{"id":8629,"date":"2026-02-16T08:26:09","date_gmt":"2026-02-16T08:26:09","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/8629\/"},"modified":"2026-02-16T08:26:09","modified_gmt":"2026-02-16T08:26:09","slug":"beazley-and-zurich-get-more-time-to-finalise-takeover-deal","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/8629\/","title":{"rendered":"Beazley and Zurich get more time to finalise takeover deal"},"content":{"rendered":"<p>    <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/02\/487af212290aff1e2b02a67355e158f2.jpeg\" alt=\"Beazley and Zurich get more time to finalise takeover deal\" loading=\"eager\" height=\"484\" width=\"960\" class=\"yf-lglytj  loaded\"\/> Beazley and Zurich get more time to finalise takeover deal Proactive uses images sourced from Shutterstock      <\/p>\n<p class=\"yf-vbsvxt\"><a href=\"https:\/\/finance.yahoo.com\/quote\/BEZ.l\" data-ylk=\"slk:Beazley PLC;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">Beazley PLC<\/a>\u00a0has agreed a later deadline for Zurich Insurance Group to make a firm takeover offer as discussions and due diligence are ongoing.<\/p>\n<p class=\"yf-vbsvxt\">At the start of the month, the two companies announced they had struck a deal in principle on the key financial terms of <a href=\"https:\/\/www.proactiveinvestors.co.uk\/companies\/news\/1086789\/beazley-board-agree-to-recommend-8bn-zurich-takeover-1086789.html\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:a possible \u00a38 billion recommended cash bid;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">a possible \u00a38 billion recommended cash bid<\/a>, with today\u00a0the original &#8216;put up or shut up&#8217; deadline.<\/p>\n<p class=\"yf-vbsvxt\">Zurich has begun\u00a0confirmatory due diligence with the support of Beazley\u2019s board and management. The companies are also negotiating detailed terms and drafting transaction documents.<\/p>\n<p class=\"yf-vbsvxt\">The FTSE 100 group requested more time, and the Takeover Panel agreed, with the Swiss insurance giant given until 5pm on 4 March to decide whether to proceed with a formal offer.<\/p>\n<p class=\"yf-vbsvxt\">A\u00a0sweetened total value of 1,335p per share in cash, including a dividend of up to 25p, has been agreed, up from the 1,280p offered in January and up from the 1,315p reportedly offered behind closed doors last summer.<\/p>\n","protected":false},"excerpt":{"rendered":"Beazley and Zurich get more time to finalise takeover deal Proactive uses images sourced from Shutterstock Beazley PLC\u00a0has&hellip;\n","protected":false},"author":2,"featured_media":8630,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[322,6865,6869,5500,6866,6867,6868,51,249],"class_list":{"0":"post-8629","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-zurich","8":"tag-beazley","9":"tag-beazley-plc","10":"tag-due-diligence","11":"tag-financial-terms","12":"tag-takeover-deal","13":"tag-takeover-offer","14":"tag-takeover-panel","15":"tag-zurich","16":"tag-zurich-insurance-group"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/8629","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=8629"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/8629\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/8630"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=8629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=8629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=8629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}