Deadline extended for Zurich’s Beazley bid
- Insurance
ThePostMaster- 0
- 2 minutes read
Zurich has been granted more time to make its formal £8bn bid for Beazley with the deadline pushed back to 5pm on 4 March.
The original deadline was 5pm on 16 February and the extension has been granted by the Takeover Panel of the London Stock Exchange.
In the latest update today, Beazley detailed that the due diligence ahead of a binding offer is progressing as planned.
“The parties are simultaneously discussing the detailed terms of the transaction and progressing definitive transaction documentation,” Beazley stated.
Bids
Zurich and Beazley previously announced on 4 February that they had reached an agreement in
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