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RSA shareholders should bite the hand off the cash bid

By Chris Bailey of Financial Orbit | Sunday 8 November 2020

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

When Malcolm wrote here back in late February that ‘the world has never been so precarious, making big insurance companies even more essential’, none of us would have expected the events of the last eight or nine months.  Anyhow, I hope Malcolm held onto the Royal & Sun Alliance (RSA) shares he loved up in that article, as the late Thursday bid for the company at 685p in cash by a consortium of the Canadian insurer Intact Financial and the Danish insurer Tryg gives all shareholders the nicest of decisions.  

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