Geneve Holdings to acquire the remaining shares in Independence Holding Company in a go-private transaction for $312m.

Geneve Holdings, the family-owned company that controls 62.5% of the common stock of Independence Holding Company, agreed to acquire the remaining shares in Independence Holding Company, a life insurance compan, in a go-private transaction for $312m. "I would like to thank the Special Committee who worked hard and independently on the Going Private Transaction with their financial and legal advisors since August 2021 to negotiate a fair deal resulting in a positive result for all parties and which I believe is in the best interest of the Minority Shareholders," Roy T.K. Thung, Independence Holding Company CEO.