Sompo Japan to Buy Endurance (ENH) - Nikkei

October 4, 2016 2:03 PM EDT

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(Updated - October 4, 2016 2:07 PM EDT)

Sompo Japan Nipponkoa firmed up plans Tuesday to acquire Endurance (NYSE: ENH), according to Nikkei. Sompo Japan will acquire outstanding shares without a tender offer in a deal that is seen valued at around $6.5 billion, the report said. An agreement could be finalized and announced on Wednesday.

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