Minnesota Power for the exchange of capital investment group return for shares of ACE Ltd
Duluth, Minn. PRNewswire - Minnesota Power (NYSE: MPL) announced today that they exchange their shares for shares in Capital Re (NYSE: KRE) for common home ACE Ltd (NYSE: ACL). Minnesota Power, for several years, in possession of more than 20 per cent of the capital return of a financial guarantee and reinsurance Specialty Insurance.
The exchange component is linked to a transaction, announced today in the capital of the acquisition of Ace Ltd, subject to ACE Ltd board, regulatory and return of capital from shareholders authorizations. The acquisition is a tax on the Merger, shareholders of Capital Re obtain .6 part of ACE Ltd.
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