Zurich Insurance Makes New Offer for Beazley, But It’s Still Rejected
Specialist insurance company Beazley has turned down a takeover bid from Zurich Insurance, which was valued at £7.7 billion (€8.84 billion). Beazley noted that this latest offer is less than a previous proposal from Zurich that was rejected last June.
Zurich’s recent offer valued Beazley at approximately £12.80 per share. This is an increase from an earlier, undisclosed bid of £12.30 a share made on January 4, which Beazley also declined.
Despite the increase in share price, Beazley remains firm in its decision to resist Zurich’s attempts to acquire the company.
