Wednesday, March 9, 2011

MGIC Investment Rallies On Takeover Speculation

Shares of MGIC Investment Corp. (NYSE: MTG) rallied as much as 4% on Wednesday on speculation that the Milwaukee, Wiaconsin-based mortgage insurer could be acquired. MGIC Investment Corporation, through its subsidiary, Mortgage Guaranty Insurance Corporation, provides private mortgage insurance to the home mortgage lending industry. Stay tuned for more.

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