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
$18.01 |
Change
-0.250(1.37%) |
Mkt cap ! $27.05B | |||
| Open | High | Low | Value | Volume |
| $18.34 | $18.35 | $17.88 | $53.45M | 2.967M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9361 | $17.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.01 | 26664 | 3 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$18.00 |
Change
-0.250 ( 1.14 %) |
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| Open | High | Low | Volume | ||
| $18.35 | $18.35 | $17.89 | 442419 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| QBE (ASX) Chart |