RSA shareholders say yes to £7.2bn takeover

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RSA shareholders have voted to approve the £7.2bn takeover by Regent Bidco.

Regent Bidco is owned by Intact Financial Corporation and Tryg and made a formal offer to buy RSA on 18 November 2020.

Majority
RSA said last year that the deal will be affected by means of a court-sanctioned scheme of arrangement. At a court meeting held yesterday (18 January), the majority of RSA’s scheme shareholders voted to approve the scheme.

The insurer also held a general meeting at which shareholders voted to

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