Towergate prize scalp will not lead RSA takeover
Towergate has batted back rumours that, following its appointment of Patrick Snowball from Norwich U...
Towergate has batted back rumours that, following its appointment of Patrick Snowball from Norwich Union, the company has set its sights on a reverse takeover of NU rival Royal and SunAlliance. A spokesman dismissed the rumour as "flattering but fanciful", as the market absorbed the news of Snowball's appointment, which has been widely acknowledged as a coup for Towergate. RSA's current market capitalisation and share price suggests its value is at least four times that of Towergate.
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