RSA Weighs £7.2B Buyout Offer To Split Insurer In Two
Law360, London (November 6, 2020, 1:25 PM GMT) -- British insurance giant RSA Group said it has received a £7.2 billion ($9.5 billion) buyout proposal from a consortium made up of a Canadian and a Scandinavian insurer.
RSA said in a stock market update that it has had a £7.2 billion ($9.5 billion) buyout offer from Canada's Intact Financial Corporation and Tryg of Scandinavia. (iStock)
RSA said in a stock market update on Friday that the Canadian company, Intact Financial Corporation, would pay £3 billion and Tryg A/S would pay £4.2 billion. The business would effectively be divided between the companies.
The London-headquartered insurer said its board "would be minded to...
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