Beazley share price in focus: Zurich’s £7.7bn bid sets up a high-stakes London open
Zurich Insurance has made a 1,280p-per-share cash bid for Beazley, sending Beazley shares up 42.7% to 1,170p at Monday’s close. Zurich must declare a firm offer or walk away by Feb. 16 under UK takeover rules. Beazley has not yet responded to the proposal. Zurich holds about 1.5% of Beazley and will adjust the offer for any dividends.