National General Holdings stock

08 Jul: National General Holdings Corp. (NGHC) soars today on news

National General Holdings Corp. (NGHC) is up today more than 60% At 1:00 PM, ET time today shares of National General Holdings Corp. (NGHC)are gaining more than 60%, currently at 33.60+13.19 (+64.65%).The stock price reacts to the following news: National General Soars on $4 Billion Allstate Acquisition “Shares of National General Holdings (NGHC) – Get Report surged on Wednesday after insurance giant Allstate (ALL) – Get Report announced that it will acquire the property and liability insurance provider for about $4 billion in cash. National General stock surged 65% to $33.59 in trading on Wednesday after Allstate announced it will pay $34.50 a share for the company, about 69% more than the $20.41 closing price Tuesday. Allstate will fund the deal with $2.2 billion in cash resources and by issuing $1.5 billion in new senior debt. The acquisition “accelerates Allstate’s strategy to increase market share in personal property-liability and significantly…