Enstar slams Arch-Watford Re deal; proposes higher takeover bid


Bermuda-based re/insurer Enstar has made a second indicative non-binding offer to acquire Watford Re, which has already struck a $622m all-cash deal with Arch Capital Group, while expressing its forthright criticism and accusing Watford's board of not acting in the best interest of the company.

Enstar, Arch Capital, Watford Re, Mergers & Acquisitions, Insurance, Reinsurance, Bermuda

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