Kingsway Financial: Scales near 2-1/2-year high on PWI Holdings acquisition

Kingsway

02/12/2020 15:18

** Shares of insurance co  KFS.N  surge 34.5% to $4.09,
their highest since June 2018
    ** Kingsway closes its acquisition of PWI Holdings,
strengthening its position in the vehicle service contract and
extended warranty industry
    ** KFS says after taking into consideration anticipated
increases in expenses on a standalone basis, it expects the
acquisition to add to its earnings 
    ** Stock has surged nearly 88% so far this year

 (Reporting by Arundhati Sarkar in Bengaluru)
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