According to reports, analysts now say that AXA will have to pay at least 500 pence ( $7.90) per share if it wants to acquire the 43.7 percent of Sun Life and Provincial Holdings it doesn’t already own. AXA had originally offered 420 pence ($6.64), but the Independent Directors have apparently rejected this figure as insufficient.
One of the largest independent minority shareholders, Prudential, was reportedly seeking 600 pence($9.48) per share. While the independently traded shares of SLPH had fallen considerably below the level of AXA’s initial offer, it still appears to be too low for the Independent Directors. As reported earlier, AXA is expected to make a new offer this week.
Topics AXA XL
Was this article valuable?
Here are more articles you may enjoy.
Insurers Avoid €580 Million Hit From Nord Stream Pipeline Blasts 
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
NYC to Publicly Identify Buildings Testing Positive for Legionnaires’ Bacteria 
Midtown Manhattan Buildings Evacuated After Collapse Warning 
