Allied World Assurance (AWH) To Acquire Darwin Professional Underwriters (DR) for $32/Sh
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Allied World Assurance Company Holdings, Ltd (NYSE: AWH) and Darwin Professional Underwriters, Inc. (NYSE: DR) announced a definitive merger agreement whereby Allied World would acquire Darwin.
Under the terms of the merger agreement, security holders of Darwin will receive approximately $550 million in cash, or $32.00 per share, in exchange for 100% of their interests in Darwin Professional Underwriters, Inc.
Darwin clsoed at $30.20 on Friday.
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