Assurant gets a boost from Warranty Group deal

Assurant shares climbed 6.2 percent today in New York trading
after the US insurer announced a cash and stock deal to buy The
Warranty Group in a transaction valued at $2.5bn, including assumed
debt.
Shares of Assurant closed at $101.80 after rising as much as 6.6
percent. The stock closed yesterday at $95.86 on the New York Stock
Exchange.
The deal with TPG Capital, the private equity firm that controls
the provider of consumer guarantees and specialty insurance
products, will...