End of an era as Zurich poised to take over RSA

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Zurich’s bid to buy RSA went into extra time last month after the initial 25 August deadline came and went without the parties reaching agreement on all matters. 

RSA, with the consent of the Takeover Panel, agreed an extension to give both insurers a chance to iron out their differences before the new cuto point of 22 September.

No firm offer yet

While the providers stressed in a London Stock Exchange announcement that the development did not indicate a firm offer will be made, the signs were