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UK insurance underwriter to be acquired for $325 million

Posted On: Sep. 20, 2019 7:04 AM CST


U.S.-based equity firm Lovell Minnick Partners LLC- backed Jewel U.K. Bidco Ltd. will acquire U.K.-based insurance underwriting services provider Charles Taylor PLC for more than $325 million, Reuters reported. The offer represents a 34% premium to Charles Taylor's closing share price on Sep. 18.

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