Porch Group To Pay Additional $50M Of Deferred Consideration Over 12 Months Following Acquisition Of Allied Trust’s Insurance Carrier, Managing General Agency
Porch Group, Inc. ("Porch Group", "Porch" or the "Company") (NASDAQ: PRCH), a new kind of homeowners insurance company, today announced that Porch Insurance Reciprocal Exchange (the
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Why It Matters
Porch Group is paying an extra $50 million for a company it bought. This shows the deal cost more money than first expected.
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