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Stock Market & Financial Investment News

News Breaks
December 19, 2012
10:01 EDTMKL, PTP, AXS, ALTE, MRH, AWH, VR, ENHAlterra 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
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February 27, 2015
09:16 EDTPTPRenaissanceRe announces preliminary Platinum shareholder merger considerations
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08:17 EDTPTPPlatinum Underwriters shareholders approve acquisition by RenaissanceRe
Platinum Underwriters (PTP) announced that at a special general meeting of shareholders, all proposals related to the company's pending acquisition by RenaissanceRe (RNR) were overwhelmingly approved by the company's shareholders. The transaction is expected to close on March 2, 2015. As previously announced, prior to the effective time of the merger on March 2, 2015, Platinum will be paying a special dividend of $10.00 per Platinum common share to shareholders of record as of close of business today.
February 26, 2015
16:45 EDTENHEndurance Specialty raises quarterly dividend to 35c per share
Endurance Specialty announced that its board declared a quarterly dividend of 35c per share payable on its ordinary shares. The dividend on Endurance's outstanding ordinary shares will be payable on March 31, to the ordinary shareholders of record on March 17.
February 24, 2015
10:29 EDTPTPPlatinum Underwriters to host special shareholder meeting
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February 17, 2015
10:00 EDTAXSOn The Fly: Analyst Upgrade Summary
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08:40 EDTAXSAXIS Capital upgraded to Neutral from Sell at Citigroup
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