Zurich Insurance proposed to buy London-listed rival Beazley in a deal worth £7.7bn. Stock image. Photo: PA
Specialist insurer Beazley has rebuffed a £7.7bn (€8.84bn) takeover approach from Swiss rival Zurich Insurance, revealing it is lower than a previously rejected proposal made by the suitor last June.
Zurich’s latest offer was worth a potential £12.80 a share, up from an earlier and previously undisclosed approach for £12.30 a share on January 4, which was rejected.
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