QBE makes one last bid for IAG
QBE has approached IAG with an increased final proposal, but does not expect it to be accepted.
The bid of 0.145 QBE shares and 90 cents cash for each IAG share is equivalent to a consideration of $8.7 billion or $4.60 per IAG share based on QBE’s closing share price on 16 May 2008.
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