Zurich’s £7.7bn Beazley takeover bid goes public after board rebuff
Zurich Insurance raised its cash offer for Beazley to 1,280p a share, valuing the UK insurer at £7.67 billion. Beazley shares jumped over 40% in London after the bid was made public. Zurich has until Feb. 16 to make a firm offer or withdraw under UK takeover rules.