Business
Intact Financial Corporation ("Intact") Possible Offer for RSA Insurance Group plc ("RSA") Update and Investor Presentation
Intact Financial Corporation ("Intact") Possible Offer for RSA Insurance Group plc ("RSA"...
About this update from Intact Financial Corporation
[{"type":"text","content":"\n \n \n \n Intact Financial Corporation (\"Intact\") Possible Offer for RSA Insurance Group plc (\"RSA\") Update and Investor Presentation\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnml8{\nMARGIN-LEFT:0.67em; MARGIN-TOP:0em; MARGIN-BOTTOM:0em\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n TORONTO, Nov. 9, 2020\n \n \n \n \n \n PREVIOUSLY RELEASED IN THE UK\n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.\n \n \n \n \n THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE.\n \n \n \n \n TORONTO\n \n ,\n \n Nov. 9, 2020\n \n /CNW/ - On\n \n 5 November 2020\n \n RSA announced that it had received an approach from Intact and Tryg A/S (\"Tryg\") (together the \"Consortium\") regarding a possible cash offer by the Consortium for RSA at a price of\n \n 685 pence\n \n per RSA share (the \"Proposal\"). Under the Proposal RSA shareholders will receive in addition the announced interim dividend of\n \n 8 pence\n \n per RSA share. Further information regarding the Proposal was announced by RSA and the Consortium later on the same day.\n \n \n Intact today provides further information regarding its proposed participation in the Consortium and its plans for the RSA businesses in its\n \n Canada\n \n and Specialty lines segments, as well as the opportunities in the UK & International business...