February 13, 2018 / 10:22 PM / in 6 months

Insurer Kemper to buy Infinity Property and Casualty for $1.3 bln

Feb 13 (Reuters) - Insurer Kemper Corp on Tuesday said it would acquire Infinity Property and Casualty Corp in a cash-and-stock deal valued at about $1.3 billion.

Kemper will offer $51.60 in cash and 1.2019 in common shares for each share of Infinity, valuing the company at $121 per share based on Monday’s close. (Reporting by Nikhil Subba in Bengaluru; Editing by Anil D’Silva)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below