Zurich tables £5.6bn bid for rival RSA Group

clock

Insurance giant Zurich has revived its attempt to acquire rival business RSA with a new proposed cash offer of 550p per share, valuing the company at about £5.6bn.

The Board at RSA indicated it would be "willing to recommend" the potential offer subject to other terms being met. Shares in RSA, which is run by former RBS boss Stephen Hester, were trading 4.5% higher...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Life Office

Nic Spicer: "Short term it is impossible to say with any certainty, but over the medium term the acronym that keeps being mentioned with respect to the investment case for equities is TINA - 'There is no alternative'."

Nic Spicer: Just how nervous should clients be about equities?

'Diversification first, TINA second'

Nic Spicer
clock 21 October 2021 • 6 min read
Sam Liddle: "We don't yet know whether inflation will continue to soar or return to normality over the next year and beyond. In fact, this sort of crystal ball gazing is often a very thankless task."

Sam Liddle: Pricing power — the catch-all solution to increasing inflation uncertainty

Inflation uncertainty

Sam Liddle
clock 14 July 2021 • 4 min read
IA sales figures for April revealed

Equities attract nearly half of £6.2bn net April fund sales

ISA sales soar in April

Anna Fedorova
clock 03 June 2021 • 2 min read