Undervalued offer for IAG shares - Further warning

Insurance Australia Group Limited (IAG) has issued a further warning to its shareholders concerning an undervalued offer for IAG shares. A company trading as Shareholder Sales Group Pty Ltd of Elsternwick, Victoria, has approached IAG shareholders with an offer to buy their shares at $2.01, a price significantly below current trading levels. As at close of business yesterday, IAG shares traded at $4.39.

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