Beazley (BEZ LN) unanimously rejects Zurich's proposal of GBP 12.80/shr
Beazley's rejection of Zurich's GBP 12.80 per share offer indicates a firm stance on its valuation, which suggests they believe they are worth more than this bid implies.
US President Trump and Ukrainian President Zelensky are set to meet at 12:00 GMT, via a Spokesman
Fitch says weak Chinese domestic demand will limit growth to 4.1% in 2026
Beazley (BEZ LN) unanimously rejects Zurich's proposal of GBP 12.80/shr
EUROPEAN OPEN: VOW3 GY higher than expected cash flow; ML FP free cash flow tops guidance; GLE FP confirms will cut 1,800 jobs; ABF LN’ Primark LFL sales fall in Xmas quarter; DB1 GY to acquire Allfunds for EUR 5.3bln
European Movers: Volkswagen (VOW3 GY) +4.7%, Deutsche Boerse (DB1 GY) +3.9%, Michelin (ML FP) +3.5%, Air France KLM (AF FP) +2.8%, Essity (ESSITYB SS) -3.1%, B&M European (BME LN) -4.1%
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This decision could signal potential for further negotiations or an increase in share price if investors perceive that Beazley is undervalued. Additionally, watch for market reactions, particularly within the insurance sector and any implications for other M&A activity in the region.
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