IAG Rejects QBE Takeover Bid HOT STOCKS

Insurance Australia Group, the top home and car insurer in the country, rejected as too low a 7.3 billion Australian dollar bid from its bigger rival, QBE Insurance Group, sending IAG shares up more than 14 percent on expectations of a higher offer.QBE, which has acquired 110 companies in the past 25 years, had been cited as a potential buyer of IAG after IAG's shares slid last year following profit declines and as its British expansion failed to meet market expectations.Originally published by Reuters.....

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