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Aggregated China Business Blogs
Fosun To Acquire Meadowbrook Insurance For $433M
Aggregated Source: China Money Network
Shanghai-based Chinese conglomerate Fosun International Limited has agreed to acquire New York Stock Exchange-listed Meadowbrook Insurance Group, Inc. for a total of US$433 million, according to a joint announcement. Fosun is to pay for US$8.65 per share in cash, a 24% premium over the U.S. insurance firm's closing price on December 29, 2014 and a […]


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