Thursday, May 31, 2007

Israel's Clal Insurance buys U.S insurer Guard

(Reuters) - Clal said in a statement to the Tel Aviv Stock Exchange it
had paid an additional $10 million for Guard, which focuses on
workers' compensation.




In order to help finance the acquisition, Clal said it had
received a loan of $46 million from an international bank.


Read more at Reuters.com Mergers News

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