Waiting Period Expires for Liberty Mutual Group Acquisition of Safeco (SAF)
More News related to SAF
- Tracer Repair & Overhaul and Messier Bugatti Complete Ownership Transaction of MBT
- Top 15 For 2008 (No. 14): M&A Wreckage
- Standard & Poor's Index Changes: PXD for SAF; BXS for SAF; APH for WEN, WEN for APH, UBA for TRY.b
- Safeco (SAF) Reports Q2 EPS of $1.65
- Waiting Period Expires for Liberty Mutual Group Acquisition of Safeco (SAF)
More News related to Mergers and Acquisitions
- Airgas (ARG) Rejects Air Products (APD) Takeover Bid
- Sony (SNE) Subsidiary Acquires iCyt Mission Tech
- Audiovox Corp. (VOXX) Acquires Assets of Invision Industries
- Morningstar (MORN) Buys Footnoted.org
- Volcano Corp. (VOLC) Acquires Xtract Catheter Device from Lumen Biomed
Liberty Mutual Group and Safeco Corporation (NYSE: SAF) announced that the waiting period under the Hart Scott Rodino Antitrust Improvements Act of 1976 for Liberty Mutual’s proposed acquisition of Safeco has expired. The expiration of the waiting period satisfies a condition to the closing of the proposed acquisition.
As previously announced on April 23, 2008, Liberty Mutual and Safeco have entered into a definitive agreement pursuant to which Liberty Mutual will acquire all outstanding shares of common stock of Safeco for $68.25 per share in cash. The transaction is expected to close by the end of the third quarter of 2008.
Safeco Corporation (Safeco) is an insurance holding company. The Company, through its subsidiaries, is licensed to provide property and casualty (P&C) insurance along with related services to drivers, homeowners and small and mid-sized businesses in all 50 states in the United States.[SM]
Related Categories
Mergers and AcquisitionsStocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
