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SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of State Auto Financial Corp

Share this article Share this article 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.

State Auto, L Brands rise; Virgin Galactic, Occidental fall

ABC News Turn on desktop notifications for breaking stories about interest? OffOn 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.

The Buzz Show: State Auto Financial Corp (NASDAQ: STFC) Acquired by Liberty Mutual | Financial Buzz The Buzz Show: State Auto Financial Corp (NASDAQ: STFC) Acquired by Liberty Mutual

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.

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