Beazley shares wobble as Zurich bid deadline nears and takeover filings stack up
Beazley shares fell 0.1% to 1,138.5 pence in early London trading Tuesday amid ongoing takeover speculation. Wellington Management cut its stake below 5%, now holding 4.99%. Zurich faces a Feb. 16 deadline to make a firm bid at 1,280 pence per share, which Beazley’s board has rejected as too low.