Beazley share price falls after board rejects Zurich bid — and traders eye the next deadline
Beazley shares fell 3.1% in early London trading after the insurer’s board rejected Zurich Insurance’s 1,280p-per-share cash offer, calling it too low. The bid was below Zurich’s previous June proposal. Zurich has until Feb. 16 to make a firm offer or walk away under UK takeover rules. Investors await Zurich’s next move.