QBE refuses to give up over IAG offer
QBE has announced that its proposal of 0.142 QBE shares and $0.70 cash per IAG share, to merge with IAG via scheme of arrangement, has been extended to 5pm Monday, 19 May 2008.
Mr Frank O'Halloran, QBE group cheif executive officer, said: "The proposal has been extended to allow stakeholders more time to consider the impact of IAG’s profit downgrade announced last week and
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