{"id":8186,"date":"2008-07-24T00:00:00","date_gmt":"2008-07-24T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"tokio-marine-to-buy-philadelphia-cons","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2008\/tokio-marine-to-buy-philadelphia-cons.html","title":{"rendered":"Tokio Marine to buy Philadelphia Cons"},"content":{"rendered":"<p>Reuters Tokyo- Tokio Marine Holdings Inc plans to buy non-life insurer Philadelphia Consolidated Holding Corp for about $4.7 billion (2.4 billion pounds), in the largest acquisition by a Japanese financial firm in the United States.       <\/p>\n<p>Tokio Marine, Japan&#8217;s largest non-life insurer, said it would pay $61.5 in cash for each share of Philadelphia Consolidated Holding, a 73 percent premium to the issue&#8217;s closing price on Tuesday of $35.55.<\/p>\n<p>Tokio Marine President Shuzo Sumi told Reuters earlier this month that he was looking at opportunities to acquire U.S. and European competitors to expand outside Japan, where it generates four-fifths of its profits.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" height=\"1\" border=\"0\" width=\"1\" src=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~4\/343381760\" \/><br \/>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/343381760\/idUKGRI33327120080723\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters Tokyo- Tokio Marine Holdings Inc plans to buy non-life insurer Philadelphia Consolidated Holding Corp for about $4.7 billion (2.4 billion pounds), in the largest acquisition by a Japanese financial firm in the United States. Tokio Marine, Japan&#8217;s largest non-life [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[552,117,1675,1129,343,172],"class_list":["post-8186","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-alignment","tag-investment-arm","tag-northwestern-mutual-life","tag-singapore","tag-spokeswoman","tag-ty"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8186"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8186\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}