Hiscox and Magnum Ice Cream Shares Jump on Takeover Speculation
Shares in insurer Hiscox and The Magnum Ice Cream Company surged following reports of potential takeover bids from private equity firms like Blackstone and CD&R. The speculation has led to significant market activity for both companies.
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Shares in Hiscox jump after report on potential bid for insurer - Reuters
Shares in Hiscox jump after report on potential bid for insurer Reuters
Read full article →FTSE 100-listed insurer Hiscox’s shares leap amid report of takeover bid
Canada’s Intact Financial Corp is said to be exploring offer, as London-listed Tate & Lyle attracts US suitor Shares in Hiscox surged to record highs on Friday as it became the latest UK takeover target after a flurry of overseas bids for British businesses this week. Canada’s Intact Financial Corp, which provides property and casualty insurance, is said to be exploring a potential takeover of Lloyd’s of London insurer Hiscox, according to a report by the Insurance Post. Continue reading...
By Kalyeena Makortoff
Read full article →Magnum Ice Cream stock soars 18% after report of potential private equity takeover
It comes just six months after Magnum Ice Cream Company spun off from Unilever to create the world's largest standalone ice cream maker.
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