Nymagic Moves Up 21% On Acquisition News

Nymagic Inc NYM shares were up more than 21% after the company announced that it will be acquired by ProSight Specialty Insurance Holdings Inc for $25.75 a share, or $230 million. The New York insurance-holding company’s shares have fallen 5.36% over the past quarter and gained 26.98% so far this year. At 1:30 pm, NYM’s shares are trading at $25.34, reflecting a 21.53% gain. Read more from Benzinga's Markets.
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