In a brief statement, issued by its office in Dublin, Beazley plc confirmed that it is to undertake a strategic review of the business of Hardy Underwriting Bermuda Limited.
The statement followed the announcement by the board of Hardy on December first, that Beazley was interested in “entering into exploratory discussions with Hardy regarding a possible offer to acquire the entire issued share capital of Hardy.”
Beazley cautioned, however, that the announcement “does not represent a firm intention to make an offer and there can be no certainty that an offer by Beazley will be made.”
Source: Beazley plc
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