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Switzerland & RSA Andrew Leighton
Chamberlain
 In my home city of Zurich, Switzerland, the company
Zurich has recently made a recommended 贈5.6 billion
takeover proposal for the British company RSA!
 This proposal, if accepted, will allow one of the biggest
and smoothest consolidations in the European
Insurance Market
 Zurich con鍖rmed about a month ago that they were
considering options and all the cards on the table!
 It was not until the last few hours did the company table
the proposal for RSA!
 The proposal valued each RSA share at 550p!
 The shareholders of RSA will receive personal dividend
payouts worth approximately 3.5p per share in the event
the takeover is 鍖nalized!
 If the takeover does goes through the overall price will be
grown to 贈5.63 billion
 Analysts comment on the proposal and say that the
mooted price was in the middle of the range that was
expected by institutional shareholders in both Zurich
and RSA!
 According to Londons Takeover Panel rules, Zurich
will have to walk away if yesterdays deadline of
5:00pm expired
 Zurich is clearly excited about the takeover and are
anxious for the process to be completed!
 Upon the interim results earlier this month, Zurich saw
signi鍖cant bene鍖ts from an RSA takeover!
 Zurich did however also comment that any capital
deployment would need to meet the same hurdles that
we apply to any other investment
 There is de鍖nitely something between this deal as half
year results from RSA that were showcased earlier this
month showed that group operating pro鍖ts rose 84%!
 The pro鍖ts are high and the company is a stable
investment income for Zurich!
 The insurer had its UK pro鍖ts at its highest levels since
2006 due to a much more disciplined approach to their
business and the 10 year record high with its Canadian
business
Andrew Leighton Chamberlain
It will be interesting to see how this proposal
shakes out and where Zurich and RSA land. Thank
you for viewing my presentation.!

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Switzerland & RSA

  • 1. Switzerland & RSA Andrew Leighton Chamberlain
  • 2. In my home city of Zurich, Switzerland, the company Zurich has recently made a recommended 贈5.6 billion takeover proposal for the British company RSA! This proposal, if accepted, will allow one of the biggest and smoothest consolidations in the European Insurance Market
  • 3. Zurich con鍖rmed about a month ago that they were considering options and all the cards on the table! It was not until the last few hours did the company table the proposal for RSA! The proposal valued each RSA share at 550p! The shareholders of RSA will receive personal dividend payouts worth approximately 3.5p per share in the event the takeover is 鍖nalized! If the takeover does goes through the overall price will be grown to 贈5.63 billion
  • 4. Analysts comment on the proposal and say that the mooted price was in the middle of the range that was expected by institutional shareholders in both Zurich and RSA! According to Londons Takeover Panel rules, Zurich will have to walk away if yesterdays deadline of 5:00pm expired
  • 5. Zurich is clearly excited about the takeover and are anxious for the process to be completed! Upon the interim results earlier this month, Zurich saw signi鍖cant bene鍖ts from an RSA takeover! Zurich did however also comment that any capital deployment would need to meet the same hurdles that we apply to any other investment
  • 6. There is de鍖nitely something between this deal as half year results from RSA that were showcased earlier this month showed that group operating pro鍖ts rose 84%! The pro鍖ts are high and the company is a stable investment income for Zurich! The insurer had its UK pro鍖ts at its highest levels since 2006 due to a much more disciplined approach to their business and the 10 year record high with its Canadian business
  • 7. Andrew Leighton Chamberlain It will be interesting to see how this proposal shakes out and where Zurich and RSA land. Thank you for viewing my presentation.!