NU Online News Service, July 1, 12:09 p.m. EDT
Worcester, Mass.-based insurer The Hanover Insurance Group, Inc. says it has completed its acquisition of Chaucer Holdings PLC, a major specialist Lloyd's insurance group.
Hanover paid approximately $474 million for Chaucer, including approximately $13 million to be paid in loan notes to shareholders who have elected to receive the notes instead of cash.
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