QBE Considers Raising Bid for Insurance Australia, Review Says

is
considering elevation its coup d'etat offering for Insurance Australia
Group Ltd. this hebdomad as it seeks to carry its challenger to begin
negotiations, the reported.

QBE may raise its hard cash and scrip offer, deserving A$7.6 billion
($7.3 billion) when it was made in mid-April, arsenic early as
tomorrow, the newspaper said, without citing anyone. QBE, which
has twice extended the offering without overturning 's initial rejection, will probably walk away should
the mark still disregard an increased bid, it said.

The bidder could afford to raise its offering by between 5
percent and 10 percentage and still do the acquisition profitable,
the Reappraisal said, citing analysts it didn't name.

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