NU Online News Service, July 6, 3:20 p.m. EDT
The chairman of Flagstone Reinsurance Holdings expects the board of IPC Holdings to decide by tomorrow whether it will endorse Flagstone's offer to acquire IPC in a deal valued at $1.8 billion.
Speaking during a conference call this morning to detail the benefits of the proposed acquisition deal announced late last Wednesday, Flagstone Chairman Mark Byrne confirmed that IPC's board has asked all perspective suitors to put forth their "best and final offers" by the day's end.
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