Beazley stock sticks close to Zurich offer as Australian regulator clears deal
Beazley shares traded at 1,284.5 pence Friday morning, about 2% below Zurich Insurance’s 1,310-pence-per-share cash offer, after Australia approved Zurich’s £8.1 billion takeover. UK, Swiss, and EU regulators have not yet cleared the deal. The 25p dividend was paid May 1. Shareholders backed the acquisition in April.