(Bloomberg) — Tower Group International Ltd., the insurer that agreed to be bought by ACP Re Ltd., plunged to a record low amid doubts over whether the deal will be completed.
Tower declined 19% to $1.65 at 9:52 a.m. in New York. The stock has lost half its market value this year, after plunging 78% in 2013 on higher-than-expected claims costs.
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