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RSA Insurance Group plc ("RSA") - Further Statement Regarding Proposal
RSA Insurance Group plc ("RSA") - Further Statement Regarding Proposal Canada N...
About this update from Intact Financial Corporation
[{"type":"text","content":"\n \n \n \n RSA Insurance Group plc (\"RSA\") - Further Statement Regarding Proposal\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.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.prngen3{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:1pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n TORONTO, Nov. 5, 2020\n \n \n \n \n \n \n PREVIOUSLY RELEASED IN THE UK\n \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 REGULATIONSOF THAT JURISDICTION.\n \n \n \n \n THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE \"CODE\") AND 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 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION RELATING TO TRYG A/S.\n \n \n \n \n TORONTO\n \n ,\n \n Nov. 5, 2020\n \n /CNW/ - Further to the announcement by RSA earlier today regarding an approach from Intact Financial Corporation (\"Intact\") and Tryg A/S (\"Tryg\") (together, the \"Consortium\") regarding a possible cash offer for the Company (the \"Proposal\")\n \n (\n \n link\n \n )\n \n , RSA and the Consortium together make the following further statement regarding the Proposal.\n \n \n The Proposal comprises\n \n 685 pence\n \n in cash per RSA share, plus payment by RSA of the announced interim dividend of\n \n 8 pence\n \n per share (the \"Interim Dividend\"). This would represent an approximately £7.2 billion transaction with Intact paying £3.0 billion and Tryg paying £4.2 billion. Intact would retain RSA's\n \n Canada\n \n and UK & Inter...