Allianz (ALIZY) is in exclusive talks to acquire Viridium from Cinven for around $3.3B, Ben Dummett and Justin Baer of Wall Street Journal report, citing people familiar with the matter. Allianz beat out rival bidders including Athora, an insurer affiliated with Apollo Global Management (APO), a source told the Journal.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALIZY: