QBE linked with Balboa acquisition talks
Australian insurer QBE is in advanced negotiations with Balboa over a potential takeover bid for around $2bn, according to reports.
QBE asked for trading on its stock to be halted until the company releases a statement concerning its preliminary 2010 results, information on Australian catastrophe losses and acquisition activity.
The release is expected before markets re-open in Sydney on Friday 4 February.
The expansive insurance group is rumoured to be close to finalising a deal with Bank of America, which...
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