RSA Insurance Group plc (LON: RSA) and Aviva plc (LON: AV) lose foothold

Aviva said, that the RSA proposal was not in the shareholders interests

In brief: Aviva plc (LON: AV) is reduced because of new problems. RSA Insurance Group plc (LON: RSA) shares lost in price as well.

Aviva plc (LON: AV) has completed trades around 377.90, losing -9.50 (-2.45%). RSA Insurance Group plc (LON: RSA) shares have dropped to 124.50 points, down -2.28%.

Aviva plc (LON: AV) the second largest in the UK insurance company explained the rejection of RSA offers. The proposal concerned the purchase of units of general insurance companies in the UK, USA, Canada and Ireland in the amount of 5 billion pounds ($ 7.8 billion) that it was not in the interests of shareholders. It is reported that the management of Aviva was unanimous in the rejection of the proposal RSA Insurance Group. Investors may seek to cancel this transaction, because the value of units can be evaluated more highly than the cost of the group.

Anrey Torbinski
2010-08-16 17:50, Economics.

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