NEW YORK, Jan. 6, 2014 (GLOBE NEWSWIRE) -- AmTrust Financial Services, Inc. (Nasdaq:AFSI) ("the Company") announced it has agreed to acquire the renewal rights and assets of the commercial lines insurance operations ("Commercial Lines Business") of Tower Group International, Ltd ("Tower") in connection with an agreement simultaneously entered into by ACP Re Ltd, ("ACP Re"), a privately held Bermuda corporation, and Tower pursuant to which a subsidiary of ACP Re has agreed to acquire 100% of the outstanding stock of Tower for $3.00 per share and merge with Tower, subject to regulatory and shareholder approval (the "Merger").
AmTrust Financial Services, Inc. To Acquire Renewal Rights And Assets Of Tower Group International's Commercial Lines Insurance Business
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