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Announced

Allstate to acquire SafeAuto Insurance for $300m.

Financials

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Transaction Value£211m
Consideration TypeCash, Special Dividend
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Pending

Private

Property and Casualty Insurance

Domestic

Friendly

Single Bidder

Majority

Acquisition

auto insurance

Synopsis

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Allstate, an American insurance company, agreed to acquire SafeAuto Insurance, a non-standard auto insurance carrier, for $300m. "The acquisition and integration capabilities of National General, combined with the backing and capital of Allstate, will enable us to serve more customers," Ron Davies, SafeAuto CEO.

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