Just over a year ago, various media reports linked Allianz with a A$15 per share bid for QBE, valuing it at A$20 billion.
While that's less than half QBE's record high SP, after repeated underwhelming performances, there would be numerous holders who would consider such a bid now.
More recently, in Warren Buffett's annual letter to Berkshire Hathaway shareholders released on Saturday, Buffett said Berkshire has US$116 billion to spend on a deal, but can't find anything at "a sensible purchase price".
IAG seems to be working well for Berkshire. Buffett loves insurance.
At A$15ps for QBE, Berkshire would still have US$100 billion to spend on deals!
DYOR
Screaming Buy?, page-28
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Last
$16.87 |
Change
-0.145(0.85%) |
Mkt cap ! $25.41B | |||
| Open | High | Low | Value | Volume |
| $17.01 | $17.13 | $16.72 | $39.62M | 2.339M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 5526 | $16.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.87 | 8970 | 20 |
View Market Depth
| Last trade - 12.56pm 18/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |