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Stock Market & Financial Investment News

News Breaks
May 15, 2014
06:06 EDTTWGPTower Group turns down unsolicited proposal from Euroins Insurance Group
Tower Group received an unsolicited letter dated May 12 from Eurohold Group and Euroins Insurance Group outlining a proposed stock-for-stock transaction pursuant to which EIG would acquire Tower. Tower’s board of directors has unanimously determined that such proposal does not constitute and could not reasonably be expected to lead to a “Superior Proposal” as defined in the merger agreement amended as of May 8, among Tower, ACP Re, and London Acquisition Company Limited. As a result, Tower will not pursue the proposal contained in the letter. Tower continues to be bound by the terms of the merger agreement with ACP Re.
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July 29, 2014
11:46 EDTTWGPTower Group to hold a special shareholder meeting
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