FPIC Insurance Group/The Doctors Company
On May 24, 2011, FPIC Insurance Group, Inc. (Nasdaq: FPIC) reports that it will be acquired by The Doctors Company for $42 per share in cash, or total consideration of $362 million.
Closing is expected in Q411.
Sandler O'Neill + Partners, L.P. acted as the financial advisor to FPIC and Weil, Gotshal & Manges LLP provided legal advice. Sandler O'Neill + Partners, L.P. provided a fairness opinion to the Board of Directors of FPIC in connection with the transaction. Macquarie Capital acted as the financial advisor to The Doctors Company and Farella Braun + Martel LLP provided legal advice.
Closing is expected in Q411.
Sandler O'Neill + Partners, L.P. acted as the financial advisor to FPIC and Weil, Gotshal & Manges LLP provided legal advice. Sandler O'Neill + Partners, L.P. provided a fairness opinion to the Board of Directors of FPIC in connection with the transaction. Macquarie Capital acted as the financial advisor to The Doctors Company and Farella Braun + Martel LLP provided legal advice.
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Unusual 11 Mid-Day Movers 05/24: (SIFY) (FPIC) (LMLP) Higher; (INVE) (CHBT) Lower
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Morning Movers 05/24: (SIFY) (FPIC) (PHC) (DSW) Higher; (INVE) (CBRL) Lower
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Notable Mergers and Acquisitions of the Day 05/24: (FPIC) (PHC) (VRX)
