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New Deal


Announced

Securian Financial to acquire Canadian business of Gerber Life.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Life Insurance

life insurance

funeral insurance

insurance

Acquisition

Pending

Friendly

Private

Single Bidder

Canada

Synopsis

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Securian Financial, which provides insurance services, agreed to acquire the Canadian business of Gerber Life, a provider of life insurance services. Financial terms were not disclosed. “Canadian Premier has grown significantly since we acquired the company and this new book of business will accelerate that momentum. We see a bright future in Canada and will continue evaluating opportunities to grow our business in the country,” Chris Hilger, Securian Financial Chairman, President and CEO.

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