E.Sun Financial Holding Co.’s stock is rebounding after a selloff driven by worries over its planned takeover of Mercuries Life Insurance Co., signaling that concerns over the deal are fading.
The recent recovery has sent its shares close to where they traded before reportsBloomberg Terminal surfaced in October that the company was buying Mercuries Life, an insurer that has repeatedly failed to meet Taiwan’s regulatory capital requirements. E.Sun’s pledge last month to inject at least half a billion dollars to revive the struggling firm has helped boost sentiment surrounding the acquisition.
E.Sun Shares Gain on Growing Confidence in Mercuries Life Deal
