{"id":8614,"date":"2026-02-16T08:09:39","date_gmt":"2026-02-16T08:09:39","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/8614\/"},"modified":"2026-02-16T08:09:39","modified_gmt":"2026-02-16T08:09:39","slug":"beazley-extends-put-up-or-shut-up-deadline-as-zurich-due-diligence-progresses","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/8614\/","title":{"rendered":"Beazley extends \u2018put up or shut up\u2019 deadline as Zurich due diligence progresses"},"content":{"rendered":"<p>Beazley said on Monday that the deadline for Zurich Insurance to make a firm takeover bid has been extended.<\/p>\n<p>The Lloyd\u2019s of London insurer announced earlier this month that the two parties had reached an agreement in principle on the terms of an \u00a38bn takeover by Zurich.<\/p>\n<p>It said on Monday &#8220;Zurich has commenced a period of confirmatory due diligence and, with the support of the board and management of Beazley, that process is progressing as planned&#8221;. <\/p>\n<p>&#8220;The parties are simultaneously discussing the detailed terms of the transaction and progressing definitive transaction documentation.&#8221;<\/p>\n<p>As a result, Beazley requested and was granted an extension of the \u2018put up or shut up\u2019 deadline, which means that Zurich now has until 1700 GMT on 4 March to either announce a firm offer or walk away. The initial deadline under UK takeover rules was 16 February.<\/p>\n<p>Beazley said there can be no certainty that any firm offer will be made for the company and that a further announcement will be made as and when appropriate.<\/p>\n","protected":false},"excerpt":{"rendered":"Beazley said on Monday that the deadline for Zurich Insurance to make a firm takeover bid has been&hellip;\n","protected":false},"author":2,"featured_media":8615,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[6839,322,1971,1973,1977,1975,1976,1972,1974,2945,6842,6843,6838,6844,6840,6841,51],"class_list":{"0":"post-8614","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-zurich","8":"tag-8216put","9":"tag-beazley","10":"tag-categoryall","11":"tag-categorycompany-news","12":"tag-categoryheadline-news","13":"tag-categoryma","14":"tag-categorymarket-pulse","15":"tag-categorymarket-report","16":"tag-categorynews-and-announcements","17":"tag-categorysectorial-finance","18":"tag-deadline","19":"tag-diligence","20":"tag-extends","21":"tag-progresses","22":"tag-shut","23":"tag-up8217","24":"tag-zurich"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/8614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=8614"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/8614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/8615"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=8614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=8614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=8614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}