- Fosun International (OTCPK:FOSUF) will acquire Meadowbrook Insurance Group (NYSE:MIG) for about $433M - a move that will expand the Chinese conglomerate’s core insurance business.
- The $8.65-a-share offer represents a 21% premium over Meadowbrook’s $7.13 closing price on Tuesday.
- MIG +18.5% premarket
Fosun to buy Meadowbrook Insurance for $433M
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| Symbol | Last Price | % Chg |
|---|---|---|
| FOSUF | - | - |
| Fosun International Limited | ||