BUZZ-ProAssurance leaps on $1.3 billion go-private deal

Reuters

03-20

BUZZ-ProAssurance leaps on $1.3 billion go-private deal

** Shares of specialty insurer ProAssurance PRA.N rise 50.6% to $23.41 premarket

** On Wednesday, Doctors Company, a medical malpractice insurer, has agreed to buy PRA for $1.3 billion, the cos said

** PRA shareholders will get $25/shr, a 60.9% premium to stock's last close

** PRA will no longer be listed on the New York Stock Exchange and will become a subsidiary of Doctors Company

** Deal expected to close in H1 of 2026, creating a combined co with $12 billion in assets

** PRA gained 30% in the last 12 months

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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