Mapfre To Acquire Safety Insurance In All-Cash Transaction Valued At ~$1.54B
Transaction Delivers Significant Value for Shareholders and Positions Safety for Long-Term Growth Across New EnglandSafety Insurance Group Inc. (NASDAQ:SAFT) ("Safety"), one of the leading property and casualty
Mapfre is buying Safety Insurance for about $1.54 billion in cash. This means Safety's owners will get paid now, and Mapfre thinks Safety will grow better as part of its bigger company.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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