WR Berkley Corp
WRB: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| !$ | LOCK|<pLG | LOCK|<xrCvMj$ |
W.R. Berkley: Mitsui Sumitomo to Buy 15% Stake
W.R. Berkley announced that Mitsui Sumitomo Insurance, in an agreement with the Berkley family, intends to buy a 15% stake in the company. The purchases will be made in the open market, and the Berkley family will not sell its shares. Once MSI reaches a 4.9% stake, it agrees to vote its shares in accordance with the Berkley family. Once MSI’s stake reaches 12.5%, the Berkley family agrees to recommend nominating a MSI representative to the board.
