Argo Group International (AGII) Offers to Acquire Heritage Underwriting Agency
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Argo Group International Holdings Ltd., (Nasdaq: AGII) announced an offer to acquire Heritage Underwriting Agency, Plc, a successful Lloyd's insurer, in a $272 million all-cash transaction.
The strategic combination of Argo and Heritage will create a broader underwriting platform, with increased market presence, as well as an extended geographic capability and distribution network. [LJ]
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