Maiden Holdings (NASDAQ:MHLD) and Enstar Group (NASDAQ:ESGR) agree to extend the time to complete their previously announced loss portfolio transfer and adverse development reinsurance contract until July 31, 2019.
Maiden Holdings jumps 7.1% to $0.6851 in early afternoon trading.
The proposed agreement has been submitted to the applicable regulators for approval, which remains pending.
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