from Asian and US firms targeting a Lloyd's presence, according to analysts.
Catlin confirmed on Wednesday that it had received an approach from the Dublin-domiciled US insurer to acquire the firm for a consideration of 410p in cash and 0.130 shares of XL for each Catlin
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