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Stock impact report

James River gains amid report of entering talks with Global Indemnity [Seeking Alpha]

Global Indemnity Group, LLC Class A (DE) (GBLI) 
Company Research Source: Seeking Alpha
The insurer has engaged in sales talks with Global Indemnity, according to the Insurance Insider report on Wednesday, which cited unidentified sources. E&S carriers are now "poised" to enter due diligence. The update comes after Insurance Insider reported last Friday that Global Indemnity ( GBLI made an indicative offer of $15 a share for James River ( JRVR ), which sent its shares soaring 17.5%. The non-binding approach from Global Indemnity ( GBLI ) followed several attempts to approach James River ( JRVR ) over prior months, according to the report. Recommended For You More Trending News Recommended For You More Trending News Related Stocks Trending Analysis Trending News Show less Read more
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