Zurich proposes 550p per share offer for RSA as deadline extended
Potential deal values insurer at £5.6bn.
RSA has received a conditional offer from Zurich to buy the business at 550p per share just ahead of today's 5.00pm deadline.
An announcement on the London Stock Exchange said the possible deal would be an all cash offer.
RSA said in the statement: "The board has indicated to Zurich that it would be willing to recommend an offer at the level of the possible offer to RSA shareholders subject to the satisfactory resolution of the other terms of the offer.
"Accordingly, the board is in discussions
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