NU Online News Service, April 21, 8:50 a.m. EST
In a move that spans the Atlantic, Hanover Insurance Group has made an offer to buy London-based Chaucer Holdings for $510 million.
The companies say the purchase is expected to close during the third quarter. It is subject to regulatory approvals in the United State, United Kingdom, and other jurisdictions, and Chaucer’s shareholders need to approve the transaction.
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