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Radian Group clears antitrust hurdle for MGIC merger

Mon Apr 9, 2007 5:36pm EDT

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April 9 (Reuters) - Diversified insurance and financial service company Radian Group Inc. (RDN.N) said the 30-day waiting period under the antitrust act for its merger with mortgage insurer MGIC Investment (MTG.N) has expired.

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Radian and MGIC expect to complete the merger late in the third quarter or early in the fourth quarter of 2007, Radian said in a statement.

MGIC plans to buy Radian for about $5.47 billion. (Reporting by Deepti Chaudhary in Bangalore) ((Editing by Anil Kumar; Reuters Messaging: deepti.chaudhary.reuters@reuters.net: within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800))
Mergers & Acquisitions


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