RSA directors urge shareholders to vote in favour of Intact/Tryg takeover
Shareholders are set to vote on the deal, which would see the UK part of the business sold to Canadian provider Intact, in January.
RSA has confirmed that it is holding a court meeting and a general meeting on 18 January 2021, with shareholders set to vote on the £7.2bn takeover by Regent Bidco.
Regent Bidco, which is owned by Intact Financial Corporation and Tryg, made a formal offer to buy RSA on 18 November.
In a statement on the London Stock Exchange published yesterday (16 December), RSA stated that the deal will be affected by means of a court-sanctioned scheme of arrangement.
Unanimous
According to the statement
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