Fortegra Financial Corp. (FRF) announced Tuesday morning that it agreed to be acquired by Tiptree Financial Inc. (TIPT) in an all cash transaction valued at approximately $218 million.
Fortegra Financial gapped open dramatically higher Tuesday morning, but traded in a narrow range throughout the session. Shares finished with a gain of 2.85 at $9.87 on the highest volume of the year. The stock soared to a new high for the year.
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