Australia insurer IAG rejects A$8.7 bln QBE offer

reuters.com     May 20, 2008            

SYDNEY, May 20 (Reuters) - Australia Insurance Group (IAG.AX: ) on Tuesday rejected a takeover proposal by rival Australian insurer QBE Insurance Group Ltd (QBE.AX: ), saying it was too low. Australia's top insurer by premium income, QBE is offering A$8.7 billion ($8.2 billion) in cash and shares... [read full story]                    


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