RSA shares are going crazy right now

RSA Insurance shares are soaring on news that Zurich Insurance is mulling a takeover.

The stock is up over 14% today so far.

Zurich said it “notes the recent market speculation in relation to RSA Insurance Group PLC and confirms that the company is evaluating a potential offer.”

RSA has a market cap of £4.4 billion but the bid may come in over £5 billion, commentators have said.

Here’s the huge jump this morning:

RSA popInvesting.comRSA shares are jumping after Zurich confirmed it was looking.

NOW WATCH: 50 Cent testifies his lifestyle is an illusion

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.