Zurich's RSA bid "in jeopardy" claims FT
Zurich have appointed Evercore Partners to help with bid as reports suggest the two insurers are "far apart" on price.
Zurich's bid to buy RSA is in jeopardy according to the Financial Times which claims they remain far apart on price just four days before a bid must be made.
The publication notes RSA's shares were trading at £5.09 yesterday, valuing the company at £5.16bn.
It pointed to a survey by Bernstein published this week suggesting Zurich shareholders have no interest in RSA and only consider an acquisition worthwhile if the shares were £5.30 or less.
Holding out
The FT claims RSA shareholders believe £5
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