Topdanmark sees best day ever after Sampo bid
** Shares in Danish insurer Topdanmark TOP.CO rise 21% after a takeover offer made by itsFinnish rival Sampo SAMPO.HE
** The all-share deal values Topdanmark at 33 billion Danish crowns ($4.73 billion), the two companies said in a joint statement on Monday
** Based on Friday's closing share prices, the offer represents a 27% premium per share of Topdanmark, the companies said
** Sampo already owns 48.5% of the Danish property and casualty (P&C) insurer, according to LSEG data
** Inderes analyst Kasper Mellas says the transaction did not come as a complete surprise
** "At this stage, we believe that the merger is likely to be completed, as the boards of both companies recommend its approval," Mellas adds
** On Monday, Sampo also said it wasto deploy EUR 800 million of capital through a new share buyback programme and potential squeeze-out of Topdanmark minority shares
** Topdanmark stock is on track for its best day ever, topping the pan-European STOXX .STOXX index, while Sampo shares slide 3% at 0720 GMT
($1 = 6.9743 Danish crowns)
Reporting by Elviira Luoma
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