Hints and tips:
...Since then, it has consolidated its position in its domestic market with the acquisitions of rivals Delta Lloyd and Vivat. It also has businesses across Europe and in Japan....
...Lloyd....
...Dutch insurer Delta Lloyd has agreed to a €2.5bn takeover offer from rival NN Group....
...Delta Lloyd was advised by Goldman Sachs and Bank of America Merrill Lynch....
...Delta Lloyd will make further announcements if and when required....
...Delta Lloyd has a market capitalisation of €1.9bn and shares are up 1.3 per cent so far this year....
...NN Group wrote 3 per cent less new life business in the first half compared to the same period in 2015; new business declined by a fifth at Delta Lloyd....
...NN said it had gone public with its approach after the Delta Lloyd board turned down offers to discuss the deal privately. Delta Lloyd said on Wednesday that it would consider the proposal....
...Highfields, a Boston based value investor, is Delta Lloyd’s biggest shareholder, with over 9 per cent of the shares....
...Last week Delta Lloyd cut the size of the proposed rights issue from €1bn to €650m....
...Delta Lloyd was not immediately available for comment on the Highfields letter....
...Delta Lloyd shares leapt as much as 12 per cent at the start of trading this morning as shareholders rejoiced that the Dutch insurer had bowed to their wishes and cut the size of its rights issue....
...Delta Lloyd is to dramatically cut the size of its proposed rights issue following opposition from shareholders....
...A Dutch court has dealt a blow to rebel shareholders of insurance group Delta Lloyd....
...Highfields Capital has launched formal legal action against Delta Lloyd in an effort to block the Dutch insurer’s €650m rights issue....
...Dutch rival Delta Lloyd yesterday reported a ratio of 131 per cent. * The original headline has been corrected....
...agencies and of course shareholders in Delta Lloyd”....
...Fubon’s support came as part of a wider deal with Delta Lloyd....
...Tell that to Delta Lloyd. With one hand, the Dutch insurer has announced a 2016 cash dividend payout of €130m to keep shareholders sweet....
...Nowhere is that more clearly demonstrated than at Delta Lloyd’s largest shareholder....
...Delta Lloyd also on Wednesday reported its 2015 results....
...A Belgian bank that it bought from Delta Lloyd in 2014 has been renamed — to Bank Nagelmackers — and the chief executive has retired, but both moves were long expected....
...He added that “those insurers for which the negative yields debate is most relevant include AXA, Aegon, Allianz, Delta Lloyd, Generali, Munich Re, NN, Storebrand and Swiss Life.”...
...The disclosures by Delta Lloyd and Aegon underline the risks....
...In recent months it has agreed to purchase the 100-year-old Belgian insurer Fidea and the Belgian banking operations of Delta Lloyd....
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