White Mountains up more than 5% on OneBeacon sale

White Mountains shares rose in early trading in New York today
after it snared a $1.7bn agreement to sell specialty business
OneBeacon to Canada's Intact.
The Bermuda-based company secured a 1.65x multiple of book value
for the business and said the disposal of its 75.7 percent stake
would generate gross proceeds of $1.3bn, while lifting its adjusted
book value per share by $107.
By 10:09am EST time the stock was up 5.0 percent at $891.98.
The sale to Intact values...