This $9.5 Billion Takeover Offer Looks Too Good to Refuse

(Bloomberg Opinion) — A takeover offer that would have been so-so in February becomes impossible to refuse for a company whose shares have been hit by the pandemic. The 7.2 billion-pound ($9.5 billion) approach for RSA Insurance Group has been shrewdly pitched by the Canadian-Danish consortium trying to buy the FTSE-100 insurer.RSA has been led by Stephen Hester since 2014. This particular chief executive role always seemed a little low profile for the former Credit Suisse Group AG investment banker, who previously took charge of Natwest Group Plc (then Royal Bank of Scotland) during the financial crisis. Few will be …read more

Source:: Yahoo Finance


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