Beazley shares edge higher as hedge fund lifts bet ahead of Zurich deadline
Beazley shares rose 0.16% to 1,219 pence after Caxton Associates disclosed a 4.14% long position, mainly via equity-linked swaps. Zurich has until March 4 to make a firm cash offer for Beazley, with terms discussed valuing shares up to 1,335 pence. Other firms, including Natixis and Barclays, also reported positions as required during the offer period.
