Alterra Capital Holdings (ALTE) announced Wednesday morning that it agreed to be acquired by Markel Corp. (MKL) for approximately $3.13 billion.
Alterra Capital gapped open dramatically higher Wednesday, but traded in a range for the bulk of the session. Shares finished up by 5.03 at $28.18 on the highest volume of the year. The stock leaped to a new high for the year.
Markel gapped open lower Wednesday and sharply declined during the first half hour of trade. The stock finished with a loss of 49.81 at $436.24 on the highest volume of the year. Markel sank to over a 3-month low and fell below both its 50 and 200-day moving averages.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.