PSC Insurance Group says it has received “multiple strategic approaches” and is taking part in discussions that “may or may not lead to an offer being made for PSC”.

The listed group entered a trading halt this morning after informing the Australian Securities Exchange (ASX) that it would make an announcement regarding media speculation.

The Australian Financial Review today published an article claiming PSC had held informal discussions with “at least two offshore insurance companies”, and had hired Goldman Sachs to steer preliminary takeover talks.

The newspaper stressed it was not suggesting PSC has received a formal takeover proposal that would require disclosure.

This afternoon PSC released a statement to the ASX in reference to "recent speculation”.

“PSC confirms that it has recently received multiple strategic approaches and is in discussions that may or may not lead to an offer being made for PSC,” it said.

“Strategic discussions always require a period of information sharing and exploration. Consistent with that experience current discussions are subject to due diligence and negotiation and remain incomplete. 

“It is uncertain whether these discussions will lead to any specific outcome.”

PSC says it is complying with ASX listing rules and will keep the market informed in accordance with disclosure obligations.