Deals
Endurance to Take Over Montpelier Re for About $1.83 Billion
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Endurance Specialty Holdings Ltd. agreed to buy Montpelier Re Holdings Ltd. for about $1.83 billion in cash and stock months after abandoning a hostile bid for another Bermuda-based insurance company.
Endurance will pay $9.89 in cash and 0.472 Endurance share for each share of Montpelier, the companies said Tuesday in a statement. At $40.24 a share, the transaction values Montpelier