Shares of Delphi Financial Group Inc. (NYSE: DFG)
are soaring in trading today after the company agreed to be acquired by Tokio
Marine Holdings Inc. (TMHD). TMHD will acquire Delphi in a transaction valued
at $2.7 billion.
Delphi Financial shares rose to a new 52-week high
of $44 in trading today. At last check, the stock was up more than 70% on above
average volume. The rally has pushed Delphi Financial shares above their 50-day
and 200-day moving averages.
To get more information on Delphi Financial Group
Inc. please click here…
