Scor SE (SCOR.PA)
Tue, Sep 18 2018
PARIS, Sept 18 An activist investment fund on Tuesday put pressure on French reinsurer Scor's management after it rejected a friendly 8.2 billion euro ($9.57 billion) takeover offer late last month.
PARIS Unlisted French cooperative insurer Covea is working on a new approach to its planned takeover of reinsurer Scor after its friendly 8.2 billion euro ($9.5 billion) offer was rejected last month, two sources close to the deal said on Friday.
PARIS Unlisted French cooperative insurer Covea is working on a new approach to its planned takeover of reinsurer Scor after its friendly 8.2 billion euro offer was rejected last month, two sources close to the deal said on Friday.
* Covea seeks new ways to convince Scor's board to accept offer
PARIS, Sept 5 French reinsurer Scor on Wednesday justified its rejection a takeover bid from rival Covea, which valued the company at more than 8 billion euros ($9 billion), saying remaining independent would help performance.
PARIS, Sept 5 French re-insurer Scor said on Wednesday it expects gross written premium growth of between 5 percent and 7 percent this year and next thanks to solid customer growth, investments and technological efficiencies.
PARIS Shares of French re-insurer Scor surged on Tuesday after its board turned down a friendly takeover offer from privately held insurance company Covea, with investors anticipating that a higher bid would materialise.
* Covea withdraws offer, but says still interested (Adds details, updates Scor share price)
PARIS, Sept 4 Privately-held insurance company Covea announced on Tuesday that reinsurer Scor had rejected an acquisition offer but said it still remained interested in a friendly tie-up.
PARIS, July 26 French reinsurer Scor said its net profit in the second quarter of this year fell 37 percent to 96 million euros ($112.58 million) because of an accounting charge related to tax reforms in the United States.