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Nationwide Mutual plans merger with Harleysville Group

published September 30, 2011

By Author - LawCrossing
Published By
( 1 vote, average: 2 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
09/30/11

Nationwide Mutual plans merger with Harleysville Group

Nationwide Mutual Insurance has plans to merge with Harleysville Group for $760 million in cash. The merger will help Nationwide Mutual boost its presence in the eastern U.S. and add competency in the business insurance market. About 54 percent of Harleysville group is owned by Harleysville Mutual Insurance policyholders. According to the conditions of the sale, Harleysville Mutual policyholders will become Nationwide policyholders. The brand Harleysville will stay alive even after the deal closes in the first quarter of next year, pending shareholder and regulatory approvals.

published September 30, 2011

By Author - LawCrossing
( 1 vote, average: 2 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

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