Generali shares may climb on INA deal

Article Abstract:

The article discusses Assicurazioni Generali SpA's takeover of Istituto Nazionale delle Assicurazioni SpA, which gives the former a leading position in the quickly growing Italian life insurance market. Life insurance industry in Italy is directly influenced by the Italians' doubts overt the future of the country's public pension system. Analysts predict Generali's stocks to climb to 32 or even 33 Euros per share from the current 29 Euros in the nearest future, and could possibly rise as high as 36 Euros per share when the takeover is completed.

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Regulator rules INA a takeover target

Article Abstract:

Consob, the Italian market regulator, announced that Assicurazioni Generali SpA's acquisition offer for INA SpA comes under the country's passivity rule. Consob ruled that the acquisition bid announcement on September 14, 1999 contained all the information needed for INA to be labeled as a acquisition target. Consob also ordered that the tender must get underway by January 2000.

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Ergo to acquire Bayerische Vita in 861 million euros deal

Article Abstract:

Ergo Versicherungsgruppe AG will acquire a share of Bayerische Vita in a transaction worth 861 million euros. Ergo will acquire 70% of Vita for 644 million euros, with the remaining shares to be offered to stockholders for 9.67 euros per share.

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