Fortis agrees to purchase insurer American Bankers
Article Abstract:
Fortis AG is planning to acquire American Bankers Insurance Group Inc. (ABIG) for $2.6 million in cash. Under the terms of the proposed deal, Fortis will assume responsibility for debt worth $194 million. The board of directors of both firms have given their approval to the deal. ABIG stockholders would receive $55 per common share under the deal, which would make Fortis one of the largest specialty insurers in the US.
Comment:
Fortis planning to acquire American Bankers Insurance Group for $2.6 million in cash
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Prudential PLC to buy Orico Life Insurance
Article Abstract:
Prudential PLC will acquire Orient Corp.'s Orico Life Insurance Co. unit for 23 billion yen (210.5 million euros). The deal is the latest in a series of foreign acquisitions of Japanese firms.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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