ARGO - Arch Capital enters auction for Argo Group - report

• Arch Capital ( NASDAQ: ACGL ) has entered into a sales process for Argo Group's ( NYSE: ARGO ).
• Arch Capital ( ACGL ) is said to have made a late entry for a potential purchase of insurer Argo ( ARGO ) as the "thinly contested process struggles to reach a conclusion," according to an Inside P&C report from Thursday. The report also said talks with Core Specialty and Enstar ( ESGR ) "grind on."
• Argo ( ARGO ) fell 6.7% on low volume in early trading on Thursday.
• The update comes after Insurance Insider in September said that Argo ( ARGO ) is said to have restarted a sales process. Argo's adviser Goldman Sachs is said to have approached potential buyers about their interest.
• In April Argo said its board had started an exploration of strategic alternatives , including a potential sale or merger.

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