Enstar ups Watford bid and pours scorn on deal with Arch

Enstar has come out fighting in its battle with Arch Capital to buy Watford Holdings by upping its offer, complaining that it was all but blocked from negotiations and accusing Watford’s board of potentially failing to discharge its fiduciary duties. Watford has agreed a sale to its largest shareholder Arch for $622m or $31.10 per share. This followed a bid…

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