Following last weeks news of the US$9.5bn bid for RSA Insurance in the UK is anyone else looking at QBE through the lens of being a near term target in a sector that’s pushing through a consolidation cycle?
The valuation read across for the RSA bid would imply about 30% upside from here.
The business has cleaned a lot of garbage out over the past 18months, making it significantly more attractive to a suitor. The lack of a permanent CEO is interesting, current chap could be seen to be acting as a caretaker while the shingle is being hung out?
any intelligent opinions out there?
QBE M&A, in play?
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Last
$16.97 |
Change
0.180(1.07%) |
Mkt cap ! $25.42B | |||
| Open | High | Low | Value | Volume |
| $16.86 | $17.05 | $16.85 | $28.94M | 1.706M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 7479 | $16.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.97 | 5405 | 8 |
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| Last trade - 14.05pm 23/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |