Nordic insurance company Sampo SAMPO 1.10%increase; green up pointing triangle is buying the shares of Topdanmark TOP 1.92%increase; green up pointing triangle that it doesn’t already own in a deal that values the Danish insurance company at 33 billion Danish krone, or about $4.73 billion, consolidating its position within the property and casualty insurance market.

Under the deal accepting shareholders will get 1.25 Sampo A shares for each Topdanmark share held, the companies said on Monday. The offer values each Topdanmark share at 366.38 Danish krone and is a 27% premium to the company’s closing share price of 289.60 krone on Friday.

Source: WSJ