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Stock Market & Financial Investment News

News Breaks
June 20, 2014
17:19 EDTPIHLegion Partners reports 7.2% stake in 1347 Property Insurance
Legion believes the shares, which currently trade at only a small premium to tangible book value, are meaningfully undervalued versus the company’s self-defined peers. Given this undervaluation and the significant opportunities Legion believes are available to the company to meaningfully expand its business given the capital which the company has successfully raised, Legion, in their capacity as stockholders of the company, plan to work proactively, where possible, to help it accelerate its business expansion.
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