Posted on 16 Nov 2010
Beazley has once again had a bid rejected by competitor’s Hardy Underwriting.
A previous 300p per share offer was rejected, followed by the most recent offer of 330p. The Hardy board would not recommend the sale and according to Beazley were not even willing to meet and discuss it.
Beazley has suggested that shareholders should put increased pressure on the Hardy board as the price offered was above the company’s highest share price reached previously.