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OXBR - Oxbridge Re jumps 58% after activist investor urges company to 'explore options'
Oxbridge Re Holdings Limited
Oxbridge Re Holdings (OXBR) stock soars 60% in after-hours trading after activist investor Custodian Ventures, led by CEO David E. Lazar, discloses a 9.9% stake in the property & casualty reinsurance company.The stockholder said it want to work with Oxbridge Re's board "to explore potential strategic options for increased shareholder value."The investor also said "we believe the company presents shareholders an exciting opportunity for meaningful value creation."