Brief: Zurich Insurance Agreed With Beazley Terms Of Offer
02/03/2026 15:39
March 2 (Reuters) - ZURICH INSURANCE GROUP LTD ZURN.S: RECOMMENDED CASH OFFER FOR BEAZLEY PLC AGREED WITH BEAZLEY TERMS OF A RECOMMENDED ALL-CASH OFFER BY ZURICH FOR ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF BEAZLEY UNDER TERMS OF TRANSACTION, BEAZLEY SHAREHOLDERS WILL BE ENTITLED TO RECEIVE A TOTAL VALUE OF 1,335 PENCE PER BEAZLEY SHARE EXPECTS TO DELIVER APPROXIMATELY USD 150 MILLION OF COMBINED ANNUAL PRETAX RUN-RATE COST SAVINGS BY 2029 CLOSING EXPECTED IN H2-26 Further company coverage: ZURN.S (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com ; +48 587785269;;))