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Fosun International agrees to acquire Meadowbrook Insurance Group for $433 million, expanding its insurance business and gaining access to the US property and casualty market. The offer represents a 21% premium over Meadowbrook's closing price. The deal, subject to shareholder approval and regulatory review, is expected to close in the second half of 2015. Meadowbrook will retain its headquarters and operate under its existing brand name.
Monday, 29 December, 2014