Dealmakers may not like it when reports cite one-day premiums, arguing they are an incomplete...

|By:, SA News Editor

Dealmakers may not like it when reports cite one-day premiums, arguing they are an incomplete snapshot. But before this morning's announcement that Nationwide had paid a near-90% premium for Harleysville (HGIC +86.1%), the acquired company's shares were down 3.8% over the last 12 months, and the highest they had reached was ~$37.50.