Feb 24 (Reuters) - Australia's ClearView Wealth said on Tuesday that the local unit of Zurich Insurance Group has agreed to buy the life insurer for A$408.3 million ($288.30 million). Under the deal,
Zurich Insurance to Acquire Australia’s ClearView Wealth for $288M
Deal Overview and Terms
Feb 24 (Reuters) - Australia's ClearView Wealth said on Tuesday that the local unit of Zurich Insurance Group has agreed to buy the life insurer for A$408.3 million ($288.30 million).
Premium to Last Close
Per-Share Cash Payment
Shareholder Consideration
Under the deal, ClearView shareholders will receive cash consideration of 65 Australian cents per share, a 21.5% premium to its last closing price.
Exchange Rate Used
Currency and Valuation
($1 = 1.4162 Australian dollars)
Reporting and Editing Credits
(Reporting by Nichiket Sunil in Bengaluru; editing by Rashmi Aich)
