Why Tower Group (TWGP) Stock Is Falling Today

NEW YORK (TheStreet) -- Shares of Tower Group International, Ltd. (TWGP) 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), 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

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

Big Swing Trade Ideas for July 28: Apple, Goldcorp, Tower Group

Why Tower Group (TWGP) Stock Is Climbing Today

Why Tower Group International (TWGP) Stock Is Soaring Today

5 Hated Stocks That Could Get Squeezed Much Higher