News

Weekly briefs

Monday 7th of September 1998
Royal & SunAlliance's expected takeover of Guardian Assurance looks to have failed.
An announcement on the deal has been expected out of London (where both companies' parents are based), last week.
However the deal looks to have foundered on price. It has been suggested Royal & SunAlliance was likely to pay about $300 million for the New Zealand operations of Guardian Assurance.
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