By Matthew Guarnaccia (August 22, 2018, 12:30 PM EDT) -- The Hartford Financial Services Group Inc. on Wednesday said it will take over specialty underwriter The Navigators Group in a $2.1 billion deal, with Mayer Brown LLP steering the Connecticut-based buyer and Sidley Austin LLP guiding the seller.
According to The Hartford, the all-cash deal will see the company pay $70 per Navigators share, representing an 18.6 percent premium on the company's average stock price over the past 90 trading days.
The Hartford — a provider of property and casualty insurance, group benefits and mutual funds — said the deal for Navigators improves its capabilities through the addition of new U.S....
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