Allstate (ALL) Affirms $1.4B Acquisition of SquareTrade
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Allstate Expands Consumer Protection Offerings with Acquisition of Rapidly Growing SquareTrade
November 28, 2016 4:54 PM ESTNORTHBROOK, Ill., Nov. 28, 2016 /PRNewswire/ -- The Allstate Corporation (NYSE: ALL) has agreed to acquire SquareTrade, a rapidly growing consumer protection plan provider that distributes through many of America's major retailers. The privately held company will be purchased for approximately $1.4 billion from a group of shareholders, including Bain Capital Private Equity and Bain Capital Ventures, in a transaction expected to close in January 2017.
"Allstate's consumer-focused strategy of providing unique products will be further enhanced with the acquisition of SquareTrade," said Tom Wilson,... More
