Watford (NASDAQ: WTRE) shares are trading higher on Thursday after the company received an all-cash $31 share acquisition proposal from Enstar.
Watford Holdings is a property and casualty insurance and reinsurance company. Its line of business includes casualty reinsurance, property catastrophe reinsurance, other specialty reinsurance, and insurance programs and coinsurance. The company generates a majority of its revenue in the form of premiums from casualty reinsurance division.
Watford shares traded up 24.63% to $28.59 on Thursday. The stock has a 52-week high of $30 and a 52-week low of $10.86.
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