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Stock Market & Financial Investment News

News Breaks
December 19, 2012
10:01 EDTAWH, AXS, ENH, MRH, PTP, VR, ALTE, MKLAlterra up after deal, analyst positive on Bermuda peers
Insurance company Alterra (ALTE) is rallying after Markel Corporation (MKL), a financial holding company, agreed to buy Alterra for $31 per share in cash and stock, or $3.13B. Each Alterra share will be exchanged for $10 and 0.04315 Markel shares, the companies said. In a note to investors earlier today, Wells Fargo analyst John Hall wrote that the acquisition of Alterra, which is based in Bermuda, should boost the share prices of other Bermuda based companies that are trading significantly below their book values. Allied World (AWH), AXIS Capital (AXS), Endurance Specialty (ENH), Montpelier Re (MRH), Platinum Underwriters (PTP), and Validus (VR) are examples of such companies, the analyst wrote. In early trading, Alterra surged 24.02% to $28.71, Allied World rose 1.89% to $80.15, Endurance Specialty gained 3.01% to $40.69, Montpelier Re added 1.97% to $22.78, Platinum Underwriters climbed 4.16% to $47.06, and Validus increased 1.54% to $34.85.
News For AWH;AXS;ENH;MRH;PTP;VR;ALTE;MKL From The Last 14 Days
Check below for free stories on AWH;AXS;ENH;MRH;PTP;VR;ALTE;MKL the last two weeks.
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August 29, 2014
16:32 EDTMKLMarkel announces acquisition of Vanderpol & Dan Boer
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August 22, 2014
06:23 EDTAWHAllied World to host conference call
Conference call to discuss agreement to acquire RSA Singapore and Hong Kong will be held on August 25 at 9 am. Webcast Link
August 21, 2014
17:28 EDTAWHAllied World to acquire Hong Kong, Singapore operations of RSA for $215M
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