State Auto Financial Shares Nearly Triple Since Beginning Of 2021 insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
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NEW YORK,, July 16, 2021 /PRNewswire/ Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated
Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating
State Auto Financial Corp. ( STFC or the Company ) (STFC) relating to its proposed acquisition by Liberty Mutual Holding Company, Inc. Under the terms of the agreement, STFC shareholders will receive $52.00 in cash per share they own.
The investigation focuses on whether State Auto Financial Corp. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.
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State Auto, L Brands rise; Virgin Galactic, Occidental fall
Stocks that traded heavily or had substantial price changes Monday: State Auto, L Brands rise; Virgin Galactic, Occidental fall
ByThe Associated Press
• 2 min read
State Auto Financial Corp., up $32.96 to $50.22.
Liberty Mutual is buying the insurance company for about $2.29 billion.
Virgin Galactic Holdings Inc., down $8.51 to $40.69.
The spaceflight company said it could sell up to $500 million in stock.
L Brands Inc., up $3.06 to $76.56.
The board of directors approved splitting the company s Victoria’s Secret and Bath & Body Works units into two separate companies.
FinancialBuzz.com’s latest
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.
Liberty Mutual $2 29 Billion State Auto Deal Is 200% Premium bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.