Conyers advises Tower Group International Ltd. on its acquisition by ACP Re Ltd.
April 2015
Jacqueline King
Conyers acted for the Tower Group International, Ltd. (NASDAQ:TWGP) ("Tower") in its acquisition by ACP Re, Ltd. ("ACP Re") by way of a Bermuda merger. As a result of the merger, each share of Tower common stock was converted into the right to receive $2.50 in cash, without interest, and Tower's common shares are no longer publicly traded.
Tower is a Bermuda-based global diversified insurance and reinsurance holding company. ACP Re is a Bermuda-based reinsurance company. The controlling shareholder of ACP Re is a trust established by the founder of AmTrust Financial Services, Inc., National General Holdings Corporation and Maiden Holdings, Ltd.
