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James River Acquisition Moving Ahead To 4Q

The Chapel Hill, N.C.-based insurer said today that plans for the acquisition of the company are expected to be completed during the fourth quarter of this year. The company said it has not entered in

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James River Group Inc. said it is moving ahead with an agreement to be acquired by D.E. Shaw, a Bermuda-based private-equity firm, after receiving no other acquisition proposals.

The Chapel Hill, N.C.-based insurer said today that plans for the acquisition of the company are expected to be completed during the fourth quarter of this year. The company said it has not entered into a definitive agreement to be acquired.

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