Zurich-Beazley deal moves forward as terms agreed

Under the agreed terms, Beazley shareholders will receive total value of 1,335 pence per share, consisting of 1,310 pence in cash plus a permitted dividend of 25 pence. The aggregate cash consideration is approximately $10.9 billion and will be funded through a mix of existing cash (~$3.0bn), new debt facilities (~$2.9bn), and a capital raise and share placement via accelerated bookbuild (~$5.0bn).