The Financial Times Deutschland newspaper reported Allianz has submitted a bid of less than €200 million ($264 million) for the broker, well below Groupama’s hopes of €700 million [$924 million].
Allianz can afford to submit a low-ball bid because it is not desperate to make acquisitions, investment bankers said.
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Sounds like the “Pawn stars” guy…. $924,000,000? Ehh best I can do is $200.
Uh, let’s see. this article appears right after Hartford P/C splits off from their life operations? Could the long-rumored Allizanz takes over Hartford deal finally be in the works? Allianz isn’t messing around unless it is going to be big.
The Financial Times Deutschland newspaper reported Allianz has submitted a bid of less than €200 million ($264 million) for the broker, well below Groupama’s hopes of €700 million [$924 million].
Allianz can afford to submit a low-ball bid because it is not desperate to make acquisitions, investment bankers said.
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Sounds like the “Pawn stars” guy…. $924,000,000? Ehh best I can do is $200.
Uh, let’s see. this article appears right after Hartford P/C splits off from their life operations? Could the long-rumored Allizanz takes over Hartford deal finally be in the works? Allianz isn’t messing around unless it is going to be big.