SCOR : Surprise offer from Covéa rejected
>Covéa’s € 43/share offer was rejected by Scor’s board - Covéa (GMF, MAAF and MMA) announced yesterday morning that it made an offer for Scor at € 43 per share in cash on 24 August. The offer was financed with internal resources and secured debt. The offer was contingent on the recommendation of Scor’s board which met on 30 August and refused to enter talks with Covéa to negotiate a friendly link-up on the basis of its proposal. Covéa said it had taken account of the ...
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