Beazley rejects Zurich's takeover offer

On this episode of Stock Movers:
- Beazley shares fall as much as 7% before paring losses after the Lloyd’s of London insurer’s board unanimously rejects a cash proposal of 1,280p per share from Zurich Insurance Group, according to a statement.
- B&M European Value Retail SA cut its guidance as the cost of its turnaround plan, including clearing inventory, weighs on profit.
- Telenor agreed to sell its stake in Thai telecommunications operator True Corp. to Arise Digital Technology Co. for a total value of 39 billion kroner ($3.9 billion).

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