CNA Surety Takeover
On November 1, 2010. CNA Surety Corporation (NYSE: SUR) received an offer from CNA Financial Corporation (NYSE: CNA) to acquire the shares not currently owned for $22 per share.
The offer represents a 14% premium over Surety's last closing price.
CNA Surety's board of directors has formed a special committee consisting of the company's three independent directors.
UPDATE: On April 21, 2011, CNA Financial increased its offering to $26.55 per share for CNA Financial.
The offer represents a 14% premium over Surety's last closing price.
CNA Surety's board of directors has formed a special committee consisting of the company's three independent directors.
UPDATE: On April 21, 2011, CNA Financial increased its offering to $26.55 per share for CNA Financial.
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Notable Mergers and Acquisitions of the Day 04/21: (TRAD) (CNA)/(SUR) (BRKS) (KUTV)
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CNA Financial (CNA) Agrees To Acquire CNA Surety (SUR) for $26.25/Share
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FBR Capital Upgrades CNA Surety Corporation (SUR) to Outperform; 4Q10 Results Illustrate Why SUR is Worth Materially More than $22/Share
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FBR Capital Raises CNA Surety (CNA) to Outperform; Says Co. Worth At Least $29/Share in Buyout
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FBR Capital Maintains a 'Market Perform' on CNA Surety (SUR); SUR in Play, but Current Takeout Price Is Too Low - How Much Is CNA Willing to Pay?
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Unusual 11 Mid-Day Movers 11/01: AVNR, XCO, KSP, NTE, VTRO, SUR Higher; WL, BIOD, ANPI, ABK, CDII Lower
