Both Royal Bank of Scotland, backed by insurer CGU, and Bank of Scotland, backed by Prudential, made last minute increases in their offers for British bank NatWest. The new offers featured increased cash payments to shareholders, and value NatWest at around 拢24.1 billion ($39 billion).
NatWest management, as it has in the past, rejected both offers as insufficient, and noted that if either bank were to succeed they would be in a weakened position following the acquisition, putting shareholders’ interests at risk.
Was this article valuable?
Here are more articles you may enjoy.
Higginbotham Tests the Carolina Waters With Turbeville Acquisition 
Florida Citizens Clarifies What is ‘Comparable Coverage’ in HO, DP Policies 
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
What Happens to Property Pricing in ’27, Insurance, Reinsurance Execs Ask 
