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Tokyo-based SOMPO Holdings agreed to buy $ENH for $93 per share in cash. The aggregate consideration is about $6.3Bil. The acquisition has been approved b BoD of $ENH and will be effected through SOMPO's unit SOMPO Japan NI. It is expected that the transaction will close before the end of SOMPO's current fiscal year-end March 31, 2017.
Wow! $MCD scores again.