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BWIN — Baldwin Insurance group News Story

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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)

((darshan.kumar@thomsonreuters.com))

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