TradingKey – Baldwin Insurance begins September 14 with their last complete close at $29.65, almost identical to the provided reference at $29.64. The stock does not behave like a normal insurance broker. Over the weekend reports said DFO Management, Michael Dell’s family office, and Sequence Holdings are far along in negotiations to buy Baldwin for $32.50 a share, valued at approximately $7.7 billion. There has not been an official statement, so BWIN is now a special situation stock, and the potential for a merger is more important than a regular stock valuation.