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RSA gets takeover proposal from Intact and Tryg

1 min read | November 06, 2020 10:45 AM GMT | By Team Kalkine Media
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RSA Insurance Group Plc (LON:RSA) has received a proposal from a consortium of two insurers, Intact Financial Corporation and Tryg A/S regarding a possible offer for the Company.

  • One of the oldest FTSE 100 constituents has received the offer comprising of 685 pence in cash per share, plus payment of an interim dividend of 8 pence per share announced earlier by it.
  • The basis of the deal is that while the consortium will own RSA’s Denmark business, Intact will individually own the UK, Canada, and International operation.
  • And Tryg will own the Sweden and Norway operations of RSA if the deal is successful.
  • RSA has posted an improvement in the operating profit for the first nine months with all three regions performing on or ahead of the company’s plans.
  • On 6 November 2020, the stocks of the company declined by 1.97% from its previous closing, hovering at around GBX 656.80 at 09:42 AM GMT+1.

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