BUZZ-Abacus Life soars on $200 mln deal to buy Carlisle Management
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Shares of Abacus Lifesurged 15.5% to $9.68 after announcing its $200 million acquisition of Luxembourg-based fund manager Carlisle Management. The deal will expand ABL's assets under management by $2 billion and integrate Carlisle into ABL's wealth division. ABL specializes in life insurance policies and specialty insurance products.
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