Zurich-Beazley proposal attracts scrutiny from Berenberg and Moody’s

In a January 20 notice, Berenberg estimated 5.6% EPS accretion on the present indicated value, assuming 40% debt and money funding with the rest financed by means of share issuance. The dealer mentioned its modelling assumes no income or price synergies. It additionally estimated accretion would stay above 4% as much as round 1,430p, earlier than dropping to three.9% at 1,480p.