Original sentence: In October 2006 Catlin announced that it intended to acquire Wellington Underwriting plc, which managed one of the largest syndicates at Lloyd's and had established underwriting operations in the United States.The acquisition was declared unconditional on 18 December 2006.The offer price amounted to 0.17 shares of Catlin common stock and 35 pence in cash for each Wellington share
Edited sentence: In October 2006 Catlin announced that it intended to acquire Wellington Underwriting plc, which managed one of the largest syndicates at Lloyd's and had established underwriting operations in the United States: the acquisition was completed on 18 December 2006