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China's Fosun buys US insurer

Hand shake

Fast growing Chinese investment group Fosun has bought US property and casualty insurer the Meadowbrook Group for $433m (£284m).

The deal represents the first full acquisition of a US insurer by a Chinese company.

The $8.65 a share deal is expected in close in the second half of 2015 with Meadowbrook keeping the same name and

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