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Willis Towers Watson Launches $300 Million Modified Dutch Auction Tender Offer
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White Mountains Insurance has initiated a $300 million modified Dutch auction tender offer to repurchase its common shares at prices between $1,850 and $2,050 per share. The offer expires on December 19, unless extended. If fully subscribed, the company could repurchase approximately 5.8% to 6.4% of its outstanding shares, depending on the final price. The company may increase the purchase amount by up to 2% of outstanding shares without extending the deadline.
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