Tiptree Inks $100M Agreement To Acquire Universal Shield Insurance Group
Tiptree Inc. (NASDAQ:TIPT) ("Tiptree" or the "Company"), today announced it has entered into a definitive agreement to acquire Universal Shield Insurance Group ("USIG"), a specialty property
Tiptree is buying another insurance company called Universal Shield for $100 million, which means Tiptree is getting bigger and adding new customers and products. When a company buys another company, watch to see if it helps them make more money or if it costs them too much.
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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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