Ace (ACE +0.3%) will pay $1.1B to acquire the outstanding stock it doesn't already own of...

|About: ACE Limited (ACE)|By:, SA News Editor

Ace (ACE +0.3%) will pay $1.1B to acquire the outstanding stock it doesn't already own of privately-held Rain and Hail Insurance. Ace holds a ~20% stake in the crop insurer. The deal is expected to be completed by the end of 2010. (PR)