Tower Group to Merge with ACP Re
Transaction expected to close by summer 2014.
INN Breaking News, January 6, 2014
Tower Group International Ltd. has entered into a merger agreement with ACP Re Ltd., and a wholly owned subsidiary of ACP Re. The subsidiary will merge with Tower. Tower will remain as the surviving corporation in the merger and a wholly owned subsidiary of ACP Re. The transaction is expected to close by summer 2014.
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