By: Benzinga
UPDATE: Deutsche Bank Downgrades Alterra Capital to Hold on Acquisition
Deutsche Bank reduced its rating on Alterra Capital (NASDAQ: ALTE ) from Buy to Hold but raised its price target from $27 to $29 Deutsche Bank commented, "Alterra announced that each of its shares would be acquired by Markel in exchange for 0.04315 shares of Markel and $10 in cash.
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