Insurance is big business these days. Anyone who needed proof of that need look no further than Alleghany (Y). Berkshire Hathaway (BRK.B) agreed to purchase the company at a substantial premium over its Friday close. The stock blasted up nearly 25% in premarket trading on Monday as a result, and the gains seemed to hold going into the day's trading session. The company looks to be a solid buy, though the quantity of premium paid could be negotiable. I, however, am bearish as the gains now seem to be baked in for the time being. Alleghany stock has, historically, been volatile.
https://www.tipranks.com/news/article/alleghany-blasts-up-after-berkshire-hathaway-offer-hits?utm_source=advfn.com&utm_medium=referral
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