In one of the biggest financial takeover bids of Europe this year, RSA Insurance Group Plc (LON: RSA) of Britain will be acquired by Canada's Intact Financial and Denmark's Tryg.
- RSA has reached an agreement for £7.2 billion cash offer, excluding the interim dividend, on a fully diluted basis.
- Of the £7.2 billion cash consideration, around £4.2 billion will be contributed by Tryg, while Intact will be contributing the rest of about £3.0 billion.
- Under the terms of the acquisition, RSA Shareholders will be eligible to receive 685 pence in cash for each RSA share held.
- On 19 November 2020, the stocks of the company declined by 0.12% from its previous closing, hovering at around GBX 676.00 at 08:21 AM GMT+1.