Zurich ditches RSA $8.7bln takeover plan

ReutersNewsPublished: September 21, 201522 views
Published: September 21, 2015

Zurich Insurance abandons its proposed 5.6 billion pound ($8.7 billion) bid for British insurer RSA after a two-month courtship. As Grace Pascoe reports the decision came after RSA forecast a $200 million third-quarter loss largely due to explosions at the Chinese port of Tianjin.

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