NU Online News Service, June 22, 2:37 p.m. EDT
Property-casualty insurer Tower Group Inc. in New York will acquire Chicago-based Specialty Underwriters' Alliance, Inc. for $107 million, it was announced today
Under the terms of the proposed agreement approved by both company boards, if SUA shareholders okay the deal they would receive Tower common stock equal to $6.72 per SUA share based on Friday's closing stock price for Tower of $24.
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