Beazley Stock Has a 1.8% Takeover Gap — Zurich Just Bought More

Beazley Plc shares barely moved on Monday after Zurich Insurance Group disclosed that it bought another 494,252 Beazley shares on Friday, lifting its holding to 37.97 million shares, or 6.31%. Zurich paid a weighted average of 1,286.81 pence and spent £6.36 million, calculations from the filing show. Beazley was up 0.04% at 1,287p at 11:08 a.m., inside a 1.5p session range.