RSA bid for Aviva units “not dead”

first_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Tags: NULL RSA bid for Aviva units “not dead” Friday 20 August 2010 5:59 am Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndo whatsappcenter_img Show Comments ▼ Share whatsapp John Dunne IGNIS Asset Management, an institutional shareholder in both Aviva and RSA, said a deal between the two insurers remained possible although RSA would have to raise its bid proposal for some Aviva units.Ignis owns roughly 0.5 per cent of Aviva’s share capital and around 1.5 per cent of RSA’s share capital.RSA said it was open to talks with Aviva after it rejected RSA’s £5bn bid proposal for some of Aviva’s main general insurance businesses.“I think the deal definitely remains possible,” Ignis Asset Management investment manager Martin Brown said.Brown said RSA’s approach undervalued the Aviva businesses.However, he added RSA would not necessarily have to raise its bid approach by much in order to oblige Aviva to put the proposal to its shareholders and for a deal to remain accretive for RSA’s own shareholders.“There’s no reason for the deal to be dead other than for RSA to be unwilling to pay more, but RSA would not have to raise its offer by much for Aviva to be obliged to consider it. “A ten per cent increase might be enough to persuade Aviva to consider it, or to oblige Aviva to put it to its shareholders.” last_img read more