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The Buzz Show: Featuring Our Corporate News Recap on “State Auto Financial Corp Acquired by Liberty Mutual in $2.29 Billion Agreement”
State Auto Financial Corp. (NASDAQ: STFC) surged over 188% in premarket trading after it was announced that Liberty Mutual would acquire State Auto Group, a super-regional insurance holding company headquartered in Columbus, Ohio pursuant to the newly signed definitive agreement
Under the terms of the agreement, State Auto mutual members will become mutual members of Liberty Mutual and Liberty Mutual will acquire all of the publicly held shares of common stock of State Auto Financial for 52 dollars per share in cash.