Announced
Financials
Tags
Majority
Acquisition
life insurance company
Pending
United States
Privatisation
Domestic
Life Insurance
Single Bidder
Public
Friendly
Synopsis
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.
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