Catlin rumoured to be in line for takeover approach
Catlin, the UK-listed insurer based in Bermuda, is rumoured to be a possible target for takeover, the Financial TImes reported.
The market report said Catlin’s share price rose to 582p, up 2.8%, on 16 December amid chatter that an approach could be on the cards.
The report noted that Catlin has been considered a possible target ever since its peer Brit Insurance was bought out by private-equity companies four years ago.
Catlin has a market capitalisation of GBP 2.087bn (USD 3.281bn).
Financial Times