Insurance broker USI Holdings Corp. said it is considering a buyout offer after it received an inquiry from a group of private equity investors to purchase the company's outstanding shares.
One analyst said there is a 70 percent chance the transaction will be completed.
In a statement yesterday after the close of trading, the Briarcliff Manor, N.Y.-based broker said it has formed a special committee to examine a proposal from a private equity firm to purchase all of the outstanding shares of the company's stock.
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