29th Jul 2015 06:53
LONDON (Alliance News) - Switzerland-based Zurich Insurance Co Ltd on Wednesday said that should it make any offer for RSA Insurance Group PLC, the offer would be made solely in cash.
The announcement was made in relation to Swiss market regulations.
Shares in RSA closed up 16% on Tuesday following Zurich confirmation that it is running the rule over the insurer.
RSA, later in the day on Tuesday, said it has yet to hold any talks with Zurich and has not received any proposal from the Swiss insurer.
By Sam Unsted; [email protected]; @SamUAtAlliance
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