Zurich submits proposal to acquire Beazley
Zurich has submitted a proposal to acquire Beazley outright for a price of 1280p per share, which values the specialty insurer at approximately £7.7bn.
The offer represents a premium of 56% to Beazley’s closing share price on Friday and on Beazley’s volume-weighted average share price over the preceding 30 days.
Zurich also said the offer represented
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