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February 4, 1999 | Bloomberg News
HCC Insurance Holdings Inc. cut its stake in Centris Group Inc. to 1.7% from 7.8% after withdrawing its offer to buy the Costa Mesa medical insurer, according to a report filed Wednesday with regulators. Houston-based HCC sold 711,200 Centris shares for $9.93 to $12.01 each from Jan. 29 to Feb. 2, according to the filing with the Securities and Exchange Commission. The property and casualty insurer now holds 200,000 Centris shares.
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BUSINESS
February 4, 1999 | Bloomberg News
HCC Insurance Holdings Inc. cut its stake in Centris Group Inc. to 1.7% from 7.8% after withdrawing its offer to buy the Costa Mesa medical insurer, according to a report filed Wednesday with regulators. Houston-based HCC sold 711,200 Centris shares for $9.93 to $12.01 each from Jan. 29 to Feb. 2, according to the filing with the Securities and Exchange Commission. The property and casualty insurer now holds 200,000 Centris shares.
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