NEW YORK (TheStreet
) -- Shares of Tower Group International, Ltd.
are falling -10.37% to $1.82 amid doubts its deal to be bought by ACP
, a trust established by AmTrust Financial Services Inc.
(AFSI - Get Report)
, will be completed, Bloomberg reported
Tower Group disclosed
late on Friday a request that ACP affirm its commitment to buy Tower for $2.50 a share, by 5 p.m. EST tonight as the company faces increased supervision from a Massachusetts regulator.Must Read: Warren Buffett's 25 Favorite Stocks
TWGP data by YCharts
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