Sompo to acquire Endurance at 45% premium

Big three Japanese insurer Sompo is poised to announce a deal to
acquire New York-listed (re)insurer Endurance for well in excess of
$6bn.
The story was first reported by Japanese paper the Nikkei, but
has been independently confirmed by this publication.
Sources told this publication that the deal represents roughly a
45 percent premium to the undisturbed share price of $64.96, which
would be equivalent to nearly $6.4bn.
The deal would value Endurance, led by John Charman, at around
1.4x...