Beazley extends offer deadline for Zurich Insurance to March 4
Beazley PLC on Monday announced it has extended the ‘put up or shut up’ deadline for suitor Zurich Insurance Group AG.
The London-based insurer said Zurich Insurance now has until March 4 to announce a firm intention to make an offer, or to confirm that it will not make an offer.
Beazley added that there can be no certainty that any firm offer will be made.
Earlier this month, Beazley agreed to a ‘possible’ offer that valued it at approximately £8.0 billion, with Zurich proposing 1,310 pence per share in cash before allowed dividends, and said it was ‘minded to accept’ Zurich’s offer, were it to be made firm.
Beazley shares were 0.1% lower at 1,228.96 pence each on Monday morning in London, giving it a market capitalisation of £7.35 billion. Its shares are 50% higher than a month ago when they traded at 820.00p each.
Zurich Insurance shares rose 1.4% to fr.559.60 each on Monday morning in Zurich. It has a market cap of fr.81.67 billion, around £77.93 billion.
Copyright 2026 Alliance News Ltd. All Rights Reserved.