Baldwin gains after report says Michael Dell's firm nearing $7.7 billion takeover
BUZZ-Baldwin gains after report says Michael Dell's firm nearing $7.7 billion takeover ** Shares of insurance brokerage firm Baldwin Insurance Group BWIN.O rise 4.8% to $31 premarket
** BWIN gains after the Financial Times reported that Michael Dell's DFO Management is leading a planned $7.7 bln take-private deal for co
** The proposed deal values BWIN at $32.50 per share, representing a premium of about 10% to Friday's closing price
** Seven of 11 brokerages rate stock "buy" or higher and four "hold"; their median PT is $31 - data compiled by LSEG
** BWIN and DFO Management did not respond to requests for comment outside business hours on Sunday
** As of last close, BWIN stock up 23.4% YTD
(Reporting by Darshan Kumar in Bengaluru)
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