Castelnau Group Share News (CGL)

MARKET COMMENT: London Stocks Close Down Amid Mixed US Jobs Report

UPDATE 2-XL to write nearly a tenth of Lloyd's business after Catlin deal

(Adds XL and Catlin CEO comments) By Richa Naidu Jan 9 (Reuters) - XL Group Plc said it would buy underwriter Catlin Group Ltd for about 2.79 billion pounds ($4.22 billion), increasing the Dublin-based insurer's share of business written in the Lloyd's of London market to nearly 10 pe

CORRECTED-UPDATE 1-XL Group to buy Lloyd's of London insurer Catlin for 2.79 bln stg

(Corrects paragraph 1 to say "Dublin-based" instead of "Bermuda-based") Jan 9 (Reuters) - XL Group Plc will buy underwriter Catlin Group Ltd for about 2.79 billion pounds ($4.22 billion), giving the Dublin-based insurer and reinsurer a bigger chunk of the Lloyd's of London market. The

UPDATE: XL Group Agrees GBP2.8 Billion Deal To Acquire Catlin

UK WINNERS & LOSERS: Jefferies Hammers Housebuilders With Downgrades

Catlin's £2.8bn takeover by XL confirmed, full dividends to be paid

The takeover of FTSE 250-listed insurance underwriter Catlin by US rival XL Group for an improved £2.8bn has been confirmed, with a final dividend to be paid before the deal completes. The boards of both companies agreed the terms of a recommended cash and share acquisition by means of a 388p cash p

XL Group Agrees GBP2.8 Billion Deal To Acquire Catlin

Catlin accepts XL £2.5bn takeover offer

Catlin, a Lloyd's of London insurer, is reported to have accepted a £2.5bn takeover offer from US firm XL. On Wednesday, the group reported it had been approached by XL with a 699p-a-share offer, made up of 410p in cash and 0.130 shares per Catlin share and a deal has now been finalised, according t

XL Group secures Catlin takeover-paper

LONDON, Dec 21 (Reuters) - Insurance and reinsurance company XL Group has finalised a 2.53 billion pound ($3.95 billion) takeover of Catlin Group Ltd, operator of the biggest syndicate in the Lloyd's of London insurance market, the Sunday Times reported, citing a source close to XL. Catlin

Friday tips round-up: Diageo, Catlin Group

Consumer goods giant Diageo is seeing a slowdown in growth in one of its main markets, the United States. One would have thought the economic recovery and drop in the oil price would have translated into greater discretionary spending on the liquors and spirits which it purveys. Yet that has not bee

BUZZ-U.S. STOCKS ON THE MOVE-Oil stocks, Auspex Pharma, OnDeck Capital

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, http://link.reuters.com/mex49s; for the Morning News Call newsletter, http://link.reuters.com/nex49s) U.S. stocks rose on Wednesday on the heels of a three-session

BUZZ-XL Group Plc: Insurer in talks to buy Catlin

** Irish insurer's shares down 5.7 pct at $33; among top losers on the New York Stock Exchange ** XL in talks to buy Bermuda-based insurer Catlin Group Ltd ** XL's possible cash-and-stock offer values Catlin at 699 pence per share, a 20 pct premium to stock's Tuesday close ** Ca

Catlin Group confirms possible offer from XL Group

Lloyd's of London insurer Catlin Group has officially confirmed the receipt of a possible offer from global conglomerate XL Group. Catlin claimed: "A combination of XL and Catlin would create a leading player in property and casualty insurance and reinsurance and expand opportunities for the combine

FTSE 250 movers: Catlin boosted by takeover discussions while real-estate sector slides

Catlin Group was rising substantially Wednesday after XL Group confirmed takeover discussions with the company. XL Group chief executive officer Mike McGavick said: "We both believe that we will be far better positioned and stronger together. We see this transaction as deeply accelerating the strate

BUZZ-Catlin: hits all-time high on bid spec

** Catlin rises 4 pct in heavy volumes to fresh all-time highs, with three traders citing reports of bid speculation around the insurer ** Shares ended Tuesday stronger, rising 7 pct in last two trading days, though one bulge-bracket sales desk says reports "dubious" due to lack of bidder/