Under the agreed terms, Beazley shareholders will receive total value of 1,335 pence per share, consisting of 1,310 pence in cash plus a permitted dividend of 25 pence. The aggregate cash consideration is approximately US$10.9 billion and will be funded through a mix of existing cash (~US$3.0bn), new debt facilities (~US$2.9bn), and a capital raise and share placement via accelerated bookbuild (~US$5.0bn).