Zurich Insurance Group launches $415 million takeover bid for ClearView Wealth at $0.65 per share, representing a 20.4% premium to the three-month volume weighted average price. The offer values ClearView at 1.2 times book value based on net assets of $349.8 million as of June 2025. ClearView's board unanimously recommends shareholders accept the scheme, with major shareholder Crescent Capital Partners, controlling 53% of shares, committing to vote in favour. Shareholders are eligible for daily ticking fees of $0.009 per share if completion extends beyond the target date of 30 September, with additional compensation of $0.013 per share daily if the deal closes after 1 January 2027. ClearView may distribute up to $0.05 per share in fully-franked dividends before completion, potentially bringing total consideration to $0.67 per share including franking credits for eligible shareholders.
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