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Donegal Financial Services Corporation and Union National Financial Corporation Amend Pricing of Merger
Wednesday, September 1, 2010 - 4:24pm | 193Donald H. Nikolaus, President of Donegal Financial Services Corporation, and Mark D. Gainer, Chairman, President and Chief Executive Officer of Union National Financial Corporation (OTCBB: UNNF), today jointly announced the execution of an amendment to the Agreement and Plan of Merger dated April...
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NASDAQ Stocks Hitting 52-Week Highs (ARUN, SLRY, TIBX, AMPH)
Wednesday, September 1, 2010 - 1:21pm | 213Aruba Networks Inc (NASDAQ: ARUN) shares reached $19.18 to create a new 52-week high, before falling to $19.10, representing a 4.03% gain. ARUN’s shares have advanced 112.75% over the past 52 weeks, while the S&P 500 index has gained just 5.14% in the same period. Salary.com (NASDAQ: SLRY)...
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Warren Wants Wesco
Wednesday, September 1, 2010 - 12:15pm | 739Warren Buffett wants to own all of Wesco Financial (WSC). He is looking to make Wesco a wholly owned subsidiary of the legendary Berkshire Hathaway. Buffett’s company Berkshire Hathaway already owns over 80% of Wesco and is looking to buy the remainder of the company. So, why is Berkshire...
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Warren Wants Wesco
Wednesday, September 1, 2010 - 12:15pm | 732Warren Buffett wants to own all of Wesco Financial (WSC). He is looking to make Wesco a wholly owned subsidiary of the legendary Berkshire Hathaway. Buffett’s company Berkshire Hathaway already owns over 80% of Wesco and is looking to buy the remainder of the company. So, why is Berkshire...
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PRA Agrees To Buy AMPH; Shares Climb
Wednesday, September 1, 2010 - 11:17am | 187ProAssurance Corp (NYSE: PRA) announced on Wednesday its plans to acquire American Physicians Service Group (NASDAQ: AMPH) for about $233 million in cash. The acquisition would expand the property and casualty insurer’s presence in Texas. PRA has agreed to pay $32.50 a share for its smaller rival....
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Mid-Day Market Movers (SLRY, SRZ, AMPH, PTSX)
Wednesday, September 1, 2010 - 10:46am | 177Salary.com (NASDAQ: SLRY) jumped 42.31% to $4.07 at 10:27 am. Kenexa Corp (NASDAQ: KNXA) has agreed to buy SLRY for about $80 million or $4.07 per share, representing a 42% premium to SLRY’s closing price on Tuesday. Sunrise Senior Living Inc (NYSE: SRZ) climbed 32.13% to $2.92. HCP Inc (NYSE: HCP...
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ProAssurance to Acquire American Physicians Service Group (PRA, AMPH)
Wednesday, September 1, 2010 - 9:16am | 67ProAssurance Corporation (NYSE: PRA) and American Physicians Service Group, Inc. (Nasdaq: AMPH) today announced they have entered into an agreement which calls for ProAssurance to acquire all the outstanding shares of American Physicians Service Group, Inc. in an all-cash transaction for $32.50 per...
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Berkshire, Allstate Eye RBS Insurance - Analyst Blog
Wednesday, September 1, 2010 - 5:15am | 629Yesterday, the Sunday Times reported that Warren Buffett, the chairman and chief executive officer of Berkshire Hathaway Inc. (BRK.A, BRK.B) is lining up along with American insurer Allstate Corp. (ALL) to buy insurance units Churchill and Direct Line of Royal Bank of Scotland (RBS). The UK...
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First Acceptance Corporation Reports Operating Results (FAC)
Tuesday, August 31, 2010 - 4:17pm | 486First Acceptance Corporation (NYSE: FAC) today reported its financial results for the quarter and fiscal year ended June 30, 2010. Revenues for the three months ended June 30, 2010 were $56.0 million, compared with $61.7 million for the same period in fiscal year 2009. Income before income taxes...
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The Hanover Insurance Group, Inc. Declares a Quarterly Dividend of $0.25 (THG)
Tuesday, August 31, 2010 - 12:36pm | 52The Hanover Insurance Group, Inc. (NYSE: THG) announced today that its board of directors declared a dividend of 25 cents ($0.25) per share on the issued and outstanding common stock of the company, payable September 23, 2010, to shareholders of record at the close of business on September 10, 2010.
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Calls Purchased on Chubb Corp. (CB)
Monday, August 30, 2010 - 11:45am | 206Shares of Chubb Corp. (NYSE: CB) are higher on the session by 0.07%, currently trading at $54.52. The stock has been moving largely higher over the past two months and is breaking to a new 52-week high this morning. Options traders are buying call on the name today as well. The September $55 call...
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Unconfirmed chatter (BRKB) will acquire The Chubb Corporation (CB) For $77.00 a share
Monday, August 30, 2010 - 9:51am | 37Unconfirmed chatter (BRKB)Berkshire Hathaway will acquire The Chubb Corporation (CB) For $77.00 a share..Companies could not be reached for comment (CB).(BRKB)
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Chubb Could Be In Play
Monday, August 30, 2010 - 9:35am | 42Chubb (NYSE: CB) chatter going around that Berkshire (NYSE: BRK) looking to buy Chubb Corporation, talk is the $70’s-$75 range. Unable to reach company thus far.
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Ambac Withdraws $1B Offering - Analyst Blog
Friday, August 27, 2010 - 1:36pm | 481Ambac Financial Group, Inc. (ABK) has withdrawn its plans for the sale of up to $1 billion worth of securities, as the late filing of its 10-K for fiscal 2009 annual report debarred it from issuing securities. Ambac Financial withdrew the S-3 registration statement filed on April 1, 2009. Earlier...
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American Physicians Upgraded - Analyst Blog
Friday, August 27, 2010 - 12:54pm | 522We are upgrading our recommendation to Outperform from Neutral on American Physicians (AMPH), as we believe the company is set to benefit from its expansionary initiatives and excellent policyholder retention as well as aggressive share buyback program. The company is now focused on expanding...