British insurer RSA receives takeover proposal from Intact Financial, Tryg

Industry:    2020-11-06

RSA is in talks with a consortium of Canadian insurer Intact Financial and Danish insurer Tryg about a possible offer for the company, the British insurer said on Thursday.

The offer is for 685 pence in cash per RSA share, plus payment by RSA of its previously announced interim dividend of 8 pence per share, RSA said in a statement.

Shares in RSA closed 46% higher at 670 pence.

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