IAG rejects QBE's "final" offer
May 20, 2008
Insurance Australia Group, fending off a hostile $8.7 billion takeover from QBE Insurance Group, said it won't recommend the offer as it is too low.
Insurance Australia Group rejects takeover offer from QBE Insurance
The board of Insurance Australia Group Ltd. said Tuesday it will not recommend to shareholders the 8.7 billion Australian dollar (US$8.4 billion; €5.3 billion) takeover proposal from rival QBE Insurance Group Ltd., terming it inadequate and opportunistic.
Insurance Australia Group rejects QBE buyout bid; takeover tussle looms
Insurance Australia Group has rejected a 7.4 billion Australian dollar (US$6.8 billion; €4.3 billion) unsolicited bid from rival QBE Insurance Group Ltd. as inadequate, the companies said Tuesday.
Takeover tussle looms between QBE and...
Insurance Australia Group has rejected a $7.55 billion offer from QBE Insurance Group in what investors say may be the start of a takeover battle.
IAG rejects QBE merger offer: 'too low'
Insurance Australian Group has rejected a $7.45 billion takeover offer from rival QBE Insurance Group as too low.
IAG rejects QBE's sweetened $8.7b bid
Insurance Australia Group Ltd's board says it cannot recommend QBE Insurance Group Ltd's "inadequate and incomplete" revised $8.7 billion proposal.
Merrill says good 'buy' to QBE
QBE Insurance is unlikely to have another tilt at Insurance Australia Group and there are plenty of other companies for it to buy, a broker says.
QBE extends IAG takeover proposal time
QBE Insurance Group has extended its multi-billion dollar proposal to acquire rival Insurance Australia Group by another week.
QBE says it approached IAG about merger
QBE Insurance Group says it approached Insurance Australian Group about a possible merger, but has been rebuffed.
Insurance Australia Loses Its Head (CEO)
Chief Executive Michael Hawker steps aside, following the auto and home insurer's dimming outlook and much crtiicism, having spurned a rich takeover bid from QBE Insurance Group.
Insurance Australia Group rejects QBA merger bid; takeover tussle looms
QBE Insurance Group Ltd. on Tuesday revealed a 7.4 billion Australian dollar (US$6.8 billion; €4.3 billion) bid for rival Insurance Australia Group, which quickly rejected the offer.
IAG rejects offer for QBE
QBE Insurance Group says it approached Insurance Australian Group last week about a possible merger, but has been rebuffed by the target.
QBE 'unaware' of takeover approach
QBE Insurance shares jumped as much as 10 per cent on Thursday on media speculation the global insurance giant could be a takeover target.
QBE sweetens takeover offer for IAG
QBE Insurance Group has sweetened its takeover offer for IAG but says the target has indicated it thinks the fresh bid is still too low.
05/19/08
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