03:47 PM EDT, 03/15/2024 (MT Newswires) -- James River Group's ( JRVR ) shares jumped more than 19% in recent Friday trading after it reportedly received an indicative all-stock acquisition offer from Global Indemnity ( GBLI ) for nearly $15 per share, Insurance Insider US reported, citing unnamed source.

James River's valuation under the offer stands at approximately $550 million, according to the report.

Neither James River nor Global Indemnity ( GBLI ) immediately responded to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 8.05, Change: +1.30, Percent Change: +19.19