QBE Insurance has denied it has received a corporate proposal from German insurance giant Allianz after media reports suggested the two insurers had been in “informal talks” about a potential takeover.
German newspaper Handelsblatt reported overnight that Allianz chief executive Oliver Baete met QBE boss John Neal before Christmas and suggested an offer of $15 a share, which would value the company at $20 billion.
See full article here: http://www.smh.com.au/business/banking-and-finance/allianz-eyes-qbe-insurance-germanys-handelsblatt-newspaper-reports-20170129-gu138y.html