Market Overview

CNA Surety Jumping Higher (SUR)

CNA Surety Corporation (NYSE: SUR) is up 20% today on strong volume, after the company agreed to be acquired by CNA Financial (NYSE: CNA).

The agreed upon price was $375 million in cash, which is a $22 per share offer.

Shares are currently above the $22 offer, suggesting an alternative or raised bid may come in for CNA Surety.

CNA Surety Corporation provides surety and surety-related products and services in North America.

Posted-In: News M&A Movers

 

Most Popular

Related Articles (CNA + SUR)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters