Merger Opinion: AXA agrees to buy XL Group [XL] at $57.60/share
AXA has agreed to buy XL Group [XL] for $57.60/share. This is a price represents a 28% premium over fair value. This is a reasonable offer.
XL Group has middle ranked earnings parameters and better than middle revenue growth over 3 and 5 years. Revenue growth recently has slowed to lower middle ranking.
