Tower, ACP Re Amend Merger Deal

May 8, 2014

On Thursday, Tower Group International, Ltd. (“Tower”) and ACP Re, Ltd. (“ACP Re”) announced that they have amended their Jan. 3, 2014 merger agreement, reducing the per-share consideration and breakup fee.

See related article, A.M. Best Slashes Tower’s Financial Strength Ratings

Specifically, the amendment:

Sources: ACP Re, Tower