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

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)
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